If you are a small business owner, you need to be sure that you are protected. Wise business owners make sure that they have an attorney that is familiar with their situation who can advise on different aspects of the company. Here are some things that an attorney can do to help your business.
One of the best things you can do for your business is prevent problems. Smart business owners spend more time preventing problems, knowing that by doing so they will save time and money from putting out fires down the road. Each time you come out with a new service or a new product, you should be meeting with an attorney do decide the potential risks and problems. This type of work is called compliance. You need to make sure that your products and services comply with the current laws.
If you have an attorney on retainer that you can contact when needed, it will be much easier than trying to find an new attorney each time you have a question. In addition, this attorney will be most familiar with your business and your services so that they can quickly work through any potential issues.
A smart businessman or businesswoman knows that there is a good chance that there will be a lawsuit filed against them. There are a myriad of things that can go wrong with your business. It could be something wrong with a product, or it could be something as simple as a person slipping and falling on your property. When you meet with an attorney they can help you get the insurance that you need and fight any lawsuits that might come up in the future. This is an important part of protecting yourself.
3. Mergers and Acquisitions
Lastly, anytime you are planning on merging with another business or acquiring a new company, even if it is your company that is being acquired, you need to have an attorney represent you. There will be contracts to be signed, and if you are not careful, you could easily get yourself into a position that you later regret. For this reason, never enter into any kind of business deal without talking to an attorney first. And continue to consult said attorney as changes are made to the contracts to ensure you are protected.
As you can see, it is imperative that every small business owner have an attorney. For more information, contact local professionals like Carter & West LawShare
17 January 2017
While I took a few business classes in college, I left early to start my own business. I thought I had the knowledge I needed to become a great business owner and was eager to start my business. Soon, I had a new business that was actually performing pretty well in sales. Unfortunately, I hadn't taken any law courses in college, and I soon realized I made a few mistakes when starting my business that could cause me some legal trouble. Thankfully, a great business lawyer helped me correct my mistakes before I had any legal problems, but I then decided to take those business law courses. I want to help business owners and anyone else who would like to learn more about the law by starting a blog where I will share what I have learned and will continue to learn. I hope I can help you!