Business Lawyer
When you need a Business Lawyer to help you with your business, call the business lawyers at Parklin Law (801) 618-0699. We want to help you with your business legal needs.
Though any business is profit-oriented, what determines its reputation is its business ethics. Their reputation is usually reflected in its accounting procedures. Even if a business organization follows ethical accounting standards, there is a chance it will face a financial loss due to external factors, such as a decrease in purchase orders, shortage of raw materials, transport problems and so on. These are times when businesses need guidance. This guidance is offered by business lawyers.
Unlike injury lawyers or civil and criminal lawyers, who work in courts of law, a great majority of business lawyers’ work in private firms as legal advisors on consultancy terms, or for the Federal and state government.
Business lawyers help businesses grow without any problems with Federal and state rules and regulations. For example, one business lawyer may help a business firm to raise its capital. Another business lawyer may help a commercial firm by letting all employees sign an agreement so as to prevent its employees from starting their own competing businesses using the firm’s trade secrets.
Business lawyers are specialized in handling all important aspects of running a good and effective business enterprise on ethical principles. They handle dealer practices, contracts of employment, mergers and acquisitions, securities, shareholder issues, trade secrets, business fraud and all other related issues. Many business lawyers represent the business organization for which they work, in any dispute.
Some business lawyers also handle cases for individual employees in business houses, for example in a case when a worker is fired without being paid the compensation that he deserves. Business lawyers in Utah work in specialized areas such as antitrust and trade regulations, business litigation, labor and employment, taxes, workers’ compensation and other related matters.
If you are planning on starting a new business, doing so without the guidance of legal counsel can be biggest mistake you can ever make. If you don’t already have a lawyer representing you, you should obtain the services of a business lawyer who is well versed and experienced especially with regard to corporate matters and startup ventures.
If you are planning to start a new venture, a business lawyer with expertise and experience all of the fields affecting your business–such as labor or employment law, tax law, real estate law, banking and finance or intellectual property–would be your best bet. A business lawyer also helps you if you find yourself with a serious legal problem in the course of your business. A business lawyer helps in many areas from making business decisions to handling serious problems such as an injury caused by your product. If an inexperienced person handles these cases, he or she might cause serious harm to your business. Business lawyers play a critical role in several business activities, such as legal obligations and implications. If you are engaging in real estate acquisitions and dispositions, it is important to consult a business attorney. A business attorney can assist you with contractual drafting and negotiations as well as the acquisition and disposition of assets during a restructuring process. Thus, in every step of your business, right from setting up the venture to running it successfully, you need a business lawyer to help you take right decisions to run your business successfully without legal complications.
Finding a lawyer depends upon the state where you are running or planning to run a business. Since each state has its own code of law, it would be wise decision on your part to hire the services of a local lawyer well acquainted with the ins and outs of business law in the state.
To run a business in US, which has strict business laws and norms, it is always safe to hire a well-experienced US business lawyer. Hiring an efficient lawyer is no easy task. It’s always good to seek references from relatives or friends, who can comment upon the lawyer’s track record and capability. Seeking a reference through the state bar of US is also a good idea. Setting or running a business venture is no easy game, so take the first right step by hiring the right lawyer, to move ahead towards growth and success.
Reasons Why You May Need a Business Lawyer
When you start your own business, you’re handling most of the daily operations yourself. It’s up to you to drum up business, handle customer complaints, manage cash flow and plan your marketing strategy. As your business grows, others will come aboard to help. But, your time will still be limited. You’ll be busy managing others and putting out fires. When legal issues arise, you’ll likely need the expertise and experience of a business lawyer. Here are the possible reasons why the help of a well-trained business lawyer can pay for itself.
• Corporate Structure: Your business attorney should be adept at analyzing your company and helping you select the proper structure. Each type of corporate structure carries a different level of personal liability for you, the business owner. If you choose your business structure without the help of a lawyer, you may unwittingly assume more personal risk than necessary.
• Handle Lawsuits: You’ll eventually need to either file a lawsuit or protect yourself against one filed by someone else. Going to court is incredibly expensive. It’s rarely a worthwhile investment. A good business lawyer can help your company handle lawsuits while avoiding the time and expense of going to court. Often, your lawyer can even prevent legal issues from escalating into lawsuits.
• Review Contracts: Running a business means using contracts. The professional relationships you have with investors, partners, vendors and employees requires the use of contracts to make sure each person’s (or entity’s) rights are protected. Many business owners make the mistake of creating these contracts without legal help. Then, they’re surprised when those contracts don’t provide adequate legal protection in court. Have your business lawyer draft these contracts to avoid issues down the road.
• Labor Laws: As your business grows, you’ll continue to add employees. There are labor laws that protect your employees’ rights. Because you’ll be busy running your business, you won’t be able to keep up with the constant changes made to these laws. As a result, you may unknowingly violate your employees’ rights and find yourself the unfortunate target of a lawsuit. A business lawyer can be invaluable here. He’ll help your company avoid unnecessary labor law legal issues. Depending on the type of business you have and the number of investors in your business, you will need to talk with a business lawyer about entity formation, copyright or trademarks, insurance and other ways to protect your personal assets. The money you invest in a good business lawyer at the beginning of your business, will save you significant money down the line.
