Whether you’re starting a brand new business or have one established already, you should seriously consider hiring a business attorney. This is important for a number of reasons ranging from simple business organization and tax preparation to the unfortunate event that your business is sued for any reason.
In this post, we’ll be outlining the various things you can expect from a business attorney.
There are so many factors to keep in mind when it comes to forming your business. Many have a great idea regarding one area of business formation but are totally in the dark regarding others – and ignorance of the law is of course no excuse.
A business attorney can help ensure that all of your bases are covered when forming your business. They are there to ensure that you’re not only working in conformity with the law, but finding ways to work within the law that benefits you and your business the most.
A business attorney can ensure your business name and logo are trademarked, which can prevent a whole host of problems in the future. They can also help you decide on the best way of organizing your business. Your business could be any of the following:
- Sole Proprietorship
These are all going to determine things like personal liabilities, tax obligations, setup fees, ongoing expenses, and the legal acquisition of funds. They will give you the knowledge of the law that you need to get the most out of your business.
Handling Employee Issues
Many business owners, especially early on in their business endeavors, aren’t aware of the many legal requirements when it comes to certain employee issues. A business attorney can help you with:
- Hiring and firing – Employers can risk discrimination lawsuits, or other legal problems if they ask certain questions during an interview. Business attorneys can prepare you for these circumstances.
- Hiring an independent contractor – This is different than hiring an employee, and it often takes a business attorney to help you understand what is required of you. They can help you create documents that make the business agreements clear in this regard.
Handling Environment Issues That Are Impacting Your Business
For instance, let’s say the land that you have bought to conduct business on is later found to have toxic materials in it. Hiring a business attorney will allow you to effectively file suit against the land seller. In this case, you can force them by law to handle the costs and process of the clean up.
When it comes to your own business, you should also hire a business attorney to cover your bases in instances of:
- Issues caused by manufacturing
- Raw material development
- Waste creation and disposal
Contract Drafting and Review
Almost any business will be involved in contract drafting and review at some point. A business attorney can read the complex and esoteric language of legal contracts and help ensure that you are getting the most of out them, rather than being taken advantage of.