Owning a small business can be very rewarding, but it involves a lot of hard work. In addition to the daily operations of running your business, you will also have to deal with legal matters from time to time. That is when a skilled business lawyer comes in handy. Here are five good reasons to consult with a business lawyer for your small business:
You Are Structuring Your Business
When you own a small business, you will have to decide if you want to structure it as an LLC, corporation or non-profit. The option you choose can affect your tax obligations, personal liabilities, and other important matters. A business attorney can discuss the positives and negatives of every option and help you come to the right decision.
You Are Negotiating a Contract
As a small business owner, you will likely enter into at least one or two contracts. Before you sign any contract, you should have a business law expert look at it thoroughly. He or she will ensure that there are no errors and that you are getting a fair deal.
You Are Hiring Your First Employee
Hiring your first employee can be quite exciting. However, before you do that, you should consult with a business lawyer. He or she can advise you on what you can and can't do when hiring an employee so that you avoid potential lawsuits. For example, your lawyer may advise you on the types of questions you can't ask during the interview process.
You Are Getting Sued By an Employee
From wrongful termination to discrimination, employees can sue their employers for many different reasons. If an employee has filed a lawsuit against you, it is time to contact a business attorney soon. He or she can protect your legal rights and help you tackle the lawsuit.
You Are Selling Your Business
If you have decided to sell your business, you should hire a business lawyer. He or she can ensure that you get the most value of your business and protect you from getting taken advantage of.
As you can see, there are many reasons to work with a business lawyer. If you are dealing with any of the above issues, do not hesitate to schedule a consultation with a reputable business lawyer today. Many lawyers offer free initial consultations, so there is no risk in consulting with them about your business legal matter.