It may seem surprisingly easy to start a business in Virginia but it’s important to do so in a way that protects you. So, if you ask, “do I need a lawyer to start a business in Virginia?” Technically, no. But is it a smart move that will save you trouble later? Absolutely.
Benefits of Hiring a Lawyer
If you choose an attorney that has already helped start several businesses over their career, he/she has a wealth of knowledge and experience to offer. They will know the tips and tricks to help you start off on the right foot and avoid common pitfalls.
Navigating Legal Structure
When starting a business in Virginia you must choose a legal structure under which to operate. While the “default” is a sole proprietorship, this may not be the best choice for you.
Many small business owners choose a limited liability company for a variety of tax and liability reasons, or if they have started as a sole proprietorship, they often convert to LLC. Your business attorney can help you navigate these choices.
Registration Requirements
An attorney can help ensure that your business qualifies for the business type you choose and meet necessary state filing requirements. One missed item could cause weeks of delay for your registration so it’s important to have everything correct before submitting your documents.
Necessary Documents
An Attorney can also help with documents such as drafting an operating agreement for your LLC or By-Laws for your corporation. While an LLC Operating Agreement is not always required for LLCs in Virginia, it is highly recommended to have one. Like By-Laws (which are required) an Operating Agreement sets forth how your business will run.
Additionally, your attorney can help you apply for your small business license, which may involve permits, licenses, and other certifications. They can also help ensure that your business complies with the various local, state, and federal rules.
Growing Your Business
As your business grows, it becomes more and more important to ensure that your business is running smoothly and following all the rules. An attorney can help you protect your business against litigation, register your federal trademarks, drafting contracts, company policies and employee handbooks, and giving advice on hiring, firing, or other day-to-day matters that affect your business.
Small Business Attorney in Virginia
Whether you are just getting started or looking to protect your growing business, having a small business attorney is a smart move. Contact Cook, Craig, Francuzenko to speak to an experienced small business attorney.
