Starting a business is an exciting venture, but it can also be overwhelming if you are new to the world of entrepreneurship. You may not know where to begin, or you may fear making mistakes in the process. Maybe you do not understand all the legal terms involved and want advice on how to proceed. For any of these reasons, seeking assistance from a business attorney is a wise idea. However, what actions absolutely require legal services? Do you need an attorney to form an LLC business?
Regulations on LLC Formation
The law does not demand that you have an attorney help you set up your business structure. The choice is completely up to you. If you do not want to do the work and do not mind the cost, an attorney can complete the process for you. Otherwise, you can do it on your own online.
GovDocFiling makes forming an LLC quick and easy. We also provide an online EIN application for obtaining your company’s federal tax ID. These steps are not complicated, so doing them by yourself through online forms can save you time and money.
Benefits of an Attorney for Business Operations
Just because you do not need an attorney to establish your LLC does not mean using one would not be beneficial in other ways. Business owners face a high risk of litigation from employees, clients, shareholders, and other companies. An attorney can help you create solid contracts to prevent lawsuits and can defend you if someone sues you.
Running an LLC also entails following numerous federal and state regulations, and an attorney can ensure you comply to all of them. He or she can also advise you on matters regarding expansion and changes in structure.
Legal services are not necessary for every business interaction, but they can definitely offer your LLC protection in many areas. For the simple stuff, use GovDocFiling to help you in filing your entity to managing payroll.