There are a lot of facets that go into starting a business that have nothing to do with the product or service you plan to sell. Legal issues such as business structure and intellectual property are things that a Business Lawyer in Abilene KS can help you with before you even open your business. The most important thing you’ll need to do before you open your doors is to choose a legal structure. Though it is possible to change it after you are in business, it is more complicated that choosing the right structure the first time.
Whether you’ll be selling a product or a service, it is important to address intellectual property before you take in your first dollar. If it’s necessary to trademark your products or your logo, that should be taken care of well before you advertise to the public. A Business Lawyer in Abilene KS may help you with a trademark search so you can avoid any conflict after you invest a large amount of money in branding. Preventing lawsuits is much less expensive that settling them.
Your business may also need insurance. There are a number of different kinds of business insurance and an insurance agent is not always the right person to advise you on which products are right for your company. Consult with your attorney to determine your risks and choose insurance products based on your needs instead of which ones earn your agent the highest commission. You may be able to save a lot of money by simply being prepared when you contact an insurance agent.
A law firm such as Hampton Law may be able to meet all of your legal needs from the day you decide to go into business until you close your doors. After your business is up and running, your lawyer may give you advice about hiring or firing employees, setting up retirement accounts and dealing with customer disputes. When you hire your lawyer in the very early stages of your business, it will be easier for him or her to help you resolve or even prevent major issues that affect your company.