- Choosing a Legal Structure
- Sole Proprietorships
Although an attorney can be very helpful in starting a new business, sometimes there just isn’t enough money for you to spend on one. In that case, there are some low-cost options for handling the legal aspects of your business. One simple, low-cost option is using do-it-yourself legal forms. These forms must usually be purchased, but are usually not very expensive. If you want to make sure your forms are all correct and in order, you can have an attorney review the forms, which would save considerable costs when compared to having an attorney draft the legal documents him or herself.
There are also some legal resources that are free. The U.S. Small Business Administration (SBA), for example, provides helpful and free information on all aspects of a business, including starting and managing a business. You can always also use the Internet to research the legal topics or issues. This research can help you determine if it’s something you can take care of on your own, or if it would be a good idea contact an attorney.