When you as an entrepreneur decide it is time to incorporate your business then you have probably asked yourself, do you need a lawyer to incorporate your business. The answer is a pretty firm yes. This is a delicate stage in your business’ growth that should be handled with care. You value your business, you put a lot of money, time and hard work into it, so err on the side of caution and work with a nearby attorney to handle the incorporation. There are a lot of good reasons to do this, here are just some of the things you need to take into consideration.
Start with a Solid Foundation
If you want your business to grow and succeed then start with a solid foundation. Your articles of incorporation will set the foundation of your business going forward and they are important, so you need to get them right. While there may be DIY incorporation kits all over the internet that will never replace the professional advice of a qualified lawyer.
Incorporating a business means filling out tons of forms and completing other paperwork. There are lots of details that need to be understood and adhered to. So save yourself the time, trouble and the potential for an expensive mistake by getting a lawyer who understands the legalese to do this for you.
Incorporating your business is a delicate matter and a business lawyer is well versed in everything that you’re going to need to get you properly incorporated and registered with the state. They can make sure that you have all the proper permits, insurances and anything else you need in order to conduct your business in compliance with local laws. Doing it yourself, and not having the right permits or insurance can result in heavy fines and penalties. These fines can be steep enough to put you out of business before you even get your business off the ground.
Yes, an attorney may seem expensive but if you think about how long you plan to have your business it turns into a pretty good value for the money. Mistakes in business are expensive, so in the longer run it is far cheaper to avoid them than it is to fix them down the road. Let a lawyer handle the incorporation for you and you can concentrate on what you do best. Your business will provide a living for you and your family, can you really afford not to get it right?