While opening a business comes with independence and financial benefits, running a successful venture also requires consulting a business attorney. Unfortunately, this is an aspect that numerous business people forego, only utilizing legal counsel when they are in trouble. So, what are some signs that your company needs a business lawyer?
You Need To Hire Employees
Whether you need full-term, part-time or contract workers, businesses will often be required to assess their employment standards. The law offers guidance on payments, dispute resolution, and injuries. Figuring these out can prove challenging, which is why consulting with a business attorney will help you avoid undetected errors. A lawyer will help you draft the correct employment contract, minimizing lawsuits originating from wrongful termination, misconduct, or neglect at the workplace.
You Need Help Signing Legal Documents
Businesses will occasionally be required to sign documents such as equipment and property leases throughout their operations. Doing this requires you to comprehend the various terms stipulated in these documents, failure of which could leave you with undesirable agreements. Lawyers like Brad Kern can help you review, draft, and make changes to such documents, putting your business’s interests first. This will be essential in helping you avoid costly lawsuits due to omissions and errors, keeping your finances intact in the long run.
You Have Experienced Fraud
Unfortunately, not all business partnerships will amount to long-term relationships, with some employees and partners likely to steal confidential information for self-gain. Such instances could arise from embezzling funds, stealing trade secrets, or acquiring company assets. When this happens, businesses are likely to find themselves in court, with business lawyers being ideal representatives for upholding your interests during court trials.
Based on the lawsuit, a lawyer will help you gather evidence, liaise with experts such as financial experts to investigate and testify on the facts at hand and advise you on an ideal legal path to follow. They will also help you file for a suitable case, increasing your chances of getting the most recourse for any harm done.
Your Company Is Caught Up in Tax-Related Problems
Taxes are some of the most challenging legislation areas to navigate for numerous businesses, leaving most grappling with exorbitant fines. While accountants will help you file your financial statements, registering your company with the proper state and federal agencies will often be left to legal experts to handle. Business attorneys understand the ins and outs of tax laws, making it possible to record every transaction as stipulated by the law for proper auditing and taxing.
You Need To Acquire Assets
Acquiring assets will require much more than a verbal agreement, with asset agreements and contracts often coming in handy for such transactions. Like tax laws, asset acquisition laws will also not be straightforward, with businesses requiring the help of professionals. Having a lawyer on board will be crucial in helping you get your fair share of the rights to your assets while also allowing you to negotiate your contract terms for a fair deal.
If you have experienced any of the above, now is the time to seek help from a business attorney. From helping you settle your tax issues to assisting you in drafting the employee contracts, an attorney will help you protect your business from facing lawsuits, making it possible to have longevity in your business operations.