Starting a new business? Here are 7 reasons why you need to hire a Business lawyer

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Starting a new business? Here are 7 reasons why
you need to hire a Business lawyer
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(No Transcript)
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Starting a business can be challenging and
confusing. One has to consider many factors
together. Having decided what kind of business
one wants to do the next step would be to
determine what type of entity one wants to form.
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For doing all the necessary paperwork and legal
and regulatory compliances, one needs the help of
a Business lawyer. Here are 7 reasons why you
need a Business lawyer in Toronto at the time of
starting a new business.
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• Business Formation   Deciding on the entity like
  whether to have a Limited Liability Partnership (L
  LP), Partnership, Corporation, or Limited
  Liability Company (LLC),

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a Business lawyer will help you to decide the
most suitable entity for you based on your
preferences and legal requirements and the type
of business you intend to start.
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• Statutory issues The business lawyer will help
  you prepare the required paperwork to make the
  formation a success. Getting the required license
  is mandatory only in specific categories of
  business. 

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Also, it is different from registration. Getting
the application process completed, along with
completing the notarization of the copy of the
registration is handled by the lawyer, is vital.
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• Legal issues The business community has never
  been able to avoid any major legal incidences.
  This means that the business you are starting is
  also is not exempted from litigations
  and lawsuits from associates and customers.

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• Tax issues Knowing the prevailing tax laws and
  the obligations the new business might have is
  critical to the profitability of the business.
  With a business lawyer by your side, you will
  feel secure and confident to tackle any issue
  that might crop up.

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• Copyright and Trademark protection As a startup
  business, you need to make your business entity
  relevant. As the owner of your business, you need
  to protect your name, logo and brand from rivals
  and competitors.

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A business lawyer has the necessary knowledge and
expertise to help you obtain copyright and
federal trademark from the concerned authorities.
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• Employment Agreements One of the most critical
  parts of running a business is human resources.
  Hiring manpower and getting the employee contract
  signed is a legal process and therefore a
  business lawyer will help in drafting employee
  contract agreements.

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• Finding Office Space Getting a real estate space
  may require the help of a business lawyer for the
  identification and drafting of tenancy agreements
  on equal terms.

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• Conclusion Hiring and working with a business
  lawyer in Toronto is not easy, especially if you
  have no experience. However, with the right
  attorney by your side, you can expect to be
  appropriately guided.

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ere-are-7-reasons-why-you-need-to-hire-a-business-
lawyer/
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