As a small business owner, you wear many hats, from CEO to accountant to marketer. With so many responsibilities, it’s easy to overlook one crucial role that can make a significant difference in your success: a business attorney. Here are some reasons why every small business should have a business attorney.
1. Protect Your Business Interests
An experienced business attorney can help you protect your business interests by drafting contracts, reviewing agreements, and advising you on legal issues. For example, if you are negotiating a lease agreement for a new office space, an attorney can review the terms and conditions to ensure that you are not signing a one-sided agreement that puts your business at risk.
2. Save Time and Money
Small business owners often try to handle legal issues themselves to save money, but this can lead to costly mistakes and time-consuming issues. Hiring a business attorney can help you save time and money in the long run by preventing legal problems and handling issues quickly and efficiently.
3. Stay Compliant with Regulations
Small businesses must comply with a variety of regulations and laws, from employment law to tax law. An experienced business attorney can help you navigate these regulations and ensure that you are following the rules. This can help you avoid costly fines and legal penalties.
4. Minimize Liability
Liability is a major concern for small business owners. An attorney can help you identify potential areas of liability and take steps to minimize your risk. For example, an attorney can help you create a liability waiver for your business or ensure that your employees are trained on safety procedures to reduce the risk of accidents and injuries.
5. Handle Disputes and Litigation
Disputes and litigation can be costly and time-consuming for small business owners. An experienced business attorney can help you handle these issues and protect your business interests. For example, if a customer files a lawsuit against your business, an attorney can represent you in court and work to resolve the issue in your favor.
6. Advise on Business Structure and Planning
Choosing the right business structure is important for small business owners. An attorney can help you understand the differences between a sole proprietorship, LLC, corporation, and other business structures and advise you on the best option for your business. An attorney can also help you create a business plan that outlines your goals and objectives and helps you achieve them.
7. Ensure Proper Record-Keeping
Proper record-keeping is essential for small businesses. An attorney can help you create a system for record-keeping that complies with legal requirements and helps you stay organized. This can be especially important during tax season when you need to provide accurate financial records.
Conclusion
Hiring a business attorney may seem like an unnecessary expense for small business owners, but it can provide many benefits. From protecting your business interests to minimizing liability and handling disputes and litigation, an attorney can help you navigate the legal landscape and achieve your goals. If you need assistance with legal issues related to your small business, contact us at Manes & Narahari LLC. Our experienced business attorneys can provide the guidance and support you need to succeed. Contact us today at 412-626-5626 or email us at lawyer@manesnarahari.com to schedule your free consultation.
