If you’re a small business owner, chances are that you already have a professional insurance agent, accountant, and even a small business mentor on your team to advise you. But what about a business attorney?
You probably won’t need a business attorney like Tittle & Perlmuter on a day-to-day basis but in business, there are also dark times when only an attorney can help you out. If you are still unsure whether you need a business attorney on your side or not, here are 6 reasons why you should consult a business attorney for all your small business legal problems.
You Are Dealing with a Tough Employee Issue.
Even the smartest businessman will tell you why it is always important to have a good business attorney at your side when you are dealing with a tough employee-related issue. Here are some scenarios in which a lawyer should always be present to advise you.
When hiring an employee, there are certain questions which you can’t ask from interviewees. Questions can result in discrimination and that can fire back at you. An attorney on your side can help you draft an interview that does not have these questions.
If an employee sues your company for a reason, such as personal injury, or anything else, if you don’t have a lawyer to defend you, then you might end up paying a whole lot in compensation. Be always prepared because employees will always come at you with a good personal injury lawyer.
You Are Struggling with Business Structure.
As a business owner, the first thing you are probably going to do is decide how you want your small business to be structured. Whether you go for a sole proprietorship, LLC, partnership, nonprofit, or corporation, the decision will impact a lot of things in your business. For example, you will have different tax obligations, liabilities, ongoing expenses, setup fees, and funding problems based on the structure of your business.
These are few things only an experienced business attorney like Tittle & Perlmuter can guide you on. With their help, you will be able to make the right decision for your small business. Moreover, the attorney can also help you create and file the necessary documents for your business structure.
You Are Buying or Selling a Business.
If you are someone who doesn’t like starting things from scratch, then you are probably looking for a small business to acquire. The sale and purchase of a business is a complex transaction that has many aspects a layman may not be aware of.
Some of the issues that are common in such a transaction include valuing the business, acquisition documents, and purchase agreements, transfer permits, licensing, and more. Similarly, when you are selling a business, you will have to address these issues. Therefore, having an experienced business attorney on your side can help you acquire or sell a small business smoothly and make the best out of the transaction.
Local Government Body Files a Complaint Against Your Business.
At times, a government body may have reason enough to file a complaint against your business. Getting around this is something of a very tough ride that should only be dealt with an experienced business attorney at your side. There are many reasons a government body may file a complaint against you. These include investigations by the labor department, IRS disagreements with your tax returns, and more.
Running a small business is not just about having a good team of employees and management. A good business lawyer on your side can make a whole lot difference and save you in times when no one else can.
This article was originally published on Youngupstarts.com