Speaking to a Lawyer for a Startup

Answer:

As a proficient Delaware County Business Lawyer, clients come to me all the time with questions about when to speak to a lawyer if you just started a business.

If you’re starting a business I think the first professional you should retain, is actually your accountant. That will get you off on a good financial footing as far as your financial records are concerned, making sure you’re organized about that aspect of your business. It also makes sure that you don’t get caught short regarding your tax liabilities.

The mistake we see new businesses make repetitively is they will forget that the gross amount that they’re earning is all taxable and don’t make proper reservations for the tax they have to pay. I suggest the first thing you do is get a competent accountant.

You should also start a relationship with an attorney at the point where you are dealing with legal considerations. That may be very early on, because most businesses have to get the proper licensing, such as a business privilege license. You may also have a lease or purchase contract where you’re buying space. When you’re looking at those types of legal documents or perhaps loan documents with a startup line of credit, you should have an attorney to give you advice and review documents for you.

This educational blog was brought to you by experienced Business Attorney Edward L. Perkins. Our law firm proudly represents clients throughout Delaware County, as well as Pennsylvania, the greater Philadelphia area, Delaware and New Jersey.

If you have any questions regarding when to speak to a lawyer when starting a business, please contact our Delaware County Business Lawyers for a free case evaluation. Let our knowledge work for you.