Does your business really need an attorney? Hiring an attorney is expensive and you can probably handle all of the paperwork an attorney does by yourself. You couldn’t be more wrong and while a business attorney will cost you money they do help your business in the long term, here are some reasons why you really do need an attorney.
Starting Your Business
When you first set up your business you are going to need to decide whether you want to incorporate or not, will you have a partner or are you going on your own. No matter the legal setup, every business comes with tax concerns, liability issues and other paperwork that needs to be filled out. An attorney can help you with all of that. Here are the different business structures.
Permits and Licenses
In many jurisdictions you will need some type of permit or license to operate depending on the type of business you have. Trying to get the right paperwork together for the government is never pleasant nor easy so why not leave it to an experienced attorney.
As your business grows you may need to take on more staff and hiring staff comes with risks. You have to adhere to employment law and that includes everything from discrimination to health and safety. An attorney can help you put together policies to protect your business.
Putting Together Contracts
While running your business you’re going to have contracts with your clients, suppliers, advertisers and plenty of other businesses. If you aren’t an attorney yourself you are going to want to have an attorney look them over. Regardless of who the contracts are with you are legally obliged to stick to them. Better be safe than sorry and have them drawn up or looked over by a legal professional.
Filing Your Taxes
You can’t run a business without paying taxes and if you try you could find yourself in a whole heap of trouble. While many business rely on an accountant to take care of their taxes for them you may also need an attorney as well. Taxes are complicated and the rules can be hard to follow no matter how good your intentions are. Work with a tax attorney to make sure everything goes smoothly.
You may not think that your business needs to use an attorney, but that isn’t actually the case. Working with an attorney may cost a little more upfront but they can save you a fortune in the long run if you are ever faced with legal action.