One of the most common questions asked by business owners is: ‘When do I need to hire a lawyer?’. Hiring a lawyer, or any legal services for that matter, can be expensive, and so most business owners put it off for as long as possible.
While financially this might seem like a good move, in reality, it’s a terrible move to make. By the time you have realized that you need a lawyer, it’s too late. Despite the costs, there are times that business owners need a lawyer, times when legal advice is crucial.
To help inform you about when your business will require a lawyer, we have put together a simple guide, below:
Getting a business license
Before your business can legally operate, it needs to have a business license. If you fail to get a business license or apply for the wrong one, the consequences can be serious. That’s why it’s a good idea to get in touch with a business licensing attorney for advice and support.
You might think that you don’t need an attorney for this, but with all the forms you have to locate and fill in, you will need some help.
Litigation is one of the most common times when business owners require the help of an attorney.
Litigation can include anything, from being sued by a former customer to a former employee. It can focus on anything, from the breaking of a contract with a supplier to an investigation for criminal activity.
Whatever situation you are in, as soon as you are aware of that litigation may occur, you need to hire a lawyer.
Buying or selling a business
Whether you are selling your business or buying a new one, you will need the help of a specialist attorney. Buying or selling a business involves various contracts and negotiations, which can be tricky to deal with. That’s why having the help of an experienced attorney is a must.
Before you even consider selling or buying a business, it’s crucial that you contact your lawyer for advice. There is a lot to selling and buying a business, and it can be easy to get confused, that’s why having a lawyer on hand is a must.
Filing a patent
Patents are incredibly complicated to apply for, in fact, they can take months or even years to be approved. The forms and documents are complex, so it’s worthwhile hiring a specialist patent lawyer to help you.
When it comes to filing a patent, there are hundreds of laws that need to be taken into consideration. So it’s crucial you have a professional lawyer on hand to help you deal with it. Without the help of a specialist lawyer, you could easily end up filling something in wrong or missing something out.
While you may not want to hire a lawyer due to the cost, there are certain times where hiring a lawyer is necessary. In certain areas of business, the law can be rather complex and hard to navigate, that’s why having a lawyer on hand is important.