If you own a business, a question you must’ve stumbled upon quite often is “Do I need a business lawyer?” On one hand, business lawyers safeguard you against every legal obligation your business has to follow; on the other, they can charge considerably.
The decision can be proportionally tougher if you are just starting a business or have a small one with limited employees. While it’s normal for small businesses to handle legal obligations by themselves, it’s advised they at least consult a lawyer. On consulting, the lawyer may point out any issues you are facing or you might face in future, which could potentially cost you handsomely. In this context, hiring a lawyer saves your business more money in the long run.
Advantages of Hiring a Business Lawyer
The best way to make the decision of hiring a lawyer is to consider all the advantages they bring to the table when they come along. Here’s a list of benefits you’ll receive when you hire a business lawyer.
As a business owner, you’re expected to be well versed in the realm of business knowledge. But it’s best to leave the legal matters to the professionals.
If you’re starting a business, a business lawyer can guide you on the type of structure your business must follow, such as a sole proprietorship or partnership. Additionally, they can also help you decide a location for your business, as different states have different laws, and come with their own advantages, such as tax benefits. And while the lawyer focuses on the legal matters, you, as a business owner can focus on the business matters, such as ensuring profitability.
One thing most businesses have in common is tons of documentation. From starting the business to maintaining it on a daily basis, customer contracts or employee agreements, the paperwork is substantial.
Hiring a business lawyer can take a load of documentation off your chest, especially if you are a small business owner. It’s also more practical for the professionals to handle the documentation, as any inconsistency in a detail can lead to a mishap, and potential lawsuits. If you already have your contracts in place, get them reviewed by a lawyer to ensure they involve all the essential constituents.
Deal with Lawsuits
Not only does a lawyer help prevent potential lawsuits, but they can also act as a defense for your business if things were to go to court. Initially, business lawyers check whether your business aligns with the state laws, if not they’ll ask you to make the necessary changes.
A logical thing to do would be to hire a lawyer beforehand and ensure you abide by all the requirements so as to prevent a lawsuit in the first place.
Protect your Intellectual Property
Intellectual property is a crucial asset. As a business, you must protect the rights to your logo, product designs, patents and trade secrets. A business lawyer can help you secure rights to your intellectual property, by first cross-referencing them against other businesses and filing for copyrights consequently.
Finding a business lawyer in Downtown Calgary
You can never go wrong with having a lawyer by your side. If you wish to hire business lawyers in Downtown Calgary, contact Du Plooy Law, and you don’t have to worry about finding the right lawyer anymore.