Categories: Legal News

Why Hiring A Lawyer For Your Small Business is A Must

Some people have not realized the importance of a lawyer until they got in trouble. If you are starting a business, you probably need help from a business lawyer. There are various reasons why you need one. Consider the following reasons to help you decide in hiring a lawyer.

Legal Forms and Documents

A business lawyer knows every bit of information in business legalities. He/She can help you with the forms and requirements of legal documents necessary in starting your business. You know that you are on the right track with a lawyer's helping hand. This will save you from future problems regarding the legality of your business.

Focus on Other Business Start-ups

Start-up requires a lot of work. Since you are just starting, there are so many things you need to focus on. However, it is hard to do two things at once especially when you are all by yourself. Having a lawyer helps you focus on other aspects of start-ups such as value proposition, channels, customer relationships, cost structure, etc while the lawyer handles the legal processes involved in your business.

You Got a Helping Hand

As you focus more on other aspects of start-ups, your lawyer can handle other tasks such as trade marking your name, reviewing lease documents, discussing potential legal structures, and preparing incorporation forms.

Skills you should look for in a business lawyer

The first thing you need to start your business is a contract. Your lawyer should be skilful and knowledgeable in drafting a contract. A properly drafted contract is the most cost-effective way to protect your business. From inventory purchasing, sale of goods or services, equipment leasing and purchase, logistics, hiring practices, and employment policies, contracts are important. Your lawyer should also help you in responding to contracts in which other parties want you to sign.

If you have decided on what legal type of business you want to pursue, whether you want an LLC, LLP, or corporation, you need a knowledgeable lawyer who can help you prepare the necessary paperwork.

If you are planning to lease a commercial space for your office, your attorney should know how to add “tenant's addendum” that could benefit you. Since lease agreements are always drafted in favor of the landlords, this tenant's addendum should contain provisions that could also be favourable to you.

The registration of your business for federal and state tax identification numbers should also be the task of your lawyer. In addition, he/she should understand the tax consequences of the basic business transactions your business will engage in.

Those are some of the basic skills that your business lawyer should have. It is also important to take note that a lawyer who specializes in small business is the best choice.

Whatever legal assistance you need, contact Van Tubergen, Treutler & Hayes, PLLC at 616-844-3000. We serve clients near Grand Haven, Muskegon, Ottawa, and Holland in Michigan.

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