ByWhether you are launching a startup or running an existing small business, you may need help with it. Hiring a business lawyer means you have an expert on your side navigating the legal issues. When starting a business, there are many legal issues to address. Missing out on important details could become a legal issue later. A skilled attorney helps you avoid such issues before they occur or mitigate any negative consequences of existing issues.
How a Business Lawyer Can Help You Get Started
When starting a new business, there are many considerations you should keep in mind. But you don’t have to get a law degree to make sure you are doing things right. A knowledgeable business attorney can advise you with legal matters such as the following:
- The kind of business to form. Companies are not made equal. Your attorney will consider your business’s need to form a kind of entity, whether it is a sole proprietorship, a partnership, or a corporation.
- Drafting and enforcing contracts. Every business contract must be prepared and reviewed carefully to minimize the risk of litigation due to conflict. Such possibilities can disrupt your operation and cost money. Your contracts can include favorable provisions. You need solid contracts that give you legal protections. Your attorney will ensure this.
- Creating confidentiality and non-disclosure agreements. These agreements prevent proprietary and valuable business information from being given to third parties. they are contracts between you and your employees, contractors, and partners. Your attorney can help you prepare these contracts.
- Business disputes and litigation. Your attorney will do everything to help you avoid disputes and conflicts. But if these issues arise, they can step in right away to advocate for you and protect your interests.
- Franchising. Whether you own a franchise or want to purchase one, you must understand every legality involved, especially the Franchise Disclosure Document or FDD. Usually, this document is binding and enforceable when signed, regardless of how one-sided it is. Make sure you have an attorney review your FDD.
Other Things Your Business Attorney Can Do
While your company grows and evolves, its legal needs increase. Your lawyer can anticipate such needs and ensure they are properly met. By working with an attorney, you minimize your risk and liability, enforce contracts, ensure compliance, and dissolve your company properly if necessary. Also, they can help you with the sale of a company or purchase of one and transition ownership.
