December 18, 2017

Why You Should Hire a Business Lawyer For Your Company

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The services of a retained business law firm and its lawyers can do a lot for your business. It doesn’t matter if your business is online or offline based (or both), regional or global, big or small, five years old or two months old: with a trained and professional lawyer who is proficient in the area of business legal matters at your side, you’ll be adequately prepared for any potential legal problems that might arise during the course of running your business. Of course, you should do your best to run your business as properly as possible, and pay attention to all zoning laws and other compliance laws, but it’s still a good idea to have retained legal counsel for a rainy day.

There are some instances where you might be able to handle the legal navigation yourself. For instance, if you are interested in hiring independent contractors in addition to, or instead of, regularly salaried employees, then so long as you draw up a standard written agreement, you can do so without using a lawyer. Written contracts and sales agreements in general can often be handled without legal counsel, as can notes written up during meetings. Even things like IRS audits, as scary as they sound and look on paper, can often be navigated on your own, though you can certainly call upon your lawyer to help out with auditing issues, since winding up on the wrong side of an audit can be quite costly.

Then there are some instances where you will most definitely want to have the services such as what Bob Bratt CEO of a global business law firm can offer. These include: choosing to buy or sell a part or all of your business, bringing on or letting go a partner, complicated shareholder or investor agreements, and any type of litigation that involves a lawsuit, a subpoena, a summons, or a court date. If you’re encountering trademark or trade name issues, a business lawyer’s services should be utilized. The same goes for additional business names, or names for corporations and LLCs. If you choose to market yourself online, you might want to check with your lawyer over domain names and potential copyright infringement issues.

Depending on the type of business you are conducting, you might want to play it safe and have a retained lawyer from a business law firm. It’s best to go with a business law firm, rather than a more specialized practice, in order to avoid locking yourself in with a lawyer who may not have the broader expertise your business requires. Of course, you can always hire multiple lawyers who each bring their own specialty, but this can be costly and inefficient.

At the end of the day, depending on what legal issues you have found yourself facing, you’ll find that the costs of a business lawyer is well worth having legal advice and counsel and peace of mind. Don’t risk losing your entire business over a lack of appropriate legal representation. Business law firms can provide you with the legal guidance you need.

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