Why Do I Need a Business Formation Lawyer?Technically, you don’t need a business formation attorney to start your company. However, that’s kind of like saying you don’t need a doctor to deliver your baby or an architect to design your house. The bottom line is that the benefits of hiring a lawyer far outweigh any perceived cons. From helping you choose the right business model to drafting crucial legal documents, your lawyer will be there to ensure you’re legally protected.
Choosing The Correct Business EntityThere is no one-size-fits-all business model. The way you set up your business will depend on your specific goals and needs. We can help you establish your business entity, including the most common forms listed below:
- Partnership, a business model where partners agree to advance their mutual interests.
- Corporation, an organization that also exists as a singular entity and has a separate legal existence from its directors and shareholders.
- Limited liability company (LLC), a business structure that allows each owner to be a member who has the protections of a corporation, as well as the ability to pass business losses or profits to their personal income tax return.
- Limited liability partnership (LLP), a model that combines aspects of both partnerships and corporations, and in which business partners are not liable for each other’s misconduct or negligence.
Liability ReductionOperating a brick-and-mortar business comes with more responsibilities—and risks—than you may realize. As the business owner, you are responsible for what happens on your property, and that includes incidents like slip-and-fall accidents, claims for defective products, actions of negligent employees and more. Any of these situations could result in a lawsuit that breaks you financially. Fortunately, a business formation attorney can help you avoid unnecessary risk.
Tax ConsiderationsIf you’ve got a mind for business, you already know that there are legal ways to minimize your tax burden, and it’s often as easy as talking to a professional. Because each business model offers distinct tax advantages and disadvantages, consulting a business formation attorney can help you make the best decision for your specific situation.
Business ContractsAs a new entrepreneur, you’re going to be dealing with a lot of contracts. Whether they’re for space, services, supplies, partners, investors or employees, you’re going to need professionally drafted business contracts from the very beginning. As they’re already familiar with the legal ins-and-outs of your company and its structure, your business formation attorney will be able to tailor contracts around your individual needs.
Other AdvantagesBusiness entities, liability, taxes and contracts aren’t the only areas in which it will benefit you to work with a lawyer from the get-go. A business attorney can also help you with registration, licensing and permits, and can help you figure out how to raise capital and make distributions in a fiscally responsible way.
The Hermele Law Firm: Top Business Formation Attorneys in Denver, ColoradoWhen you choose a business formation lawyer, you’re choosing someone to invest in your company’s growth, from infancy to maturity. They end up being more like a business partner than a contractor, so it’s important to make the right choice. At The Hermele Law Firm, nothing makes us happier than seeing local businesses grow and thrive. If you’re searching for a passionate, expert business lawyer, don’t waste your time Googling “business formation lawyer near me”—contact our firm instead. Ready to get started? Visit us online or give us a call at (720) 740-0889 to schedule an appointment.
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Reviews And Testimonials
Client satisfaction is our highest priority; just ask our clients.
Jay was calm, encouraging, and developed a brilliant and simple strategy on how to get my money back. His strategy was successful. I got a 100% refund, and additional negotiations yielded additional benefits.Bradley C.
Jay Hermele and his team fought for me and recouped my money that I lost to a corrupt business partner. Thank you so much Jay and folk for your consistency.Tom M.
Jay went up against one of the toughest law firms in Denver for me. He owned it while still being conscientious about my risks and expenses. He’s very sharp, tough and ethical. I’d recommend him highly!Kurt B.
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The Hermele Law Firm is a Business Law. We are licensed in the states of Colorado And Wyoming.
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