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If you own your own business, you face a number of decisions from how to structure your business when you first open to whether or how to go about selling your business when the time comes. While you can make these decisions on your own, the guidance of a business lawyer can help you navigate the legal process while avoiding greater expenses or legal hassles down the road.
Here are five scenarios in which you might need to hire a business lawyer:
When determining the best legal structure for your business. How do you know if you need to form an LLC or a corporation, or enter into a partnership agreement? A business lawyer will walk you through the pros and cons of various business structures and help you determine the best legal structure for your business. Once you determine the legal structure that is the best fit for your business, a business attorney will help you register the paperwork to get your business off the ground.
When writing contracts and non-disclosure agreements. Contracts and non-disclosure agreements (NDAs) are a normal part of every business. A business attorney can draw up these documents for you, ensuring all your bases are covered and that you are protected in the event of a disagreement or fallout with an employee or client.
When filing a patent. Patents are time consuming and take years to get through the approval process. They are also very expensive. In some cases, a patent may not provide any real advantages to you or your business. A business lawyer will evaluate your product and help you determine if a patent is necessary or beneficial.
When buying or selling a business. When it comes time to buy or sell a business, you need a lawyer on your side that can help negotiate agreements and contracts. If your business is a partnership or LLC with multiple owners, you will need a buy-sell agreement in place from the beginning to protect you in the event one owner wishes to transfer ownership, or if one owner dies.
When facing litigation. It isn’t uncommon for businesses to face lawsuits by customers, or even current or former employees. A business lawyer will help you navigate the legal process and work to help you achieve the best possible outcome.
If you are facing one of these scenarios, contact the experienced business law team at The Law Offices of Tim O’Hare to help save you time and money on important legal matters.
Call The Law Offices of Tim O’Hare for your FREE Case Evaluation
972-960-0000 or Toll-Free 888-960-0020
