My lender is asking me to sign a personal guarantee. What do I need to know?
October 12, 2022
If you are starting a new business there are certain things you will want to take care of to ensure that your business will be fully equipped to run smoothly.
Hiring a corporate lawyer should be something that you prioritize on your list of things to do.
A corporate lawyer is someone who will advise you of your rights and duties under the law, and will also be the first person who is made aware if you get into any legal trouble. Your lawyer will be the person who can help you the most, and who you will rely on in your times of legal need.
This is where having a registered address for service comes in. This is an address where all legal documents your company may receive will go. If your corporation runs into any legal problems, those documents will be sent to the registered address for service.
Why your lawyer’s office?
It makes the most sense for the address you use to be your lawyer’s office. In the event that you are getting sued, your lawyers should be the first to know about it.
Having your lawyer’s office as your registered address for service would be like skipping a step in terms of passing information along. Instead of you having to get into contact with your lawyer after being served papers, this way, they will be the first ones to know and can start acting right away.
Getting a head start on legal troubles you may run into is in the best interest of your business, and your lawyer being your registered address for service is one of the simplest ways to ensure you get that head start.
If you are starting a business and in the process of looking for a corporate lawyer, contact Baker Law Firm today. We have many years of experience in corporate law and are always happy to help.
