This is a common question posed by founders of a business; usually at a time when money is tight and funds are dedicated to making the organization successful.
What many new owners do not realize is that success starts with the proper legal infrastructure. Unless you have the proper background, you may miss key issues that expose your venture to risk. The costs of litigation, regulatory non-compliance, and clearing up mistakes can be devastating.
Instead of seeing legal costs as a burden, a more accurate, practical view is to consider hiring a business formation attorney as an investment in your venture’s future. You cannot afford an incomplete organization process, insufficient documentation, or overlooked provisions in vital agreements. Even if errors do not immediately impact your company, they may in the future if you try to attract outside investment, want to sell, or develop a dispute with a stakeholder.
Though online incorporation services are attractive due to their low cost, you should bear in mind that these websites are not a substitute for advice from an experienced, licensed attorney. The money you save will be lost if you become embroiled in a lawsuit or dispute that result from an improper or incomplete business formation process.
If you have already started forming an entity, in Florida, it’s not too late to take advantage of the benefits that solid legal representation can offer. Our business organization attorneys at Walsh Banks Law have stepped in for many clients who have initiated the formation process but did not complete it.
We can also review your completed formation documents, offer recommendations where appropriate, and clear up any key errors. Though we cannot take responsibility for procedural issues or previously filed documents, our lawyers will obtain the most favorable outcome for your company to move forward on solid footing.