Just the mere mention of an attorney makes most of us see dollar signs. However, it is important to use a business attorney when necessary. The cost of their expertise and services can often save you money in the long-run.
A business attorney can help you to foresee problems and head them off before they become a big, and often expensive, issue for your business. Establishing a relationship with a business attorney can be a good step in starting and growing a business. They can review what you are doing with your business and let you know about any legal ramifications you might not have thought about. You might want to consider a business attorney as one of your business advisors.
What can a business attorney do for your business?
Help to ensure that your business is in compliance with standard business practices and laws. Assist you in complying with tax laws and regulations. Help you prepare business documents and contracts to make sure they are legal and in your business’s best interest. Provide you with confidential advice on personnel, financial and legal issues. Provide negotiation skills if you wish to sell your business or merge with another business. Assist you in obtaining permits and licenses required to conduct your business.
While the services of a business attorney can be expensive, the costs of cleaning up a mess caused by not using their services can be much higher. If you start out with a business attorney and allow them to help you set your business up correctly, then the cost of your business attorney can actually save you money over time.
Selecting the best attorney for your business requires that you do some research. You might want to ask other business owners in your area who their attorney is. Find out who they like, do not like, and why. Call around to possible attorneys and see if they will offer you an initial consultation to help you to make a decision on the best attorney for your business. Once you have met with a possible attorney for your business evaluate if you would be comfortable working with them. Once you have found a good candidate you should check with your state bar and see if the attorney you are considering is in good standing with them.
The question you should consider is not if your business needs an attorney but if you can afford to start a business without one.