6 Reasons You Need to Hire a Business Lawyer (Even if You Don’t Think You Do!)

probate law
4 Things Everyone Should Know About Probate Law & How it Works
November 20, 2018
business formation
How to Choose the Right Type of Business Formation: Understanding the Differences Between an LLC, Partnership & Corporation
November 21, 2018

6 Reasons You Need to Hire a Business Lawyer (Even if You Don’t Think You Do!)

business lawyer

Does your small business have a lawyer on its side?

If not, you should consider finding a business lawyer right away. Lawyers will be there when something goes wrong for your business, but there are other benefits they can offer as well.

Keep reading to see how a business lawyer will benefit you.

Find a Business Lawyer Before You Need One

Meeting with a business lawyer might seem like an unnecessary investment. But it can actually cost you even more to not have one. Here are six times you will need a business lawyer:

1. You’re Investigated by The Government

You’ll need a business lawyer on your side anytime the local, state or federal government files a complaint against your business.

This can be for a lot of different reasons, such as the IRS auditing your company. These processes can be a major headache, which is why you need a legal expert on your side. They’ll handle all the paperwork for you, so you can focus on running your company with less stress.

2. Your Business is Sued By a Customer

Lawsuits are something you never think will happen to your business until it does. A business lawyer will help you avoid being sued, by giving you legal advice on how to prevent customer injury or other tragedies in your workplace.

This is one way you’ll save money. Being sued is extremely expensive. The legal fees, lawyer fees, and other expenses will add up fast.

3. Your Business is Sued By an Employee

Customer lawsuits aren’t the only risk you’ll run into as a small business owner. Employees can also sue you if you’re in breach of employment laws, for workplace injuries and more. Again, it’s a good investment for you to meet with a business attorney to prevent these lawsuits as much as possible.

4. You Want to Sell Your Business

Lawyers don’t just come in handy when you’re being sued. There might be a point when you want to sell your business or someone wants to buy you out. In this case, you’ll need a lawyer to review agreements and help you fully hand over rights to the new business owner.

5. You Want to Franchise

Franchising is another time when you’ll need a lawyer on your side, or at the very least, one will make your life a lot easier.

In this case, a lawyer will handle any taxes, real estate, and other contracts that need to be figured out. They can also help write up franchise agreements if you will have other people managing your locations.

6. Your Business is Involved in an Environmental Issue

There are a lot of battles over the environment going on right now, and you’ll need a lawyer to help you navigate what your company can and can’t do. You might also need a lawyer if you violate an environmental law and are sued by the government or private parties.

This point is especially relevant if your business is involved in the construction, engineering or oil industries.

Learn More About Business Law

You need to hire a business lawyer before problems come up. Hiring a lawyer is a preventative measure, and they can help prevent tragedy before it happens.

If you’re a small business owner, contact Derryberry and Associates today. Our team of experts will save you time and money by catching things before they cause serious problems.