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When you own a business, you will be dealing with many important issues on a regular basis. Since there are so many details associated with running a business, having proper legal guidance is crucial to making sure any issues that may arise can be handled in a professional and responsible manner. In many cases, it may benefit you to work with more than just one type of lawyer. As to which lawyers you should keep on hand for your business, here are some of the most important.
Since your building is the biggest asset you have for your business, always work closely with real estate lawyers to make sure you understand any contracts you sign, what’s involved in leasing property, and other issues. If you plan to expand your business and add multiple locations, you’ll need a real estate attorney and their advice on a regular basis. Depending on how long your lease is, you may be able to hire someone every few years instead of a monthly retainer.
Even if you have a fantastic business and are on excellent terms with your clients and customers, all it takes is one accident to suddenly find yourself and your business facing a lawsuit. Whether it’s a slip and fall accident, defective product, or other issues, working closely with a personal injury lawyer can be the difference between having to pay out millions of dollars to alleged victims, or instead settling out of court for a much smaller amount. In the best-case scenario, your attorney may be able to persuade a judge to toss out the lawsuit altogether. This is more for your employees than it is for your customers. Sometimes accidents happen at work and though you want to take care of your employees, you don’t want the insurance companies to take advantage of you so a lawyer can help with that.
If your business is one where you have numerous patents or other types of intellectual property, having a lawyer who specializes in this complex area of law can be crucial. From patents and copyrights to other related issues, it is not uncommon for businesses to find others are trying to take their ideas and use them as their own. By having a lawyer who knows this area of the law, you can have any potential problems solved before they spin out of control. Even things such as software that only your employees have access to will need to be protected. Oftentimes, employees will be asked to sign an NDA, which is something that you will need a lawyer to draft so that it is a secure way to protect whatever your business provides that is unique and useful.
Finally, you should always hire a tax attorney to help you with your business. Since tax laws from the IRS change almost yearly and become more and more complex along the way, having a tax attorney who can explain the changes and how they impact your business can be a way to avoid many costly and potentially criminal mistakes. Many firms that offer tax attorney support also provide accounting support that can be bundled together in a contract to ensure that you have every aspect of your business’s financial assets.
By seeking out legal advice from experts you trust, your business can continue to profit and steer clear of any devastating legal problems. Additionally, you can focus your time and concern on what you enjoy the most about your business instead of navigating through the legal side of being a business owner.
By Anica Oaks
who is a freelance writer who hails from San Francisco. When she’s not writing, she’s enjoying her time outside with her dogs.