How We Help New Businesses

Smiling business persons shaking hands hiring a lawyer for new business.

A common question among entrepreneurs is whether they need a business lawyer. Many business owners believe that lawyers charge high rates and that hiring a lawyer for a new business would be too expensive. As a result, many small business owners wait until they are facing serious legal problems before contacting an attorney.

While you certainly don’t need a lawyer for a small business, this is a situation where an ounce of prevention is worth a pound of cure. An attorney can help you avoid legal problems before they arise by providing a solid foundation for your business and sound advice to get your business off on the right foot.

At RKPT, our lawyers are ready to assist new businesses with creative solutions to business challenges, including contract negotiations, financing challenges, acquisitions, and tax issues. We offer proactive legal advice that will address key issues in your startup and help your business avoid legal issues in the future. We strive to become trusted advisors who guide you through the startup process and position your business to grow and thrive.

Common Legal Issues Facing New Business

A new business will face many issues that are relatively straightforward and not difficult to learn. These issues can be addressed by the business owners, perhaps with assistance from some self-help resources that are available to new business owners online and in print.

But, there are times when a business owner will face issues that are too complex, too time-consuming, or fraught with potential issues of legal liability. In these situations, hiring a small business lawyer is the wisest move.

Common issues that a new business will need to consider and address at the outset include:

  • Selecting a legal entity that will best suit your business and provide the legal protection you need
  • Choosing a name for your business
  • Registering your company
  • Choosing a brand identity and ensuring you are not infringing on the intellectual property rights of another business
  • Entering into a lease agreement
  • Contracts for the purchase, sale, and distribution of goods
  • Employment contracts when you are ready to hire staff members
  • Contracts with other business providers
  • Advice on laws that pertain to your unique industry or business sector

While every business is unique, these are common issues that most new companies will face. At RKPT, our new business lawyers will help you select the correct corporate entity, ensure compliance with applicable laws, minimize the risk of personal liability for the new business owner, and protect you against being sued. By working with our experienced business lawyers, you proactively address potential legal issues and protect yourself from future liability. You also gain peace of mind knowing that your business is set up properly and well-positioned for success.

Complex Legal Issues Facing Business Owners

At some point, your new business may face additional, more complex legal issues that will require the services of an experienced business attorney. This might occur as your business grows and you are considering bringing on additional employees or investors, or are buying another business. In these situations, the expense of hiring an experienced business attorney will far outweigh the costs you would incur if you make a mistake. At some point, all businesses will face a situation where they will need the help of an experienced attorney.

For example, you may find that you need a business attorney if:

  • Your business is facing a lawsuit from an employee, former employee, or another business
  • There are disputes between business owners
  • Your business is being investigated by local, state, or federal officials for allegedly violating the law

In situations like these, you will certainly need to retain an attorney. However, as a new business owner, your focus should be on avoiding these situations in the first place. An experienced business attorney can provide proactive advice on minimizing the likelihood of these situations. And working with an attorney early in the process minimizes the severity of a complex legal situation and can prevent it from spiraling out of control.

RKPT: Minimizing Risk While Maximizing Results

At RKPT, our business lawyers have broad experience representing businesses at all phases of the business life-cycle. We have invaluable insight into the challenges that face new business ventures. Put our experience to work for you and help your business avoid more serious legal challenges so you can focus on business growth and success.

With a track record that spans more than half a century, RKPT has earned a reputation as a law firm that serves as a trusted source of business advice for our clients.

Whether you need assistance with business formation and financing, mergers and acquisitions, corporate governance, or succession planning, our business and corporate lawyers have the experience and expertise to deliver principled advice that will help you meet and exceed your goals.

The business and corporate lawyers at RKPT are here to help your new venture succeed. Based in Cincinnati, we represent businesses throughout Ohio and across the country.

For more information and to learn how we can help, call us at (513) 721-3330 or contact the business and corporate lawyers at RKPT today.

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Categories: Emerging Companies