When you start a business, hiring a lawyer probably isn’t the first thing on your mind. You might think that you can handle everything yourself, and there won’t be a need to get a lawyer involved in anything until your business has reached a certain size. But there’s no business too small for hiring a lawyer. You don’t necessarily need one on your staff, but it can be useful to have someone in your contacts or even pay a retainer to someone you might need regularly. Before you dismiss the idea completely, consider these key reasons for having an attorney on your side.
Protect Your Business
You might not like the sound of it, but your business could be sued at any time and for any reason. If you do get sued, you can, of course, begin the search for an attorney. But by then, the damage could already be done. It could affect your reputation and your finances. While you can’t completely prevent people suing you, you can take steps to lower the chances of it happening. A lawyer can give you the advice you need to keep your business safe and avoid any serious problems.
Make Contracts Watertight
Getting contracts right is essential in business. You need contracts that protect you, but your clients, suppliers or anyone else you work with also wants to make sure that the contract benefits them. A contract lawyer specializes in making sure all of the contracts that you deal with are up to scratch. They will learn to understand your business and how it operates. Your attorney can prepare standard contracts for you to use with clients and suppliers, as well as help you to check over contracts that other people send to you. It’s worth having someone to deal with your paperwork for you.
Have Access to Important Connections
Working with a business lawyer can be a great way to make sure useful connections. Firstly, you have your lawyer on hand if you need advice or help. You can also ask them to refer you to other legal professionals if there’s something that they’re not best placed to do. You could even make some useful connections in the business or political worlds. Any legal professionals like Mike Crapo move into politics. Your attorney could have valuable connections like these that can help you out if you need a favor or for various other reasons.
Safely Grow Your Business
As you grow your business, you can find yourself dealing with a lot of legal issues, from intellectual property to buying real estate. Every new issue that you need to deal with might require help from a legal professional, especially if you want to avoid any serious problems. It’s important to remember, however, that you might need a different attorney for different matters. Some might specialize in contracts, but others are more familiar with real estate or patents.
Keep your business on the straight and narrow by having an attorney in your contacts. You should be able to protect your business, no matter how big it is.