Starting a new business is an exciting adventure. When you have a great business idea, you likely want to get started right away. There are many legal considerations to take when starting a new business, big or small.
In Washington, DC, new businesses have to file certain paperwork to get started. Depending on the type of business you are starting, some of this paperwork may require complex legal work with the help of a legal expert.
Business Formation Services
If you are ready to start your new business, contact DC business lawyers today. They will assist in your business formation, and help you hit the ground running. They also help established businesses deal with legal issues, such as breach of contracts disputes and drafting business agreements. Contact us today to learn how we can help your business.
When it is time to form their new business, a person may not be quite sure how to get started. An important first step is deciding what type of business they want to form. In Washington, DC, new small businesses will likely start as one of the following:
- Limited Liability Company (LLC)
- S Corporation
- C Corporation
- Sole Proprietorship
Each of these types of business have unique benefits and characteristics. Depending on their financial situation, one type of business may be more beneficial than other types. A Washington, DC business lawyer can help a person decide what type of business works best for them.
Limited Liability Companies
One of the most common types of small businesses in Washington, DC is a limited liability company, or LLC. A useful characteristic of an LLC is that it protects the business owner and other members of the company from personal liability.
This means that an LLC member risks only their investment in the company. If the LLC is sued, for example, the members will not be held personally liable.
LLCs must officially register with the DC government. To do so, the business owner must file a certificate of organization, according to Section 29-802.01 of the DC Code.
The law requires this certificate of organization contains specific information about the new business. A person’s DC business lawyer can handle the business formation paperwork, so they can focus on their venture.
Creating Business Agreements
As a business grows, the company owners and managers will likely need formal agreements between themselves and employees or other businesses.
Many small businesses in DC utilize legal agreements, which are enforceable in court, to buy inventory, hire employees or contractors, and form business partnerships. Some of the most common types of business agreements include:
- Employment agreements
- Confidentiality agreements
- Contractor agreements
- Partnership agreements
- Buy-sell agreements
If someone needs any of these types of agreements or any other type of contract for his or her business, contact a skilled business attorney in DC today.
Breach of Contract Claims
Businesses often rely on agreements and other contracts to operate. When another party violates that contract, a business can file a lawsuit claiming breach of contract and pursue monetary damages.
If one of a business’s vendors, contractors, or employees has violated their contract, a business attorney in the District of Columbia can help.
They will work hard to prove the contract was valid at the time of signing, and show how the other party breached the contract. A business lawyer will do everything possible to ensure their client is paid the money they are owed.
Consult with an Attorney Today
Whether you want to start a new business, have questions concerning your existing business, or need to recover money lost due to a breach of contract, DC business attorneys can help. Contact us today to learn more.