Law

Why you Might Need a Business Lawyer

If you run a business, some issues can arise seemingly out of nowhere. Maybe you need some paperwork or you face legal restrictions. An attorney will give you peace of mind as you focus on growing your business. Here are the reasons why you might need a business attorney.

To help you choose the right business structure

Some business structures terminate after the conclusion of purpose, while others continue until a formal dissolution takes place. If the structure is not right from the word go, you could face some legal issues down the road. But with a good attorney on your side, you can be sure your business is protected.

Drafting contracts

The contracts for vendors, employees, and customers should be reviewed by a business lawyer. He or she will provide clarity and ensure all the items are captured. Also, when you’re about to draft an agreement, you need an attorney to review it. This provides some kind of indemnification and protection in case of a breach of contract.

Prevent lawsuits

If you’re threatened with legal action, having a lawyer on your team will give you an edge in a legal dispute. In addition, an attorney will ensure your business operates per federal employment laws. If you’re proactive, you’ll avoid countless headaches down the road.

Help you avoid mistakes

When you run your business, you’ll come across many pitfalls. An attorney will help you avoid problems that could save money. For instance, the best business lawyers in Phoenix can help you navigate complicated tax matters. He will respond to preliminary tax questions and work together with a CPA.

Protect your rights to intellectual property

If your business is based on a specific product, the logos and designs are trade secrets of value. But in today’s competitive market, you can easily lose them to your rivals. That said, your intellectual rights require filing registration of patent, copyright, and trademark. If you have an innovative product and you work with a third party, there could be a disclosure of intellectual property. The best business lawyers in Phoenix will protect and preserve your rights.

Can help you apply for permits and licenses

When you want to start a business, you should give public notice to give your intention. An attorney can help to prepare all the documents with the relevant offices. Furthermore, such professionals will conduct due diligence when buying or selling company assets. They will write purchasing agreements and transfer the permits to continue with the operations.

Do you need business partners? Do you need liability protection? Do you want to start a business as a sole trader, limited liability company, or corporation? Whether you have short-term or long-term business goals, an attorney will help you make an informed decision.