The strengths of the business owner are his attorneys and his accountant. They are there to protect you from difficult situations before they occur.
Business attorney job description:
Business formation:
Businesses can be formed in many ways like c-corporations, partnerships, LLCs, partnerships with different benefits. Small business attorneys can guide you on which is best for you according to your needs and requirements.
Review and drafting business contracts:
Contracts are necessary to defend your business and to make sure everyone knows their rights and responsibilities. Good business attorneys will make sure that contracts are legally approved and will protect you if any problem occurs. Your small business attorneys can support you with draft and review contracts such as freelancer contracts, intellectual property agreements, and employment contracts.
Business litigation:
A small business attorney can protect you in court and in front of government entities if a lawsuit occurs against you.
Business debt collection:
Small business attorneys will help you with clients who do not pay their bills and will make sure that your debt collection process must be legally valid.
Drafting business partnership agreement:
To make sure that all the rights of the party are safe, you should make a formal agreement such as the Founders’ agreement, operating agreement, or partnership agreement. Your small business attorneys will help you in drafting these agreements and making sure that all parties are equally supplied.
Negotiate business contracts:
A small business lawyer can help with discussions related to things such as:
For office space: An office lease can grasp many concealed issues. The work of a small business lawyer is to protect your interests before signing up and inform you when you do not get a great business deal.
With other vendors: To make sure your business works well you need help from other companies. A small business lawyer will check your vendor contracts before you sign them to make your business remains protected in an all-over supplier relationship.
For mergers, acquisitions, or business relationships: Your small business attorney will guide you if are getting an opportunity or potential issue. Your business attorney can also assist you to establish relationships or collaborations with freelancers and other businesses.
Managing organization documents and filling annual fees:
Your business lawyer will keep a copy of your organization’s documents and of your annual fees so that if there seems some issue, he will control it straight away.
Determine employee or independent contractor:
A small business owner will help you to handle the difficult legalities of unpaid versus paid interns and employees versus independent contractors.
Defend a company from disgruntled customer:
Your small business lawyer will help you with the customers who are threatening litigations that may link to you or not.
Advice on business taxes:
For your new business, small business lawyers can guide you on tax benefits.
Protecting intellectual property:
Your small business lawyer will save your property through copyrighting, patenting, trademarking.
Protecting confidential information or trade secrets:
To protect confidential information or trade secrets to be leaked, your small business attorney will make sure that your all confidential information or trade secrets are safe from misuse.
Social media concerns:
If the other users post to your website through comments or content, then you must have a review of that. You also have clear information about the rules and prizes of raffles, giveaways, and contests. If any employee posts something wrong on social media about any colleague during office hours, then the employer must be answerable for his actions. Your business lawyer deal with all these situations by giving them a clear social media policy in the employer’s contract or handbook. You should have complete knowledge of privacy laws and the proper use of emails while signing up for a website or blog. Your business attorney will help you with this too.
Terms and conditions and privacy policy:
If you have customer interaction or financial transactions then your term and conditions and privacy policy will explain how customers’ personal information is used.
Structure financial documents:
Your lawyer will tell you how to make structure financial documents and draft agreements with lenders or investors.
On-site:
Your small business lawyer will help you if you need general liability insurance for events like conferences. If you are working in another state, then you should know the state laws. Your business attorney may have contacts in other states with lawyers. He will consult with you.
When do I need a Business Attorney?
These are some situations when you need brilliant small attorneys with you:
- You and your business partners are making special provisions for the allocation of profits and losses in your LLC operating agreement or partnership agreement.
- You wanna contribute appreciated property to an LLC or partnership.
- Any major environmental issue can come, maybe in your current business or in one you are buying. Environmental problems can create heavy penalties for the landowner.
- A current or former employee scare to sue your business for sexual harassment or discrimination.
A small blunder from any of the above areas can cost your business serious money and get criticized. That is why you need any expert small business attorneys to protect your self from all general issues and to save your money and time.
