If you are looking to start a business, you must be asking yourself what kind of a lawyer you need to start your business. Generally speaking, lawyers which focus on business law, corporate law, and startup law will be able to assist you in starting up of your business. It is important to ask your lawyer certain questions to ensure that he or she is qualified to assist you with the organization of your business. The below is a non-exhaustive list of things to keep in mind and ask your lawyer regarding your new business.
Do you have experience with managing the ongoing needs of business?
As you know, organization of a business is an early stage. Following this, a business may go through many stages of growth. Due to this, the needs of a business are constantly changing and are dynamic. Experienced lawyers must be able to keep pace with the growing needs of a business and as such, you must ensure that your lawyer is not only able to assist you with the organization of your business but is also able to assist with the ongoing and growing legal needs relating to your business.
Do you recommend a sole proprietorship or corporation or other business structure?
Your lawyer should be able to advise you on how you should structure your new business, this includes the decision between commencing your business as a sole proprietorship or corporation. He or she should be able to explain to you the benefits and drawbacks of either structure and advise you which one is suitable for you. In addition to this, your lawyer should be able to advise you on related matters such as name protection under each business structure.
Please do keep in mind that in addition to organizing or setting up your business you may have other legal needs which tie in directly to this. For example, for extra name or brand protection you may need to file a trademark. There are specialized lawyers which assist with trademark matters and as such, your lawyer may recommend you seek the advice of a specialized lawyer experienced in trademark matters.
For any questions about setting up a new business or finding the appropriate lawyer for your new business, feel free to contact our team at info@falconlawyers.ca.
Raz Toor, Lawyer
April 22, 2022
