7 Times You Need to Consult with a Business Attorney

7 Times You Need to Consult with a Business Attorney

Many people don’t realize that they need to consult with a business attorney for their business until it is too late. The first step in this process is identifying the type of legal issue you’re experiencing and your goals. Once this has been done, you can determine which type of lawyer will best suit your needs.

1. When Starting a Business

When you are starting a business, there are many things to consider. One of the most important is making sure your business is legally compliant. It includes understanding the different laws that apply to your industry and taking the necessary steps to follow them. It can be helpful to consult with an attorney who specializes in your field.

2. When Incorporating Your Business

When you are ready to incorporate or form a limited liability company, you must consult with a business attorney. They will be able to let you know if this is the correct next step for your company and if so, they can help guide you through all of the necessary processes in order to get started. It may seem like a daunting task, but it can be a smooth process with the help of an attorney from manfredlaw.com.

3. When Creating Employment Contracts

It is important to have written employment contracts if you are hiring employees. Attorney’s can provide valuable advice and help protect your interests in any legal disputes. It would help if you had an attorney that understands employment and labor laws. It will ensure you have a legally binding contract and protect both the employer and any potential employees.

4. When Buying Intellectual Property

It can be something as simple as your logo or a more complicated case like patenting software. The rights associated with these properties are always protected, so you must speak with an experienced business law professional first. Using someone else’s intellectual property can land you in a lot of trouble and make your business vulnerable to legal action.

5. When Signing Business Contracts

When entering into any business contract, it is important to have an attorney review the agreement before signing. It will help ensure that you do not agree to anything that could put your company at risk down the road. A business attorney could see a clause in the contract that you may have missed that could cause problems for your company.

6. When Facing a Legal Dispute

It can be anything from getting sued to facing litigation or arbitration. You must hire an attorney who understands the law and how it applies to your specific situation before taking action. Your business could become involved in many legal disputes, so having someone on your side will ensure things go as smoothly as possible.

7. When Handling Internal Revenue Service Audits

When the internal revenue service audits a business, it can be confusing and stressful. In this situation, the best thing to do is consult with an attorney specializing in tax law right away. It will ensure that you are protecting yourself from future problems down the road that could arise due to any mistakes made during the audit process.

In conclusion, your business needs to consult with a business attorney before doing anything else. Doing so could protect your company from making costly legal mistakes and save you money in the long run.