Forming a corporation is like buying a suit — it’s not one-size-fits-all. When you are forming a company, every situation is different. Your operating model must be specifically tailored to meet the goals of your business, and you should not rely on cookie-cutter platforms found on the internet that will not advise you on what you need. A skillful business law attorney with extensive experience in corporate formation can help you find the form of entity that suits you best.
Although every company has different needs, there are a few attributes that every good business attorney should have. Here’s what to look for in an attorney to help you form your company:
1. An Attorney Who Knows How to Provide Customized Business Solutions
As a business owner, your focus should be on your company. While you do not have time to think about the legal details that could have serious long-term implications, a business attorney will know how to provide the solutions you need. A business attorney can evaluate your company and structure it in a way that limits liability, reduces tax consequences, and protects your bottom line. Avoid using boilerplate documents and do-it-yourself platforms that cannot meet the unique needs of your company.
2. An Attorney Who Listens to You and Takes the Time to Understand Your Goals
A good business lawyer will be client-focused, listen to your needs, and address your concerns. — A good attorney will not simply tell you what you want to hear. You need an attorney by your side who will take the time to discuss your goals in the short term and for the future. A good attorney will not only give you strategic guidance and help you reach your goals, but they will also listen effectively to provide you with the advice you need. Select an attorney who you feel comfortable speaking with and have confidence in.
3. An Attorney Who is in it for the Long Haul
Starting a business isn’t a one-time event – the starting of an enterprise is a journey, and you will need an attorney in it for the long haul. A business attorney can help you with many legal needs beyond corporate formation. They can advise you regarding legal and regulatory compliance, represent your interests in any lawsuits, draft and review contracts, and provide solid counsel every step of the way. Choose an attorney willing to work with you on an ongoing basis throughout the lifespan of your company and is committed to your success.
4. An Attorney Who is Humble
No matter how much experience they may have, a business attorney may not always have all the answers. You need an attorney who is humble — he or she knows what they know and is not afraid to tell you what they do not know. However, they should have the resources to obtain the information to provide the solution.
Contact an Experienced New York Business Law Attorney
If you are forming a business, having knowledgeable counsel by your side is critical to its success. Offering dedicated representation and high-quality legal services, Brinen & Associates advises clients regarding a wide variety of business matters, including those involving corporate formation. Call (212) 330-8151 or send us a message to learn more about how we can assist you.