When it comes to a business dispute, it is important to know what to do and where to turn. An experienced business law attorney can help you resolve disputes and protect your company and its interests.
Running your own business is an exciting and rewarding job. What could be better than doing what you love and running your business the way you want to?
But of course no business becomes a well-oiled machine overnight. There is no doubt that running a successful business takes a lot of hard work and dedication. According to the Small Business Administration’s Office of Advocacy (SBA), about four in five businesses survive the first fiscal year, while only about half survive five years or more.
One of the keys to running a successful business is knowing when to ask for help. Let’s face it – no business owner is able to do it all for themselves.
Fortunately, a business lawyer can be a huge asset in helping your business grow and prosper.
Here are three situations in which you might want to hire a business lawyer.
1. Entity formation
Before you even have a company to grow and nurture, you need to create it. But where do you start
There are several types of business units to choose from. Examples of business units that you might consider for your company are:
- One-man business,
- Partnerships,
- LLCs and
- Companies.
Everyone has different advantages and disadvantages, so deciding what to choose can be overwhelming. Fortunately, you don’t have to make the decision yourself.
Man reading business newspaper; Image via Adeolu Eletu, via Unsplash.com.
A business law attorney can help you choose the type of business that best suits your goals and needs. Then he or she can help you steer the process of actually meeting the legal requirements for setting up your business unit.
2. Contract drafting and review
People often assume that you don’t need a lawyer until an argument arises. However, this is not necessarily the case.
In fact, having a lawyer in your corner can be a great way to prevent disputes from arising in the first place.
One of the best times to contact an attorney is when you have contracts that need to be drafted or reviewed. Making sure you have a valid, legal, and enforceable contract is critical to the success of your business.
Regardless of whether it is an employment contract, a commercial lease or an order contract, the advantage of having an experienced business lawyer who can help with drafting or reviewing contracts cannot be overstated.
3. Business Disputes
A Houston business attorney said, “Almost all successful businesses inevitably encounter disputes.” No matter how successful your business is, there is always the possibility of a dispute.
Examples of business disputes that may arise in the course of running the business are:
- Disputes between employers and employees,
- Breach of contract,
- Infringement of intellectual property,
- Product liability claims,
- Debt collection problems,
- Disputes with business customers and
- Company property and partnership disputes.
Of course, we all want to avoid any arguments in the first place. Unfortunately, this is not always possible.
When it comes to a business dispute, it is important to know what to do and where to turn. An experienced business law attorney can help you resolve disputes and protect your company and its interests.
Comments are closed.