When Should I Seek Legal Advice for my Business?
September 5, 2020
Whether you already have your own business or are considering starting one, working with a reliable, experienced lawyer can be the difference between success and failure. There are plenty of steps in starting and running your business that could be made simpler and smoother when you seek legal advice from a Carroll County business attorney.
Legal Advice for Starting a Business
Starting a business can be tricky. There are many things that you can do on your own that don’t require the help of a business lawyer. However, there are some aspects that can be too complex, too time-consuming, or that pose too great of a risk of liability issues that the average business owner doesn’t want to deal with on their own. That’s when you want to consult with a business lawyer.
Many businesses are required to have some type of business license, permit, or registration. Even if your particular business does not need a license, there can be zoning regulations or business rules in your particular county, city or town that you will want to be aware of.
Your startup business may need a lease, a contract for services or supplies, contracts with your customers or clients, or agreements with partners or co-owners. Using a business attorney who has experience reviewing and negotiating leases and contracts, especially in your particular field, can save you many times the cost of the legal fees.
Laws and regulations often vary by state. If you’re starting a multi-state business, a business lawyer will inform you of discrepancies and work with you to make sure your business is complying with the laws of every state in which you’re operating.
Legal Advice for Continued Business Success
The goal of a business is to make profits over the long term. Seeking legal advice and getting the contracts you need will not only save money in the long run, it will prevent problems that can take time away from running your business, or derail your business objectives.
If you are hiring employees for the first time, you will need to familiarize yourself with all the regulations regarding employment taxes, compliance with immigration laws, workers compensation, and the rules regarding salary, benefits and overtime. If an employee brings an action or lawsuit against your business for pay issues or discrimination, you will want to have good legal representation to protect you. You don’t want to turn a small problem into a big one, because you didn’t handle the situation appropriately.
Ownership and Financial Issues
If you are bringing on a new partner or co-owner, buying or selling the assets of your business or applying for a loan, it is important to have an attorney review your documents and make sure that you are fully protected.
Get Trustworthy Legal Advice from DK Rus
Regardless if you’re starting a new business or already have one established, having a business attorney like D. Kathleen Rus will help you to navigate the complex legal aspects you encounter. There’s no telling exactly when you’ll need a business lawyer, but when you do, we’re here to offer legal guidance and advice. Call or contact us if you have any questions regarding starting or continuing to run a successful business.
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