If you have decided to start your own business, you’ve obviously done plenty of research and spoken with a host of different professionals. Opening a business, no matter the industry, can be challenging and stressful. There’s so much to get done before you can begin operations and it just doesn’t end there. A smart move to make is to partner with an attorney in Cleveland when opening a business.
If your company is operating as a corporation, you will absolutely need an attorney to work with on a regular basis. From incorporating your business to meeting the legal requirements annually, a business attorney can help with all of this. You will need to hold shareholder meetings, partner meetings and director meetings. All of the minutes for these meetings must be recorded and elections must be held according to state laws.
Depending on the type of company you run, an attorney will be able to help you with employment agreements. These are incredibly important for all types of company, but they hold a lot more weight when it comes to technology companies. These companies consider the ideas of their employees some of their most valuable assets.
Working with a business attorney is also important when dealing with buy-sell agreements. These agreements are typically put to use when a shareholder decides to leave the company. The agreement ensures that the stake in the company can be sold without much legal interference.
Having a trusted attorney by your side while running a business can make the most difficult situations and decisions much easier for your company. Take note of the ways an attorney can help your business.
Source: Findlaw, “How a Lawyer Can Help Your Business,” accessed Nov. 02, 2017