Facts and Benefits of Hiring a Business Tax Attorney
For a successful business, you’ll need to hire an accountant and a business tax lawyer. Obviously, the role of an account is very clear, helping you set up and monitor your accounts, receivables, and prepare your tax returns every year. When it comes to hiring a business lawyer, find one that will help you not only on legal matters pertaining to your business, but also with any other aspects of your business including compliance with basic zoning, partnerships, business incorporation, copyright and trademark, liabilities, and lawsuits. A good business lawyer should be knowledgeable and can handle contracts, business organizations, taxes, and licenses, real estate, and intellectual property.
Contracts are crucial to your business, and a business lawyer will help you in preparing contracts with customers, business partners, clients and suppliers, as well as let you understand clearly the contents and legal implications of other people’s contracts before you sign. When it comes to business organizations, a business lawyer can help you in making a smart decision if you need a limited liability company (LLC) or corporation to organize your business and prepare the needed paperwork. Real estate planning involves dealing with landlords for your retail stores and offices, with most provisions or tenant’s addendum always favorable for the landlord, but a business attorney can negotiate contents of the contract for you if they are unfair and may jeopardize your business as a whole. Although you have a good accountant to prepare and file your business tax returns annually, a business tax lawyer will help you register your business for state and federal tax identification numbers, and can fully explain the legal and tax implications of the most basic business transactions in which you are planning to engage your business. For businesses engaged in creative, media or design, a business attorney can help you register your products and services for trademark and copyright protection.
When hiring a business tax lawyer, it is important to ask questions in terms of his or her experience, connections, specialization, and the type of billing. Most business lawyers charge a flat one-time fee for routine matters, like forming a LLC or corporation, but won’t volunteer for a flat fee unless you ask for it. It is always best to work with a lawyer to whom you are comfortable working with so everything your business wants to engage with is properly reviewed in compliance with the law, most especially when it comes to IRS matters. If you are looking for a business tax lawyer, allow us to help you out. Feel free to read related articles about business tax matters by visiting our website or homepage now, and contact us directly for inquiries. Find out more by speaking with a tax business lawyer today!