By integrating yourself without a lawyer, you can save hundreds of dollars. how about it? Is it advisable to do this?
1. This is not legal advice!
The only person who should provide legal advice is someone who is licensed by the practice law (in other words, only a lawyer). This article is not legal advice. If you need legal advice, consult an attorney.
This article is written only to inform you that without a lawyer you can set up a company or limited liability company.
2. Why hire a lawyer?
First, if you made a mistake, who would you sue? You can only blame yourself. On the other hand, lawyers have insurance to make up for errors and omissions.
Second, you can benefit from the expertise of your lawyer. In your case, sometimes the company is not for you. Please note that there may be disadvantages and integration advantages. Your lawyer can consider business law, securities legislation, limited liability, taxation factors, estate planning, share structure, and many other business factors. Sometimes the advice of a good lawyer can save you thousands of dollars.
3. Merge your own suggestions?
Is it wise to perform surgery on yourself? Unless you are licensed to practice, it is illegal to perform surgery on other people, but perhaps in the wild, self-operation may be your only option. However, in most cases, is it really a good idea to perform surgery on yourself?
Again, just because you can integrate yourself without a lawyer does not mean that this is always a good idea.
In some jurisdictions, only lawyers can be included in others. The creation of a company for you by a paralegal or other person may be considered as an unauthorized legal practice. Therefore, it may be legal to merge yourself rather than other legally legitimate.
Some of the factors that you might consider are: I am really short of cash. Can't I spend extra money on good legal advice that can save me thousands of dollars? I believe my situation really does not require the services of a lawyer to join? Can savings in legal fees be better used to fund other aspects of my business?
Everyone must decide whether to seek a lawyer to establish a company's services.
"People who are lawyers themselves are stupid for clients." I often think that although a law firm originated from this common expression.
4. How to integrate into yourself
Lawyers have written a lot about how to fit into your own book.
For example, in Canada, M. Stephen Georgas, LL.B. wrote a book on the theme of forming his own company. Published by the International Autonomous Adviser Publishing Co., Ltd., he wrote the "Online Companies and Business Guide" ("How to Form Your Own Company Including Taxation Advantage") and "Federal Company Registration and Business Guide" ("How to Form Your Foundation" The federal company established by the Canadian Business Corporation Act ").
Same publisher sales forms and minute books and titles of other Canadian provinces.
forms, company supplies, name search and kits are available from legal documenters and other sources.
In the United States, there are also many manuals that can be used to integrate yourself into various situations. "How to set up your own company without a lawyer under $7,500" Ted Nicholas is such a book.
Useful information on this issue can be obtained from federal, provincial and state governments for free or nominal costs.
You can sometimes find company brochures at your local library for free. Be careful. The legal handbook is quickly out of date. You may purchase the latest manual carefully; it may also contain useful reference materials for maintaining company meeting minutes and other useful suggestions for operating the company.
Purchase the appropriate manuals and supplies and follow the instructions. With a little effort, you can save hundreds of dollars without a lawyer.
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