A lawyer is not frightening; freelancing without a lawyer is.
That doesn’t mean you should go out and spend a lot of money to keep a lawyer on retainer. That would put the majority of freelancers in a bind before they ever began freelancing.
I’m saying you should pick a lawyer you trust and feel at ease to assist you in getting your business off to a good start.
The Starting Point
A joint inquiry from new freelancers is, “What do you wish you knew when you first started freelancing?” Everyone has an unequivocal response, and mine is: Consult with a lawyer.
This might signify a variety of things. It could involve asking a lawyer buddy for guidance (as long as you know they’re technically qualified) or paying a lawyer for one or two consulting meetings.
As I previously stated, you do not need to pay over a large sum of money to have a lawyer at your beck and call at all times; even one meeting of legal advice will put you miles ahead of the game.
A lawyer would have advised me never to conduct work without a contract. A lawyer would have assisted me in determining which form of business structure was best for me. LLC? Is it possible to be a sole proprietor? Corporation?
A lawyer would have significantly increased my “freelancing street smarts” and saved me many hassles.
I get it. Nobody ever wants to bring up the subject of contracts. Isn’t it true that we’re all artists? We combine our skills and expertise to create extraordinary, life-changing items and content! We shall meet life’s challenges with inventiveness and innovation!
There are undoubtedly some excellent, free contract choices available. Freelancers Union provides a contract creator, which is far superior to working without a contract. However, if you can afford it, having a lawyer draft a contract will benefit you in the long term.
A lawyer will have the knowledge and experience to consider any legal options applicable to your specific business. You’ll be able to collaborate with them to create a contract that fits your creative process, giving you the freedom to work while avoiding irritating scope creep.
After you’ve created your contracts, you can always sign up for an E Signature service to make the signing procedure easier.
Oof. That’s another of those words that make me want to take a nap. This means it’s also one of those words I know I should pay attention to.
This is part of the original business-structuring stage, although it is worth examining separately. If you opt to operate as an LLC (limited liability company), you acquire the power to protect your assets in the event of a legal need.
Furthermore, if you want to get investors back your company or products, potential investors will be significantly more inclined to join a secured ship by an LLC.
On the other side, you might not require an LLC at all. If your company is low-risk in legal risk, an LLC may be an unnecessary investment that complicates tax reporting. Many freelancers work as sole proprietors and do well by using good contracts and acquiring company insurance.
A lawyer will examine the type of business you run and help you decide how much protection you need to not waste money on things like new computers or scratch-and-sniff stickers with your logo on them.
Remember, doing what you love is fantastic. It doesn’t get much better than getting paid for something you’re passionate about… but if you don’t have all of your legal ducks in a row, you’re putting yourself at risk of losing that excellent lifestyle… and all of your ducks.
Source: Approval of Me
Flexgigzz is the Asia leading marketplace for freelancer service and together with SOHO Learning Hub which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority which is dedicated to providing independent media coverage to all E-Sport News related from around the world and for the art world, there is Atelier Auction which is an investable art auctioneer and being in the art scene for decades