How General Counsel Can Help the Formation Process of a Business

 Posted on September 20, 2023 in Business and Commercial Law

Forming a new business involves navigating a complex legal landscape, and seeking the assistance of a general counsel during the formation process can be invaluable. If you are looking to start a business, contact a lawyer to ensure that all proper protocol is followed during the formation process. There are some people out there who may be inclined to start their business on their own instead of hiring a legal professional as a way of saving money. This logic is misguided, as forming a business without the legal assistance of an attorney can prove catastrophic in ensuring that everything about your business is in accordance with the law. 

Three Ways a General Counsel Can Help You Form Your Business

1. Legal structure and entity – Choosing the proper legal structure for your business is crucial. General counsel can help you understand the different options available, such as sole proprietorship, partnership, limited liability company (LLC), or corporation. They will guide you through the process of entity formation, ensuring compliance with Texas law, drafting necessary documents, and filing registration forms. General counsel can also provide insights into the benefits and limitations of each structure, helping you make an informed decision that aligns with your business goals. 
2. Regulatory compliance – Complying with various regulations and legal requirements is essential for any business. General counsel can assist in identifying the applicable laws and regulations specific to your industry and location. They will help you establish internal policies and procedures that align with regulatory guidelines, reducing the risk of non-compliance and potential legal issues. General counsel can also provide ongoing advice and guidance to ensure your business remains compliant as regulations evolve.
3. Contracts and agreements – Drafting and negotiating contracts is a critical aspect of starting a business. General counsel can help you create legally binding agreements tailored to your specific needs, such as client contracts, partnership agreements, employment contracts, and vendor agreements. They will ensure that your interests are protected, minimize potential risks, and provide guidance on contract negotiation and enforcement. General counsel can also review contracts presented to your business, ensuring you fully understand the terms and implications before signing. 

Contact Hood County General Counsel Lawyer 

During the formation process of a business, the general counsel plays a vital role in establishing a solid legal foundation. Contact the skilled Tarrant County general counsel attorneys with Cain & Kiel Law for legal assistance in forming your business. Call 817-645-1717 for a private consultation.