Are there certain things I should consider before meeting with a business formation attorney?

A:

Although a business formation attorney in Texas can help you from the ground up in starting your company, there are some things you may want to consider and ask yourself so that you can make sure an attorney gets your vision and knows what you have in mind. Some questions to ask yourself and be prepared to discuss with a lawyer include:

• What kind of business are you starting?
• Will your business be offering products or services?
• What makes your product or services different from what is currently in the market?
• Who is your ideal client?
• Who are your ideal employees? How many employees do you need?
• How much money do you need to get started?
• Do you need a loan? Do you have investors?
• Where will your business be located?
• How will you manage your business?
• How does the legal structure of your business need to be set up?

There are many more questions you can ask yourself, but that’s what an attorney is for—to help you plan, prepare, and form your company in the right way. Having a vision and writing a business plan prior to seeing an attorney is key. A lawyer can help you make key financial decisions, help you determine the legal structure of your business (partnership, LLC, S Corp., etc.), register your business name with the state government, file to get a tax identification number from the IRS, register for state and local taxes, make sure you have necessary insurance, and much more.

The Posey Law Firm can help you become a more productive entrepreneur by helping you with your business creation needs and the legal aspects of starting a business so that you can focus your energy on what you do best. Call an experienced Austin business lawyer at the Posey Law Firm, toll-free at 888-269-1962 or locally at 512-646-0828 to schedule a consultation.

Jake Posey [email protected]

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