Key Reasons To Hire a Business Attorney

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Key Reasons To Hire a Business Attorney
Hiring a business attorney is very important, as
you will need their guidance from the stage when
you are still contemplating to start a business.
There are several important reasons for hiring
this type of a lawyer. You will need to consult
him to decide which kind of entity you are going
to start
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When You Start a New Business

• When you start a new business or when you convert
  a sole proprietorship or partnership into a
  corporation or LLC. A good business attorney can
  help you understand the different business
  entities available and help you prepare the
  necessary paperwork

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When You Enter Into Contracts

• As a business owner, you will do business with a
  lot of people suppliers, service
  providers,landlords customers, and even your own
  employees! Most of your transactions will be
  subject to written agreements, and if you have
  employees, you should at least have an employee
  handbook with at-will language, a confidentiality
  clause and more! You need a lawyer who knows your
  business well enough to help you negotiate good
  contractsor at least advise you of the risks you
  face when you sign the agreement

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Taxes and Required Licenses

• Your business attorney may not want to give you
  detailed tax advice, but he or she certainly can
  give you a general understanding of the potential
  tax consequences of your particular business
  entity and your intended transactions. Your
  business attorney can help you obtain federal,
  and state tax ID numbers and will make sure
  youre properly licensed to operate your
  particular business.

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When You Hire a New Employee

• When you hire your first employee, youll want to
  make sure you comply with the various federal and
  state rules and regulations. Even before you hire
  an employee, the way you draft your job
  description, the interview questions you ask and
  the way you dig into your prospective employees
  background are all ripe areas for problems.

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Before You Need It

• The best time to hire a business attorney is
  before you need one! Look at it this way you can
  wing it and risk defending a very expensive
  lawsuit, or you can spend a few hundred dollars
  now and reduce your risk of being sued later.You
  can go to the dentist for regular checkups and
  cleanings and pay a small fee, or you can wait
  until you have tooth decay and pay for
  extractions, root canals or more!

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Stern Law Offices
Litigation Law Firm