Full-Service Legal Solutions For Businesses
At Gudeman & Associates, P.C., we have some of southeast Michigan’s most experienced business law attorneys, and we have helped thousands of clients throughout Macomb, Oakland and Wayne counties. We look forward to serving you.
In our decades of combined experience, our team has guided Michigan businesses through every phase of operations, from initial planning to succession or sale. Our services for businesses include:
- Crafting strong business plans that set out a roadmap for success and compliance
- Facilitating transactions and contracts that protect your interests
- Identifying and pursuing financing options, including SBA loans and others
- Recommending and drafting appropriate agreements, including buy-sell agreements, LLC operating agreements and shareholder agreements to minimize conflict and litigation
- Providing strategic advice about how to minimize potentially costly and disruptive legal disputes
Benefits Of Having An Attorney Help With Business Planning
So you’re ready to start a business. Now that you have an idea of what you want to do, the question is “how would you do it?”
The planning phase is one of the most important parts of starting a business. A business plan ensures that your whole enterprise won’t go down in flames as soon as you launch it. It provides a roadmap towards your end goal, no matter how small or big your business is.
Perhaps you already know that you’ll need an accountant to help you get started. But did you know that having an attorney is just as essential when it comes to business planning?
Hiring a business attorney is not something that immediately occurs to beginning entrepreneurs. Chances are, they won’t even think about hiring a lawyer until they’re being sued. But hiring a business lawyer is something you should prioritize so you could avoid a lot of pitfalls that most other business owners get into.
It’s better to avoid these legal troubles entirely instead of having to deal with them once the damage has been done. Here are some of the benefits of working with an attorney during the business planning phase.
Looking Over Your Legal Documents
When you’re starting a business, you need to process certain legal documents. The kind of legal documents may depend on the kind of business you are starting, be it a sole proprietorship, a partnership, or a small corporation.
For example, if you’re purchasing property for your new business, you may need some help with the sale and the sale documents.
Somewhere down the line, you may need estate planning documents, partnership agreements, or incorporation documents. A small business lawyer can help you set it up neatly.
Your Business Concerns, Clarified
Business planning is tricky enough even without taking into consideration the legal aspect of it all. With a business attorney on board, you can discuss all your concerns and ask them all the necessary questions.
Ask them what kind of taxes you will have to pay and how you could do that. Ask about legal documents, copyrights, patents, etc. If you have a new product or an invention that needs to be patented for protection, you can ask them how to do that as well.
You may want to find out how hiring employees works. Or you may need assistance drafting contracts or employee handbooks. How does business insurance work? Do you need to provide health insurance and bonuses? These are some of the questions you may want to ask your business attorney.
A business lawyer can give you sound advice and tips on how to run a business smoothly. This way, you’ll avoid getting sued over something unexpected, and you won’t have to go to court. There are all kinds of trouble you can avoid by simply planning ahead and having someone’s expert opinion as your guideline.