Some people start a small business to be their own boss. Other people want to build something from scratch and turn it into a success. Other people hate to think about having a full-time job. Starting a business is a big challenge. People usually run into problems. Small businesses face these problems from day one:
- Severe cash flow issues;
- Finding and keeping clients/customers;
- Dealing with government regulations;
- Finding competent employees;
- Motivating their own employees;
The problems do not stop there. Every day brings new challenges. All these problems are a good sign that small business legal advice should be a priority for every small business owner. Good legal counsel brings peace of mind and allows business owners to take care of the problems responsibly and effectively.
How to Get the Best Small Business Legal Advice
Speak with a lawyer only. Legal advice from friends or relatives, although well-meaning, can cause irreparable damage. With the best of intentions, they simply may not understand the full legal picture and legal frameworks crucial to your business. Laws change all the time. They are rightly busy with their own issues and cannot be expected to be up to date on abstruse legal matters.
Finding a good attorney can be very tricky. Not every lawyer is qualified to give good advice. Only a lawyer with experience in your area of business can give valuable legal advice and help you grow.
Do you get along with your lawyer? If the lawyer answers your questions and you understand the answers, and the answers are professional and well-thought-out, then you are in good hands. Your lawyer has to have good communication skills.
The right time to look for small business legal advice is before the problem happens. You do not need to be a psychic mind reader to predict a problem. It is too late to start looking for a good attorney when you receive a court summons.
Why Hire a Lawyer for Your Business
Hiring a good lawyer will make your life easier. It will give you a strong chance to concentrate on your business and customers. You depend on your customers.
Lawyers handle joint ventures, drafting business contracts, compliance with local and federal government regulations and laws. Add to the list all kinds of agreements: IP licensing, technology and product licenses, non-disclosure, non-competition, distribution, and agent/agency agreements.
You know you can’t make everybody happy all the time. Many companies face litigation problems, some frivolous in nature and some real. When a lawyer protects your company and advises about lowering legal risks, fewer people are likely to sue. A business lawyer will look out for your interests. And if you do get sued, he will know the best place to turn to get you efficient and bargain-priced assistance.
Have you ever tried to read a legal document written in legalese? It can be a nightmare. Legalese and “boilerplate” contractual language confuse everybody except attorneys.
If your company is not yet large, you do not need to employ a full-time lawyer. But when you run any kind of a serious business, hiring a lawyer is a necessity, and that is where your dedicated general counsel from Inside Outside Counsel comes in.