You would truly be surprised to learn just how many businesses that do not ever consider putting a good lawyer on retainer. In fact, they consider it a fast of money, but they are sorely mistaken. There are actually tons of different reasons that any business should have a good lawyer on retainer. Just one slight mishap and you could be looking at a legal situation that results in you closing your doors. However, by having an attorney on hand you not only have someone that is familiar with your business, but you don’t have to waste time scrambling around trying to find a lawyer that will fight for you. This is just one of the many reasons that any company could benefit from having a lawyer on retainer.
Helping You Incorporate Your Business
A lawyer can come in extremely handy when you first establish your business. Not only will you have to sign all kinds of different legal and loan contracts that are filled with legal jargon, but you will also have to decide how to structure and incorporate your business. For instance, you can incorporate your business as a Limited Liability Corporation, a C-Corp, or an S-Corp. Each of these incorporations will come along with different tax implications and unique structures. Choosing the right structure that will meet your short and long-term goals could be crucial to the success and protection of your company. A good lawyer will not only handle all the paperwork for this incorporation, but he or she can advise you, as which would be the best selection for the type of business that you are running.
Protection From Business Partner(s)
In a perfect world you would never have to worry about the individual that you go into business with, but unfortunately that is not the world you live in. It is always imperative to make sure that you take the proper precautions to ensure that your business partner or partners uphold their obligations at all times. One bad seed could be the downfall or your company. However, a lawyer can draft what is known as a partnership agreement. This agreement will clearly outline all the responsibilities and duties of each of the partners and ensure that they hold up their end of the deal, otherwise they will face harsh, negative repercussions.
In addition to this, a larceny defense lawyer can represent you and your business, in the event you become a victim of burglary or robbery.
Protection From Employees
Once again, you probably wouldn’t think that you would ever need protection from your employees, but that is not always the case. In fact, more and more employees are trying to sue their bosses and company for some kind of frivolous claim. And, in most cases, the employee ends up winning because the company wasn’t properly prepared. In addition to this, if your employer does something to get sued by a customer your lawyer can step in and ensure that the company doesn’t face harm.
Lawyers Cannot Be Mimicked
While there are tons of accounting and organizational apps available online, there is really nothing that can substitute a good lawyer. These attorneys are highly skilled and have years of specialized knowledge that can keep you and your company safe in a variety of different conditions. Sure, you can find answers to simple legal questions online, but nothing will replace the qualifications and knowledge of a good, experienced business attorney.