A Business Lawyer Memphis, TN Answers FAQ on Starting a New Business

Business lawyer Memphis, TNStarting a new company is an exciting endeavor but there are many things to consider. At Wiseman Bray PLLC, we have helped many young companies in Memphis, TN get their start. Our business law attorney can assist you from the very start, and make sure that you have the information you need to make informed decisions. We offer a wide range of business legal services at our firm. Call us today to learn how our business law attorney can be of assistance. Here are some of the most important legal considerations when starting a new company:

Determine the Best Legal Structure for Your Business
There are four main types of legal structures from which to choose, and each has their pros and cons. A business lawyer Memphis, TN trusts from Wiseman Bray PLLC can review the details of your planned company and provide guidance as to which structure may work best for your needs. The number of owners your company will have, the amount of protection you’ll need from personal liability, and taxation considerations will likely influence your decision. Based on that information, your lawyer in Memphis, TN may suggest one of the following legal structures for your business:
  1. Sole Proprietorship
  2. Limited Liability Company (LLC)
  3. C Corporation
  4. S Corporation

Choose a Name for Your Business
Though you may already have a name for your business in mind, it’s important to consider the legal aspects and whether or not a particular name is a good choice. To minimize confusion with other companies, the name should be unique. At the same time, it should be easy to remember and easy for customers to spell when searching for it online. Additional considerations that your business lawyer may point out include:
  • Does the name reflect the nature of your business?
  • Is there a website domain name available that is at least close to your business name choice? If so, register the domain as soon as possible before someone else takes it first.
  • If you create a corporation or LLC structure, is your proposed name available after searching the online database for your Secretary of State’s corporate filing office.

Prepare the Paperwork for Creating Your Business Structure
With the assistance of your business lawyer, you will need to prepare the necessary paperwork to make your new company official. Your Memphis, TN lawyer will advise you as to what documents must be completed and can file them on your behalf with the appropriate agencies. Depending on the structure of your new company, you may need a business buyout agreement, corporate articles and bylaws, employee contracts, and non-disclosure agreements.

Contact a Business Lawyer Memphis, TN Clients Recommend
Get your new business started on the right foot with the help of Wiseman Bray PLLC. Call us to schedule a consultation with an experienced business lawyer who can protect your best interests and help you prepare for your company’s future.