Small business owners have a lot of responsibilities. However, legal responsibilities aren’t usually their forte. So, in order to take care of their legal matters, they’re highly advised to get a legal professional on their business team.
A well versed business lawyer is a perfect addition to any small business owner’s team. That alone is a good reason why you need a business lawyer.
Think about it. If your business comes under legal scrutiny, you won’t be able to defend yourself or your business against the legal system. You’ll need a lawyer to walk you those matters and, eventually, help you win your case.
Business owners should always think of the worst—when it comes to legal issues. And, when you think of the worst legal issues, the best solution always involves hiring a lawyer to help you and your business out.
When you might need to hire a lawyer for your business
Hiring a business lawyer is an investment. But, it’s a good investment for any well-meaning small business. In fact, any small business owner who’s serious about succeeding should have some sort of legal aid on their team.
You and any business associates may need a lawyer for the business if:
- You want to delegate profits and/or losses in your partnership or LLC operating agreement.
- You want to contribute any appreciated property (or other assets) to a partnership or LLC.
- You’re planning to buy a business, however there’s a major environmental issue that needs resolution.
- You or your business is facing the threat of being sued by an employee, a former employee or another party.
Any one of these issues presents a large legal threat to a small business. And, if you don’t have legal aid on your side, fighting those very issues can take a large toll on your business in the end.
Of course, you don’t need a business lawyer for minor legal matters, such as registering business names, trademarks and even hiring work prospects. But, when the legalities get tough, you won’t be able to get through them without professional legal help, in most cases.
Getting a business lawyer might not be the first thing you do, but it should be on your list of things to secure for your small business team. Without having some sort of legal protection, it gets incredibly difficult to navigate the legal system on your own, especially if you have a small business at stake.