Those who either want to start or have already started a small business always wonder whether or not they will actually need to hire a business lawyer. The big belief is that attorneys always charge high rates for their services, which a lot of small businesses can’t afford.
You don’t actually need an attorney to help with every aspect of your business; however, it’s always a good idea to hire one to help you whenever you need it.
Here is a list of the issues in which you will need the services of a business lawyer:
*Former employees suing you on the grounds of discrimination in either hiring or firing, or alleging that you provided a hostile work environment
*Environmental issues involving your business, even if your business didn’t cause the issue
*Negotiating the eventual sale of your company or acquiring another company or its assets
*Complaints or investigations being filed against your business by local, state, or federal government entities for violating any laws
*You’re seeking to make a “special allocation” of both profits and losses and also want to contribute property that’s appreciated to either your LLC agreement or partnership
Hiring a business attorney will also help to prevent any of these issue from happening in the first place. Even consulting with one is a good idea to consider, such as a consultation agreement, which will involve you doing most of the research, while the attorney provides legal guidance or review.
Thank you for visiting the Hollister Legal blog, an Austin startup business lawyer.