Why Do You Need a Corporate Lawyer Involved in Business Planning?
A corporate lawyer and an accountant provide vital guidance for any new business. While most business owners see the necessity of using an accountant for tax reporting and filling out returns, it may not be as apparent why you need legal help from a skilled corporate lawyer. However, the service a Bellingham, WA corporate lawyer provides is equally important as other business professionals.
Reasons for hiring a corporate lawyer when starting a business include:
- Entity formation. Selecting a business entity is an important decision that provides you with liability protection, asset preservation and tax minimization. Depending on the industry, you may be legally restricted on the type of entity you can form. A corporate lawyer can help you choose the right business formation and, if a corporation, can file articles of incorporation and by-laws that comply with Washington statutes.
- Zoning laws. Zoning laws dictate where you can locate your business and knowledgeable attorneys can help ensure your business is in compliance with local zoning ordinances.
- Business licenses and permits. Depending on the nature of your business, you may require a business license or permits to operate.
- Contracts. You must have legally sound contracts to conduct business transactions, hire employees and establish other necessary agreements for business operations. A corporate attorney helps you draft contracts and, in some instances, can negotiate a contract on your behalf.
Working with a skilled and experienced attorney can lead to effective Bellingham business planning.