Starting a business is an exciting process, but it’s also filled with complicated laws and requirements. You’ll want to know that your business is protected and that it meets all of Missouri’s tax and employment laws. It’s also important to draft professional contracts with your suppliers and business partners so the company won’t be impacted if something goes wrong down the road.
For these reasons, it’s always recommended that you hire a startup business attorney right away. We can make the experience smoother and allow you to focus on building your business. If you need legal advice for your Missouri startup, call Wallach & Associates, P.C. today. We’ve served the communities of St. Louis, Chesterfield, and Maryland Heights for years, and we know how to start your business on the right path.
How a Lawyer Can Help You Start an LLC
When you’re just getting started, choosing the right legal structure for your business is important. The ideal option for a small to medium-sized company in Missouri is a Limited Liability Company (LLC). As an LLC, your company will enjoy a more flexible management structure, which is ideal for family businesses and ones owned by friends. You’ll also be entered into a pass-through taxation plan by default, so your profits and losses will be “passed through” to your personal tax returns. This avoids the far more complicated and expensive taxes that large corporations are usually required to pay.
Setting up your LLC in Missouri involves filing the Articles of Organization paperwork with the Secretary of State and paying the required fee. An LLC enjoys many legal benefits, but you’ll still be expected to maintain good standing with the state and submit annual reports with relevant fees.
Hiring one of our business and real estate attorneys early on can leave you free to focus on what matters most to your company. We can keep you legally compliant while you work on making your business grow.
How a Lawyer Can Help You With Business Contracts
No matter what your business does, you will need to draft contract deals to thrive. You’ll need to make deals with partners and suppliers, and you’ll want to set standards for employees or vendors. These contracts are legally binding, and they need to include instructions for when something goes wrong. If contracts are written using unclear or ambiguous language, they can lead to misunderstandings and disagreements.
When these issues come up, the contracts should also outline what each party has to do next. Good agreements often require both parties to seek professional mediation before their business deal can end. A business lawyer can help you create fair contracts with clear language that protects your business from unforeseen circumstances. We will also review any contracts other companies will need you to sign so you know everything that you’re agreeing to.
Call Wallach & Associates, P.C. For Your Startup Business Needs
At Wallach & Associates, P.C., we provide comprehensive real estate and business law attorney services to all the aspiring business owners in our community. We have offices in St. Louis, Chesterfield, and Maryland Heights, and we can offer you personalized advice unique to your location. Call us today at (314) 308-2900.
