20 Questions

Questions to Ask an Attorney When Starting a Business

Essential questions to ensure you receive proper legal guidance, protect your business interests, and make informed decisions about your new business venture.

1

What type of business entity should I choose and what are the legal implications?

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Why this works

Business structure affects liability, taxes, and operations. Understanding options helps you choose the best entity type for your specific needs and goals.

2

What are the licensing and permit requirements for my type of business?

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Why this works

Proper licensing is crucial for legal operation. Understanding requirements helps you ensure compliance and avoid potential legal problems.

3

How do I protect my intellectual property and business ideas?

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Why this works

Intellectual property protection is crucial for business success. Understanding your options helps you safeguard your ideas and competitive advantages.

4

What contracts do I need for my business operations?

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Why this works

Contracts protect your business interests and define relationships. Understanding required contracts helps you establish proper legal frameworks.

5

How do I handle employment law and hiring employees?

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Why this works

Employment law compliance is crucial for business operations. Understanding requirements helps you avoid legal problems and protect your business.

6

What are the tax implications of my business structure and operations?

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Why this works

Tax planning is important for business success. Understanding implications helps you make informed decisions and avoid tax problems.

7

How do I protect my personal assets from business liabilities?

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Why this works

Asset protection is crucial for personal financial security. Understanding strategies helps you separate personal and business assets.

8

What insurance coverage do I need for my business?

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Why this works

Insurance protects your business from various risks. Understanding coverage options helps you choose appropriate protection for your needs.

9

How do I handle business disputes and what are my legal options?

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Why this works

Dispute resolution is important for business operations. Understanding options helps you handle conflicts effectively and protect your interests.

10

What are the legal requirements for raising capital and investors?

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Why this works

Capital raising involves complex legal requirements. Understanding regulations helps you comply with laws and protect your business interests.

11

How do I handle business partnerships and shareholder agreements?

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Why this works

Partnership agreements define business relationships. Understanding requirements helps you establish clear expectations and protect your interests.

12

What are the legal implications of operating in different states or countries?

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Why this works

Multi-jurisdictional operations involve complex legal requirements. Understanding implications helps you comply with all applicable laws.

13

How do I handle business dissolution and exit strategies?

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Why this works

Exit planning is important for business success. Understanding options helps you plan for various scenarios and protect your interests.

14

What are the legal requirements for data protection and privacy?

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Why this works

Data protection laws are increasingly important. Understanding requirements helps you comply with regulations and protect customer information.

15

How do I handle business compliance and regulatory requirements?

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Why this works

Compliance is crucial for business operations. Understanding requirements helps you avoid legal problems and maintain good standing.

16

What are the legal implications of business mergers and acquisitions?

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Why this works

M&A transactions involve complex legal requirements. Understanding implications helps you navigate these processes effectively.

17

How do I handle business succession planning and estate planning?

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Why this works

Succession planning ensures business continuity. Understanding options helps you plan for the future and protect your business interests.

18

What are the legal requirements for business contracts and agreements?

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Why this works

Contract law is crucial for business operations. Understanding requirements helps you create enforceable agreements and protect your interests.

19

How do I handle business litigation and legal disputes?

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Why this works

Litigation can be costly and time-consuming. Understanding options helps you handle disputes effectively and protect your business interests.

20

What ongoing legal support do you provide for business operations?

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Why this works

Ongoing legal support is important for business success. Understanding available services helps you plan for long-term legal needs.

Business Legal Planning Guide

Expert tips and techniques for getting the most out of these questions.

Legal Planning Best Practices

Start Early

Begin legal planning before starting your business. Early planning helps you avoid problems and establish proper legal frameworks from the beginning.

Understand Your Options

Ask about different approaches and their implications. Understanding options helps you make informed decisions about your business structure and operations.

Plan for the Future

Consider long-term legal needs and exit strategies. Planning ahead helps you avoid problems and protect your business interests over time.

Question Sequences

The Business Structure Series

1
What type of business entity should I choose and what are the legal implications?
2
How do I protect my personal assets from business liabilities?
3
What are the tax implications of my business structure and operations?
4
What are the legal requirements for business partnerships and shareholder agreements?

The Compliance Series

1
What are the licensing and permit requirements for my type of business?
2
What are the legal requirements for data protection and privacy?
3
How do I handle business compliance and regulatory requirements?
4
What are the legal requirements for business contracts and agreements?

Common Pitfalls

Don't Skip Legal Planning

Avoid starting your business without proper legal planning. Legal issues can be costly and time-consuming to resolve later.

Avoid DIY Legal Work

Don't attempt complex legal work without professional help. Legal mistakes can be costly and may not be easily corrected.

Don't Ignore Ongoing Legal Needs

Legal needs don't end after business formation. Plan for ongoing legal support and compliance to protect your business interests.

Legal Planning Templates

The Business Structure Assessment

1
Step 1: Start with: "What type of business entity should I choose and what are the legal implications?"
2
Step 2: Follow with: "How do I protect my personal assets from business liabilities?"
3
Step 3: Explore with: "What are the tax implications of my business structure and operations?"
4
Step 4: Conclude with: "What are the legal requirements for business partnerships and shareholder agreements?"

The Compliance Planning

1
Step 1: Begin with: "What are the licensing and permit requirements for my type of business?"
2
Step 2: Investigate with: "What are the legal requirements for data protection and privacy?"
3
Step 3: Explore with: "How do I handle business compliance and regulatory requirements?"
4
Step 4: Plan with: "What ongoing legal support do you provide for business operations?"

Further Reading

"The Complete Guide to Small Business Legal Forms" by Michael Spadaccini
"Legal Guide for Starting & Running a Small Business" by Fred S. Steingold
"The Small Business Legal Kit" by J.W. Dicks

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