I have been practicing law in Massachusetts for over fifteen years.  In that time I have had quite a few entrepreneurs hire me to represent them in lawsuits, or prepare their personal or business bankruptcy.  Typically, they all had one thing in common…their legal problem could have been avoided if they had consulted with an attorney before they went into business.  Starting a successful business starts with building a strong foundation.  The first step of building your business foundation should be selecting the proper business structure.

An Ounce of Prevention is Worth a Pound of Cure

With so many options, LLC, LLP, Inc., PC, and so on…the decision on the proper structure to use can be daunting.  Chose the right structure, and you can reduce your taxes and overhead and protect yourself from personal liability if the business is sued.   Choosing the right structure is as easy as consulting with an experienced business attorney.  Once you consult with an attorney, they will ask a few questions and will advise you which structure will be the best for you, based on your type of business and your future goals.  Then, once the proper structure is selected, your business attorney can draft all the proper legal formation documents that will not just serve you today, but grow with your business and protect you in the future.

You have no idea how many times I have consulted with a business owner who was getting sued, or wanted to sue their partner(s), only to find out that the proper documents weren’t prepared, or essential elements were missing.  The end result is the same….costly litigation that costs thousands of dollars.

Why You Should Never Draft Your Own Legal Documents

Trying to save money and do it yourself?  I will let you in on a secret…..trial lawyers who do business litigation (myself included) love business owners who do it themselves.  Why?  Because, I can make more money representing you in a lawsuit that I can setting up your business the right way.  Chances are, a properly organized business can avoid litigation between partners, and can protect a business owner’s personal assets.  Typical business litigation cost each party, on average, more than $30,000 vs. a few hundred dollars to properly set up set up a corporation, or LLC.

Intangibles of Hiring an Attorney to Start Your Business

Not only have I been helping small businesses for over fifteen years, but Grantham Law, LLC is a small business.  I have gained a lot of knowledge and experience that I am glad to share with you and help you succeed.  Not only can I help you with your legal documents; but, I can tell you why you shouldn’t classify your employee as a contractor.  I can explain what to expect when you are preparing your taxes, and refer you to a qualified accountant.  I can show you how Quickbooks can help you with billing, payroll, and bookkeeping, and then refer you to someone who can help you set up Quickbooks and then teach you to use it.

Conclusion

The fact that you have decided to go into business yourself shows you are willing to take a chance and build something.  You will put your heart and soul into your business and will be rewarded as it grows.  Contact Grantham Law, LLC to draft your business’ startup document and make sure your business starts out on the right foundation.