Starting a business is a daunting yet rewarding task for many business owners. However, it can be difficult to decide how to structure your business. Many owners choose LLCs, while others prefer sole proprietorships or partnerships instead. Ultimately, the business structure you choose impacts how you organize your business, who your stakeholders are, and what legal protections you receive in the event of a lawsuit. Understanding applicable business law can help you structure your business in the way that’s most effective for you. That’s why we are here to serve clients in the Evansville, Indiana, area as your business formation and organization attorney. We are here to help guide you through the process of starting and operating your business.
Forming Your Business
Business owners often are not versed in business law, which is why they turn to us for assistance as their business formation attorney. While most business owners understand the goals they have and what they’d like their business to accomplish, there are many different factors a business owner should consider before they open their doors to the public. For instance, some companies require more legal protections than others, based on the nature of their work. Other organizations offer relatively low-risk services that may not need the same type of legal protection. Therefore, working with a business formation attorney can help you decide whether forming your business as an LLC, sole proprietorship, partnership, or corporation is the right choice for you. Additionally, as your business formation lawyer, we help our clients determine and apply for the appropriate licenses and permits to own and operate their business.
Tax IDs & Business Insurance
Once you’ve established your business structure and understand how to organize your company, you need to apply for federal and state tax ID numbers so that you can file and document business expenses each year. Each of these factors is vital to successfully and legally operating your business. Setting up federal and state tax IDs allows you to open your own business bank account and often opens doors for small business loans, business-only financing options, and more. Additionally, businesses must have state and federal tax IDs in order to file taxes each year. We help our clients determine what numbers they need to register as part of starting their business.
Creating Business Contracts
Business contracts are essential when working with external clients, contractors, hiring employees, and handling other sensitive situations. Unfortunately, many business owners create contracts with clients that don’t hold up in court for a variety of reasons. Working with a business lawyer helps ensure contracts are legally binding. We regularly work with our clients to help them develop high-quality contracts that cover legal protections, third-party obligations, and more.
There are many legal considerations business owners must take when planning to open their own business. However, we understand that most business owners aren’t business lawyers, and we are here to help. We work with our clients through every step of the business formation and organization process, starting with determining the best business structure for your company and helping overcome any potential legal issues you may encounter as a business owner. Ultimately, we aim to help our clients successfully operate a business, take advantage of the benefits various business formations offer, and ensure they receive the legal protections they’re entitled to as business owners.
Reach Out to Us
We have served dozens of clients in Evansville, Indiana, as their trusted business formation and organization lawyer. We work with our clients to help them evaluate their own needs and develop a business organizational structure that helps them achieve their long-term goals. Additionally, we are here to answer any questions our clients have about business law and help guide them through the process of owning and maintaining their own businesses. While we are in Evansville, Indiana, we also serve clients in Newburgh, Boonville, Mount Vernon, and Princeton.