Why You Should Hire A Business Lawyer When You Start A Business
April 27, 2022
No matter what industry you’re in, starting a business can be quite exciting. It can also be time-consuming, stressful and expensive. When you have so much on your plate, you may not think about legal issues. However, any business can encounter legal problems, so it’s important to keep them in mind. That’s what a business lawyer is there for.
Here are a few reasons to hire a business lawyer from our friends at Brown Kiely, LLP.
Select an Appropriate Business Structure
When you start a business, one of your first tasks should be to choose the appropriate business structure. Businesses can be structured as a sole proprietor, corporation, partnership or LLC. Each structure comes with its own positives and negatives. A structure that may work well for one business might not work out so well for another. This is one reason to have an experienced business lawyer on your side. He or she can help you select the best structure that suits your company’s needs.
If you are a business owner, you will likely enter into several contracts. Whether it’s with a client or business partner, it’s essential to have a lawyer draft each contract. Your lawyer will make sure that the contract includes the correct language and represents your business’s best interests. Having a lawyer draft your contracts can help you avoid potential headaches down the road.
Deal with Employee Issues
If your business has hired employees, you want to keep them happy and avoid encountering legal issues with them. If you have a legal dispute with employment, it could put your business at risk of a lawsuit and hurt your bottom line. This is another good reason to hire a business lawyer. He or she will inform you of all the employee laws and regulations, protecting you against future issues.
Protect Intellectual Property
If you are establishing a business with a unique product, logo or other invention, it’s important to protect it. Otherwise, others may try to steal your original work. An experienced business lawyer can help you file a patent for your intellectual property.
Review Real Estate Leases
Unless you are operating your business out of your home, you will need to rent commercial property. This is yet another good reason to have a business lawyer around. Real estate leases can involve complexities the average person doesn’t understand. Your lawyer can explain the legal terms in the real estate lease and make sure it reflects your best interest.