Why Does My Business Need an Attorney?
If you are a new business owner or thinking about starting your own small business, you may have heard a lot of discussion about how important having, a business attorney on retainer is for your company. If you’ve felt confused about how and why you may need a business attorney, this short blog post will explain to you some of the main ways a business attorney can help and protect you and your new business.
The up-front cost of all the services and people business owners need to start and run their business can be substantial. After paying for an office lease, an accountant, insurance agent and other costs it can be very tempting to skip talking to a business attorney in the interest of saving money. However, there are several key pitfalls you can get trapped in without the guidance of an experience business attorney.
Four Things a Business Attorney Can Do for Your Business
#1: Help you handle complaints filed against your business by a customer or government agency
In the event a complaint is filed against your business and you are investigated by a government agency, it will be essential to have an experienced and savvy business attorney on your side. There are all kinds of things that could lead to this kind of investigation or lawsuit. The range of legal knowledge and experience dealing with complaints an experienced attorney can bring your business can make the difference when it comes to being able to run a profitable business in the long run.
#2 Help you figure out the right structure for your business
Even before you get the ball rolling with your business, you’ll need to pick the correct legal structure for your business. Is a sole proprietorship correct? Do you need to form a C-corporation or LLC? An attorney is essential to both make the right decision about your business’s legal status and also file for and maintain the legal protections your chosen structure provides. It is true there are online services and other do-it-yourself ways to start your business. Many times it can be more expensive to undo the mistakes of these services than to handle the matter correctly the first time.
#3 Help you deal with employee-related issues
When dealing with employees, there are several legal considerations you need to observe in order to protect your business both from possible retaliation and legal consequences. For example, are your employees full-time employees or are they classified as independent contractors? Have they been correctly treated as such?
Once more, anytime you hire or fire an employee, your business attorney can be essential in helping draft employment contracts or severance agreements.
#4 Help you negotiate and draft contracts
You likely didn’t start a business because you wanted to become a master of contract law or spend all day developing the best possible contracts you can. No, you started a business to do what you love. Simply put, negotiations and contracts are too important to your business to leave to someone who doesn’t have the strong understanding of legal issues at stake that an experienced business attorney has. So instead of learning the hard way what can happen when you don’t use the right contracts, talk to your business attorney and protect yourself before any signs of trouble ever appear.
There are many more things a business attorney can do for your small business than what I have listed here. If you have any additional questions or wish to discuss other related legal issues, call Stephen Rizzieri at 214.434.1017 or fill out the form on our law firm site today.