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How soon should I hire a business lawyer?

Legal Information

If you’re the owner of a small business, or are about to embark down this exciting path, you may be wondering when you should consult a business law lawyer in Rockville, MD. The short answer is that it depends on several factors, but as a general rule, it’s never too early. A knowledgeable business lawyer can provide invaluable guidance that may prevent you from making costly mistakes that are difficult or impossible to reverse. It’s also important to keep in mind that after the initial work is completed by your attorney, they are available for follow up consultations whenever it may be of benefit to you and your company. 

Do you need a business lawyer for all legal matters? Depending on your experience and comfort level, probably not. Here are some general guidelines to provide you with some clarity. But don’t hesitate to give us a call about any of your concerns and learn how we may be of assistance to you. 

What legal matters can I handle myself? 

Again, this will depend on your experience with legal matters and your confidence level. However, in the interest of saving money by not having to hire a business lawyer for every situation, some issues are more straightforward than others. Simply preparing the groundwork in advance of meeting with your business lawyer can save your company in expenses.

Here are some things that you may be able to handle yourself, with or without some support from online resources or printed reference materials.

  • Create a list of possible names for your new company if you have not already chosen one and trademarked it. Though you are not required to trademark your company’s name, it’s one way to protect it. Talk to a business lawyer to find out more about this process and other ways you can protect your firm.
  • Write a business plan to document your company’s goals, how you anticipate reaching them, and timelines with anticipated milestones. To learn more about how a business lawyer can help you develop a business plan, give us a call.
  • Choose a domain name for your company website and reserve it. There are many companies online that specialize in reserving website domains.
  • Determine the structure for forming your new company. Whether you intend to establish a sole proprietorship, a limited liability company (LLC), or another type, it’s important to understand the advantages and disadvantages of each. A Rockville, MD business law lawyer like the ones at the Law Office of Daniel Wright can explain the finer points to you as well as provide an overview of the potential tax ramifications of each type. They can also draw up the paperwork for your company.
  • Apply for the appropriate permits and licenses for your company in advance of doing business. If you are uncertain as to which ones are required in your situation, a business lawyer can review your circumstances and provide guidance.

These, and other important preparation work for starting your new company may be easily accomplished by you without the help of a law firm. However, know that we are here for you and have served the Maryland and Washington, D.C. communities for over 35 years. If you are in need of a skilled Rockville, MD business law lawyer, give us a call today to learn how we can help you.