The Importance of Seeking Out Business Advice for Small Business Owners
When you’re opening up your new business in California, there are a number of regulations you have to abide by. This includes following employment laws, getting insurance, properly setting up your business structure, and much more. It’s important to seek out business advice if you’re a small business owner prior to opening up shop and afterwards, when your business is actually up and running.
The Law Offices of Robin D. Perry & Associates provide vigorous representation to clients and are a goal-oriented and values-driven firm. We develop creative strategies to win every case, every time and are confident we can help you with your small business. Reach out to us today to schedule a consultation.
The Importance of a Small Business Advisor
It’s critical to consult with a legal small business advisor before starting your business and after you open it for a number of different reasons. You may have never started a business before or, even if you did, the regulations and rules may have changed. The right legal business advisor can assist you with setting up the logistics of your business so you can focus on serving your customers and clients. They will make sure that nothing falls through the cracks.
Starting a business already takes a ton of time and energy, and you don’t want to get wrapped up in the legalities of everything. Otherwise, you might never open your doors because it all seems so complicated. The truth is, it doesn’t have to be. You can hand over many of the responsibilities to your legal small business advisor and have peace of mind that they’re taking care of all the necessary paperwork and steps that need to be taken so that everything runs smoothly.
What to Look for in a Small Business Advisor
When searching for a legal small business advisor, aim to find someone who has experience working with other small businesses, especially those in your niche. The more knowledge they have about your industry, the better.
Also, find someone who has positive reviews from past clients. This is a true testament to their skills. It’s one thing for the advisor to tell you they are good at their job; it’s another thing to see the proof in the form of these positive reviews.
You should also make sure that this advisor is available for the long term. Working with the same person overtime is going to make things a lot simpler for you. Some advisors may only help with setting up your business, but you need someone you can call on whenever you need help or have a question.
Ask this person about their fees, too. Even if they seem expensive, they could be saving you a lot of money in the long run. If you just choose someone based on how much money their services are going to cost, you could wind up hurting your chances of success with your business. Always weigh fees and experience when deciding whom to hire.
To find a small business advisor, you could ask your family members, friends, and colleagues for referrals. If they don’t know anyone, then turn to Google for help. Search for advisors that have those necessary skills and good client reviews to back up their work. Then, reach out to a few, schedule meetings, and decide based on those meetings if they are the right advisor for you.
Now, here are some of the practical ways that your legal small business advisor could assist you.
They’ll Set Up Your Business Type
When you’re starting your business, you need to choose the ideal structure. This is going to depend on how many people are involved with your venture – for example, if you have a partner – and how you want to pay taxes at tax time. You could keep it simple with a limited liability corporation, also known as an LLC, or form a limited partnership, limited liability partnership, S Corp, or more. Setting up the structure can take time and if you choose the wrong type, you could end up paying more in taxes than necessary. It’s certainly worth it to contact a legal small business advisor for this aspect of setting up your business.
They’ll Help With Employment Concerns
If you are working alone and not hiring any employees, then you won’t have to deal with the legalities of hiring workers. But if you plan on hiring anyone, even one person, then it’s important to call up a small business advisor. They can talk to you about how crucial it is to create employee handbooks that detail all your policies, and help you come up with employee agreements. They will also make sure that you’re fully compliant with employment laws and Occupational Safety and Health Administration (OSHA) standards, as well as Family and Medical Leave Act (FMLA) regulations. If you don’t hire an advisor to help you with these areas, then you are going to be much more vulnerable to lawsuits.
They Will Conduct Workplace Investigations
If there are any allegations of harassment, discrimination, a hostile work environment, or other issues, then your advisor can come in and conduct an investigation to determine what’s really happening. They can advise your HR department on what to do during this time and tell you what you can expect to happen in a court of law. They may be able to offer you advice on settling with the plaintiffs instead of letting the case go to court as well. And, of course, they’ll tell you what to do to avoid further lawsuits.
They’ll Write Up Contracts
You’re going to need contacts written up so you have solid agreements with your employees, clients, partners, and vendors. A well-written agreement will protect you and reduce your chances of getting sued. They will ensure that these contracts are enforceable and will absolutely hold up in a court of law if any issues come up.
They Can Help With Any Other Legal Problems
Your legal small business advisor can be on call when you need to discuss any other relevant legal problems that are occurring. They can also anticipate your needs so that you can avoid costly lawsuits that could potentially present themselves.
Contact Robin D. Perry & Associates
If you’re opening up a business and need advice, or you already have one and you need help, then it’s worth it to find a legal small business advisor. Get in touch with the Law Offices of Robin D. Perry & Associates now. Call us at 562-216-2944 or contact us on our website for a free consultation.