You launch your business hoping that it will all go smoothly and that you’ll be able to run a successful business.
Not every business thrives. You will need an attorney when you make mistakes, have to deal with problems or are facing legal issues.
A good attorney can be a great asset to your company, especially in protecting you from any legal consequences.
Here are reasons:
1. Protect Yourself Against Lawsuits
A lawyer can help you avoid lawsuits, as you might imagine. If you hire an attorney after being sued, it is likely too late. While a lawyer may be able to reduce your charges, they cannot protect you completely. Get your legal affairs in order before a lawsuit happens and make sure you cover every detail.
2. Mitigate Damages
A business attorney can help you reduce the damage that could be caused by a lawsuit. A lawyer can help you mitigate damages if you are faced with a personal injuries case from an employee, customer, or another person. To get the best possible result, however, it is important, to tell the truth. Even if an employee is hurt by something you did it is better for your lawyer than the attorney representing the opposing side.
3. Contract Drafting
An Acuity Lawyers Perth is a good idea if you are required to negotiate or draft a contract with customers, employees, or suppliers. A contract that isn’t approved by a lawyer could quickly lead to problems. You have to manage your business and not remember the rules. If you attempt to draft the contract yourself, there are likely to be some mistakes that could land you in serious trouble.
4. Business Incorporation
It’s more than just signing a check and getting a certificate to incorporate your business. It’s important to have someone familiar with the process so that you can navigate it without worrying about legal consequences. A good business lawyer will be able to explain all of the legalities involved in incorporating a company.
5. Compliance By The Federal And State Governments
You are probably aware that federal and state laws can be very different. There are rules and regulations that you need to follow when you start a business, do business across states, move your business abroad, buy property, or pay taxes. Even if your business is a pro at research, it’s unlikely that you will have the time or ability to go through each law to make sure you are complying with them all.
6. Questions For Employees
Employer-related problems are commonplace in the workplace. This can leave you with little or no money. An attorney can help you avoid legal problems by assisting you with the hiring process, worker’s compensation, and drafting agreements for independent contractors.
A lawsuit by an employee is not something you want. Having an attorney on retainer can help reduce the risk to your business.
7. How To File For A Patent
It is important to file for a patent if you have developed a new product/service. Patents can be expensive and time-consuming, especially if you do it yourself. It can be difficult to get a patent approved within a reasonable time frame without an attorney. An experienced patent attorney can help get you your patent quickly.