• Entity Formation: In US, we like to advise our new business owners to form an LLC – a limited liability company (unless this is not available for your type of business, such as a licensed contractor). The main reason is simple: experience shows that most small businesses will not hold annual meetings and keep minutes. Failure to keep up corporate formalities as a corporation can have devastating effects. A creditor can “pierce the corporate veil” and a court could find you personally liable for the corporation’s liabilities. With an LLC, the failure to have meetings and keep minutes is not considered a reason to pierce the corporate veil in an LLC. A good business attorney will talk with you about the type of entity right for your business and assist with setting up the company correctly.
• Trademarks: If you work hard to come up with a name or design a logo, don’t you want to protect it? By filing for a trademark with the U.S. Patent and Trademark Office, you can protect that name or logo. And a business lawyer will help you to understand the important of doing this first – rather than waiting until you have established your business. The worst thing you can do is spend a lot of money marketing your brand, just to find someone else has registered that name – or a similar name before you.
• Contracts: Contracts for each small business is a must. Some people feel that they can download contracts from a website, but do you know who wrote the contract? Do you know who it was written for? What state law applies? It is not a good idea to start your business with a contract from the internet. Let a good business lawyer prepare the contract you need for your business. Intellectual Property. Is your business a media, design, or another type of creative business? If so, you will find it much easier to deal with trademarks and copyright protection registrations if you have a lawyer. Even if your attorney does not normally handle intellectual property, they will have referrals for you so you can find the right intellectual property specialist for your business. Normally, these will be people the lawyer has worked with before and can recommend based on prior experience.
• Insurance: Insurance is required for a business, but it is not enough. You need to have a business entity to protect your home and personal assets. Hiring an attorney for your small business may not seem to be a requirement if you’re not facing any legal battles. This is not true! You want an attorney who is familiar with you and your business, so if you do end up in a legal mess, they’ll be able to smooth it out. Hopefully, before it ends up in court.
• DBA. Some people use a DBA for their business name. This is good to have and a business attorney can help you with the filings required.
It is crucial for new business owners to hire a good business lawyer to assist them in setting up their business. You want your business to be successful, so be sure to start off with the advice of someone who understands what your business needs.
Is A Business Lawyer Necessary?
You can do many of the things your business requires without the aid of a lawyer. Deciding on a corporate structure, avoiding and handling potential lawsuits, drafting contracts and reviewing labor laws are all possible without hiring an attorney. Millions of business owners do this. However, they walk the precipice of a legal canyon. They’re vulnerable. One mistake can lead to a lawsuit that decimates their business. Hiring a business lawyer eliminates that exposure. It protects you and your company from ruin at the hands of the legal system. Over time, you may find that a business lawyer can be one of your best corporate assets.
How to Find the Right Business Lawyers For Your Organization
Company and business laws in most countries and states are extremely complicated in nature. In fact, the longer they have been in place, the more complex they can be expected to be. It is this complex nature of business laws which makes it imperative for businesses to either hire business lawyers on a project by project basis or keep them on retainers.
The biggest benefit of availing the services of business lawyers is the fact that they can translate these laws into practical actions which a business can cope with. Moreover, their expert advice can also prevent a business from making mistakes that would otherwise turn out to be very damaging.
Business law is a field unto itself. This means that even if you try, you would find it difficult to know enough to be completely sure about your business decisions. Furthermore, time that you may spend on trying to figure out business laws can be better utilized on furthering your business. Hence, the use of commercial lawyers can save you a lot of time, effort and resources.
In a nutshell, business benefits of hiring professional lawyers cannot be denied for any business, regardless of its size. However, the big question is how can you find the right lawyers for your business?
Tips For Finding The Right Business Lawyer For You
Evaluate What You Need Them For
The first thing you need to consider is what you need these types of lawyers for. Even within their specific field of work, there are various specializations because of how vast the field of business law is. Therefore, you should sit down and evaluate the type of work you would need them for, for the foreseeable future.
Consider Your Specific Preferences For A Business Lawyer
Your preferences would also come into play when it comes to hiring lawyers who will offer advice on commercial law. For instance, while some businesses like large business attorney firms, others prefer small scale firms. There are many such preference based factors that you will need to sort out yourself before hiring a business attorney.
Check The Qualifications and Credentials of the Business Lawyer
Once you know what you want from your business attorney, you can actually go about finding the right one. You should begin your search on the basis of qualifications and credentials. Any lawyer without the right experience should be bypassed for better prospects because experience is very important in business law.
Look For Recommendations and Referrals
More often than not, when a business hires a commercial attorney, the objective is to keep dealing with him for all business legal needs in the future. Moreover, the work of such lawyers can have a huge impact on whether the business succeeds or fails. This is why you should never hire a business attorney without checking recommendations and referrals.
Focus On Business Lawyers Who Have Experience in Your Industry
While there are field specializations within business law, there are also specializations on the basis of industries. The reason for this is that different industries fall under different types of business laws. Expertise in a particular industry is desirable, which is why most business attorneys make it a point to operate in only a few industries. From your business’s perspective, you need to make sure that you only get a lawyer who has considerable experience in your specific industry.
When you need a Business Lawyer to help you with your business, call the business lawyers at Parklin Law (801) 618-0699. We want to help you with your business legal needs.
Business Lawyer
When you need a Business Lawyer to help you with your business, call the business lawyers at Parklin Law (801) 618-0699. We want to help you with your business legal needs.
