Role of a Corporate/ Business Lawyer in Starting a New Venture
If you’re planning to start a new business venture and have questions about whether you should use a corporate or business lawyer to assist you, you’ve come to the right place. On this page we’ll provide you with some information on what you can expect when you work with a lawyer from Beganyi Law P.C..
Intake
Before providing any advice, the corporate/ business lawyer will take some time to interview you and ask you questions about the kind of business you’re looking to start, your business plan, and your business needs.
Some of the things that your lawyer will discuss with you will include:
- The structure of the business could be a sole proprietorship, a partnership, a limited partnership, a joint venture, or an incorporation.
- Is there a need to register a business name?
- The person(s) that will be the owners of the business.
- Is a shareholders’ or a partnership agreement required?
- Is financing being sought, and if so, how will that impact the business structure?
As part of the consultation, the lawyer will crucially identify potential challenges and regulatory issues in your industry. This proactive approach will help you prepare for and navigate these obstacles effectively.
Identifying Challenges and Risks
The business/ corporate lawyer will advise you on specific issues that may arise in your industry as part of the advice on the business’s formation. In regulated industries, the business/ corporate lawyer will be invaluable in ensuring you don’t run into any regulatory problems or issues.
Formation of an Operating Entity
After the initial interview, the corporate/ business lawyer will work closely with you to understand the type of business structure that will best serve your goals. They will provide you with information and advice on how to proceed and what will be required. Once you have reviewed and approved the plan proposed by your corporate/ business lawyer, they will proceed with drafting and preparing the necessary documentation to set up your business structure—whether that will be a sole proprietorship, a partnership, a joint venture, or a corporation.
Additional Contracts and Agreements
As a final step in the process, your business/ corporate lawyer canvass other contracts or agreements you should implement to minimize your risks and be successful. For example, suppose you’re setting up a website. In that case, your lawyer can assist you with drafting a sensible Privacy Policy and Terms of Use policy for your website to ensure that you are compliant with the privacy laws of Canada that are likely to impact your business. Your corporate/ business lawyer may also assist you with your proposed branding by assisting you in registering a trademark or other intellectual protections.
Benefits of Hiring Beganyi Law P.C. for Your Business
Regardless of the venture you’re looking to start, a business/ corporate lawyer is an invaluable advisor who can assist you with your legal needs. By hiring a business/ corporate lawyer from Beganyi Professional Corporation P.C., you can be assured that you will receive solid, targeted, and cost-effective advice developed through years of experience advising private and public entities. Contact us for a free consultation on how we can assist you.
FAQ’s:
Conclusion
Hiring business lawyers for your company will ensure that you face minimal legal issues.
If you do not want to worry about any legal matter in your business, then you can hire Begyani Law.
We will handle the legal part of your business while you can focus on growing your company.