Why Lawyers Are Crucial for Startup Founders

From Monday to Sunday, your lawyer is a crucial advocate for your interests. Anyone setting up a startup or other business should have a lawyer who will handle various legal matters and look out for their well-being. Mr. Tarunjeet Gujral is a leading business lawyer for businesses based in Mississauga. Feel free to get in touch to learn how a lawyer can help.

First, a lawyer can provide crucial assistance from the get-go. For example, setting up a corporation versus owning a sole proprietorship is a major decision. When shares are involved, as is common with startups, deciding who owns what is crucial and should be made clear. Lawyers can help with much more, of course.

Other Legal Matters Lawyers Can Help With

There’s a good chance that you’ll need to apply for permits, say to construct or remodel a building. Handling such paperwork can be a headache, and entrepreneurs can often better put their time to use by focusing on their business.

Likewise, many businesses hire employees. It’s crucial for both the employee and the company to have well-written contracts that make obligations clear. Startup environments are often hectic, and it’s easy for misunderstandings to arise. This could lead to tension and other issues.

The same is true for any commercial leases. There’s a lot of fine print in leases, including who will pay for, say, utilities and property taxes. Landlords typically want a lease that is favourable to them and their interests. Businesses need to make sure that the lease is both clear and protects their interests too.

Protect Your More Important (Intellectual) Properties

For many startups, the most valuable assets are Intellectual Properties, including trademarks and patents. Startup founders should ensure that their IP is protected as much as possible. Filing for IP protection is tricky and, if done wrong, could leave valuable assets more exposed than they otherwise should be.

The above only covers some of the most obvious reasons that startup founders should work with lawyers. Ultimately, startups are dynamic, and the business environment can change quickly and unpredictably. Amid the commotion, entrepreneurs need a legal advocate to safeguard their interests.

Find a Business Lawyer for Startup Mississauga   

Contact Gujral Law Professional Corporation, serving entrepreneurs living in or near Mississauga, to discuss how a lawyer can help. Call us at (647) 957-8077.