Whether you run a small business or a large one, you already have a lot in your hands, including the thought of increasing your sales, marketing, hiring of new staff, settling of taxes and more. With all these things to think about, the last thing everyone wants to grapple with is the legal issues and the lengthy procedures that go with it. In order for you to avoid these problems, you need to enlist the services of a reputable business attorney to help you handle the legal aspects affecting your business.
Do Businesses Need Manhattan Business Attorney?
Many business owners do not think that business attorneys Manhattan are of a great importance. In addition, they also have a belief that these professionals charge extremely high hourly rates, especially most small businesses since they have little capital at hand. It is a fact that we live in a world full of challenges and both new and existing some of which can have far-reaching implications on the bottom line. Lawyers can hep you navigate the legal problems that your business may face. But most importantly, they can go a long way to prevent you from such issues.
If you are connected to a large and reputable law firm, you will have numerous intangible benefits. Some of the things you stand to benefit include guaranteeing you when seeking finances from lenders, using their names when looking to join other investors. If you are looking to start a business that you wish to expand in the near future, you need to hire a business lawyer whose reputation in the investment banking and venture capital.
Here are some of the things your business attorney Manhattan will help you deal with:
Signing of contract
Contracts are crucial for any business, especially when getting into deals that have a huge financial implication on the business. A business lawyer will help with preparation of standard form contracts that binds you with suppliers, customers and clients.
Deciding on the Type of Business organization
You will have to hire a lawyer who can help you decide whether it is better to start a limited company or a partnership. They will also prepare the necessary paperwork.
Preparation of Real estate and Commercial Leases
Leases of commercial property such as factory spaces, offices and large retail stores are extremely complex and need to be drafted such that your rights and interests are protected. He or she will prepare a framework of clauses that will serve your interests.
Taxes and licenses
While it is true that your accountant will be concerned with filing of business tax returns, you need a lawyer to help you with application for federal and state tax identification numbers. The will also help you understand the basic issues that your business is likely to run into.
Although your accountant will prepare and file your business tax returns each year, your lawyer should know how to register your business for federal and state tax identification numbers, and understand the tax consequences of the more basic business transactions in which your business will engage.
No Comments