From the moment you first start your business, you may need the services of a business attorney to ensure you fulfill all the necessary legal and financial requirements for your company. And as your business grows, inevitably matters will arise, causing you to need legal advice. Having a reputable attorney on hand will ensure that these problems will be resolved expeditiously and to your advantage. Here are four areas where an experienced attorney can be a valuable asset for your business.
Your business may involve contracts with customers that may come into dispute, such as quality control or delivery issues that cause dissatisfaction or conflict between you and your customer. These problems can often be resolved to both party’s satisfaction with experienced legal intervention. By having an attorney doing the interaction, you can avoid negative communications that could impact future business. You will want to ensure that your attorney specializes in the particular area needed. For example, if you are a professional athlete, you will need the services of a sports attorney, whereas if you are concerned about potential Copywrite issues, you would be looking for a lawyer that specializes in intellectual property law.
Proper Legal & Tax Compliance
Setting up your business in the proper legal form can save you money in taxes and can provide the right legal protection. Your attorney can also ensure that any partnership agreements are carefully drawn up to prevent disputes, if one party wishes to withdraw from the business. Your attorney can also provide research to ensure a unique company name and proper licensing and permits for your business. The attorney can also advise you on proper tax compliance, so you can budget your company’s finances for optimum growth.
Human Resource Problems
Another problem that can arise unexpectedly during the conduct of your business is lawsuits regarding employment. You may face a suit claiming discrimination, sexual harassment or wrongful termination. When a serious problem does occur, you can be directed to an industry leading lawsuit loan company to help defray costs involved in an unfavorable decision.
Protecting Intellectual Property
If your business is involved in design, media or other creative endeavor, you may have concerns about protecting your intellectual property from other individuals stealing your ideas. A business attorney can ensure that you have the appropriate patents, trademarks, or copyright protections to prevent other businesses from benefiting from your hard work. Even manufacturers may have specific processes that require coverage under trademark or non-disclosure protections.
Your business attorney can act as a business partner, helping you to avoid legal hazards and to resolve disputes. A good relationship with your business attorney can save you money and stress, so you can concentrate on the more critical aspects of day-to-day operations.
Anica is a professional content and copywriter who graduated from the University of San Francisco. She loves dogs, the ocean, and anything outdoor-related. You can connect with Anica on Twitter @AnicaOaks.