You own a small business, not a big corporation. You don't need to hire an attorney. Right? Wrong. Whether your business is a small mom and pop enterprise or a multi-million dollar corporation, you need the services of an attorney, such as Ashley West. For one thing, you never know when a lawsuit is going to rear its ugly head. Once you're hit with a lawsuit, the damage might have already been done. An attorney will help identify potential problems before you're faced with legal action. Here are three other reasons why your business needs an attorney.
Contractual Obligations
Regardless of the type of business you own, you probably deal with some type of contract on a daily basis. Whether you're entering into contracts with your customers, suppliers or your salaried employees, you need to ensure that those contracts are legally binding. You also need to make sure that they protect you and your business. Before you take chances with the contracts you're signing, you need to have a lawyer take a look at them.
Organizing Your Business
When you started your business, you were fine being a sole proprietorship. However, as your business has grown, so have your needs. It may be time to form a corporation or a limited liability company. Unfortunately, you might not know that without speaking to a lawyer. Retain legal counsel while your business is small. That way you're attorney can monitor the growth and advise you when it's time for a change.
Real Estate Ventures
Your business used to fit in one small office. Now that it's grown, you need more space. The lease you're looking at seems to be written to benefit the landlord. Before you sign a lease for new office space, you should have a lawyer look over the agreement. Having a lawyer go over the paperwork with you may help you avoid being tied to a lease that doesn't benefit you or your business. This is particularly important if the lease agreement includes items that you don't agree with. Your attorney can help amend the lease agreement to better suit your needs.
Just because you own a small business doesn't mean you wouldn't benefit from legal counsel. Hiring an attorney while your business is small will ensure that your investment is well-protected. Before you make important legal decisions about your business, you owe it to yourself to sit down with a lawyer who specializes in business and corporate law.
Share10 November 2015
People with an eye for property can make a great deal of money buying a house, fixing it up and then selling it for a profit. However, there are many legal issues involved in this kind of pursuit. I am an attorney with experience in real estate, and I have helped many clients learn the legal details involved in flipping property. This blog will help you understand what you need to know when you are buying and selling a home as well as information about paying taxes on money made and property owned. Flipping houses can be a very profitable activity as long as you know how to do it legally.
