Various formal and informal studies indicate entrepreneurship is on the rise in most demographics. The Small Business Administration and the U.S. Census Bureau estimate the number of firms in the United States in excess of 24 million. And, as the third largest state in the Union, New York remains one of the most popular states for forming a corporation or limited liability company (LLC). A qualified and competent New York Business Law attorney can be invaluable to the budding entrepreneur or business owner.
New York business formation is a serious matter and should not be taken lightly. However, in their quest to save dollars, future New York business owners often fail to realize the tremendous value a competent New York Business Law attorney can bring to the table, opting instead to use a “third party” vendor offering “incorporation” or “business formation” services. And yes, they can help you legally form your business. However, such services offer little expertise and cannot generally provide valuable legal counsel regarding future needs and options most business owners should thoughtfully consider, with many of the “off-the-shelf” services severely lacking when it comes to preparing formation documents for the capital acquisition process—or raising money—a substantial need for most new businesses. The speed and convenience of using qualified counsel for New York business formation activities can save tens, even hundreds of thousands of dollars down the road, helping entrepreneurs and business owners avoid simple mistakes and pitfalls made every day by those who choose to forgo the services of a qualified attorney.
A qualified attorney will help you quickly determine the best legal structure for your business to help you reduce your liabilities and risks, increase your profits, and establish a solid going concern. Throughout history, the most successful entrepreneurs and business owners have understood the value of surrounding themselves with great people who are experts in their field, thereby allowing them to work on their business and not in it. Take a page from the history books and start your new business off on the right foot by surrounding yourself with—and using—a New York Business Law Attorney for all your New York business formation activities.
