You will need to deal with standard legal issues, such as registering your company and complying with tax regulations, when you start a business. These legal procedures can seem overwhelming to new entrepreneurs, especially if you aren’t familiar with them.
17 Best Legal Tools for Ease of Running a Business
Although it is always best to speak with an experienced business lawyer, there are many resources and online tools that can help you find the right information. We asked members of the Young Entrepreneur Council what legal tools they recommend for small business owners to make the legal aspect of running a business easier. These are common legal tasks that small business owners face.
17 Best Legal Tools for Ease of Running a Business
1. Rocket Lawyer
Rocket Lawyer has been a trusted tool for our company for many years. The software allows you to choose the document that you need, such as a mutual agreement of noncompete, and then it will guide you through a questionnaire that populates your document. These templates are extensive. You can then send the documents via email to receive digital signatures. The Premium membership is paid for and well worth the cost.” – Brian Greenberg from True Blue Life Insurance
2. State bar association hotlines
The majority of state bar associations offer legal assistance hotlines for free. You can reach them quickly to get legal advice regarding your small business. However, this does not mean that the lawyer will be representing you in every legal matter It can provide some guidance on what to do next. It can be difficult to understand the business legal system. So consultation is free and can educate you about the best steps to take. OptinMonster, Thomas Griffin
You will need to sign and transmit documents constantly, so make sure you do it safely. These are the best legal tools for documentation verification. DocuSign employs encryption to make sure all documents are sealed and safe. “You don’t want your personal information to get into the wrong hands. It’s important that you take all security precautions.” – Stephanie Wells from Formidable Forms
” LegalZoom offers an a-la-carte website. You only pay what you use, which is great news for small business owners. It can help you choose the best type of business for you (LLC or DBA). If you need to speak with an attorney, you can do so by calling the office. Andrew Schrage Money Crashers Personal Finance
“We use LawDepot. This tool was created for small businesses and individuals within the United States. They focus on the creation and detailed legal documents. They provide complete legal documents on their website, which you can log into, access, and download.” – Kelly Richardson of Infobrandz
Trademarkia is an online legal tool that will allow you to determine if your company infringes copyright or trademarks. that allows users to cross-check their logos and company name, slogans, patents, domain names, and trademarks to ensure that they do not infringe on existing North American or European registered IPs. It’s also free to use. Amine Rahal, IronMonk Solutions
You’re about to launch your new website and you realize you don’t have any privacy policies, cookie policies, terms, and conditions, or consent solutions. Yikes! These documents can be drafted by a lawyer, but you still need to have your website dynamically track user selections and update their behavior. “Iubenda is a cost-effective tool that provides legal-level solutions and makes things super simple. Ryan Meghdies, Tastic Marketing Inc.
8. QuickBooks Online Payroll
“A third-party payroll and bookkeeping system is Accounting is a critical part of starting a small business. I love QuickBooks Online Paymentroll because of its simplicity. I was able to submit all the necessary tax documents and pay taxes automatically to maintain compliance. It’s very user-friendly and they walk you through each step. – Rachel Beider, PRESS Modern Massage
Carta can be used to efficiently manage the equity in a growing company. The product offers everything you need, including 409A valuations and cap table management. It will also save you time and legal costs.” – Josh Weiss.
10. State government websites
“Almost every state government website contains a wealth of information about licensing, incorporation, and HR. These documents are worth reading before you consult a lawyer. This will help you to know the best questions to ask and may save you money on legal fees. You can save legal fees by asking better questions.
11. Templates from Google
There are so many services and tools out there, that it can become overwhelming. It is a great way to get started by starting light. You will want to have it reviewed by a lawyer at the end. But I saved thousands by creating a contract template and having a lawyer review it. This is a far better option than having to create one from scratch. – Joey Bertschler, bitgrit
Clerky helped us set up our whole business, including incorporation and stock purchase agreements. These agreements are common in all companies, so it makes sense that you start with a template like Clerky. You can also make changes easily if necessary. They do all the filing automatically. It’s so simple.” – Andy Karuza (FenSens).
“There are many talented business lawyers on Upwork looking for side income outside of their regular day jobs. If you require contracts, terms of service documents, or any other type of documentation, It’s a great spot to get affordable legal assistance!” Jared Brown, Hubstaff Talent
” UpCounsel” is a platform Where small business owners can find legal help this includes things such as drafting contracts or getting advice about specific issues that affect their business. It’s like Upwork for lawyers — you can see ratings and reviews, and find the right attorney to help you with your specific needs. Keith Shields, Designli
15. Stripe Atlas
Stripe is an internet-based payment system that facilitates transactions for small businesses around the world. Stripe Atlas is one of its many services. It assists small business owners to set up a corporation. They will have everything including papers and bank accounts. It will be set up in just a week. Samuel Thimothy, OneIMS
“BizPaL” was a Canadian startup founded in 2005. It is a partnership managed jointly by the federal, provincial, and municipal governments. This comprehensive tool lists all the licenses and permits that a business needs. It’s also free!It saves you time and money.” – Vikas Agrawal, Infobrandz
17. All-in-one HR Tools
A great HR tool can help you with legal matters. A comprehensive HR platform can make it easier to comply with applicable laws by providing a central place for payroll, PTO, and other aspects of human resource management. There are many great HR platforms out there that are worth looking into. I recommend you get in touch to learn more about legal compliance.” – Syed Balkhi of WPBeginner