Running a business often requires a number of people outside of it to help it function – business mentors, janitors, and insurance agents, to name a few. However, one such professional that every business should have, at least in certain circumstances, is a business attorney. While you likely won’t be requiring the services of a business attorney every day, it is always a good idea to be contracted with one for the following reasons.
A Charlotte Business Attorney Can Help When You Are Purchasing A Business Or Negotiating The Sale Of One
Hiring a business attorney is crucial when it comes to purchasing a business, as they will be able to help you with a wide variety of legal factors that the layman simply doesn’t understand. Business attorney can help you turn the law to your full advantage and make sure you aren’t getting taken advantage of in some way.
Business attorneys know how to:
- Transfer permits and licenses
- Write purchase and acquisition agreements
- Value a business
- Do due diligence
Conversely, if you are selling your business, hiring a business attorney can help ensure that you are getting the most out of the transaction in terms of:
- Vetting buyers
- Helping you make sure that stocks are properly transferred
Hiring A Charlotte Business Attorney Can Help You Properly Deal With Employee Issues
There are many times in which business owners simply don’t know how to handle certain issues surrounding their employees. These can be situations such as:
- Hiring and firing – These are situations that can easily put employers at risk for discrimination lawsuits or other problems. Furthermore, certain questions can’t be asked during an interview, and a Charlotte business attorney can help make it clear what kinds of questions these are.
- Hiring an independent contractor – There are a number of laws pertaining to the hiring of independent contractors vs. hiring employees. Business attorneys know the law in this regard and can help you act in conformity with IRS. They will help you compose documents that make these particular business arrangements clear. In the cases that you already have an agreement written up, or you want to use a “boilerplate” agreement, business attorneys can go over it, making sure that everything is working out in your favor.
If a Local, State, or Federal Government Has Filed a Complaint Against Your Business, a Business Attorney in Charlotte Can Help
It’s always a good idea to have an attorney to represent you in these cases. There’s a wide variety of reasons as to why these complaints may be filed. Perhaps it’s a problem with the IRS, who have found a problem with the numbers submitted on your previous year’s tax return. Another issue could be the state’s labor department making an investigation into a claim that was made against you by an employee.
No matter what the issue may be, a business attorney can help you avoid or mitigate legal consequences.
Charlotte Business Attorneys Can Help You Decide How To Structure Your Business
There are a number of things that you will have to decide on when it comes to structuring your business. Your business could be a:
- Sole proprietorship
The way in which your business is structured will determine things such as ongoing expenses, personal liabilities, setup fees, tax obligations, and how funding can be legally acquired.
Business attorneys can provide you with the knowledge you need regarding the law in these regards to help you get the most out of your business. They can also help you write up and file any documents required for your particular business setup.
Charlotte Business Attorneys Can Help In Cases Where Your Business Is Impacted By Environmental Issues
This could include instances such as:
- Raw material development
- Waste creation and disposal
- Certain issues caused by manufacturing
Businesses are often affected by problems with which they are not directly involved. Perhaps the land that you’ve purchased for your business is later found to contain toxic materials. A business attorney can file suit against the seller so that they are held responsible for the clean up process and costs.
Charlotte Business Attorneys Can Help With Contract Drafting and Negotiation
If you own a business, you will most likely end up involved in some kind of contract at some point. This is all but inevitable. Hiring a business attorney through the process is the best way of ensuring that you are getting everything you can out of the contract, and not getting taken advantage of in some way.
Business attorneys can make sure that the contract you are signing is not putting your business at risk, and can ensure that all of the necessary legal language is included in a contract. Business attorneys can root out problem clauses, and make sure you aren’t signing a contract without a dispute clause, which could result in a lawsuit when an issue could have easily been solved by mediation.
Business attorneys can also help you in cases where the other party has breached the conditions of a contract.
Prevention Is Better Than a Cure
The main thing you should be keeping in mind when it comes to hiring a Charlotte business attorney is to prevent problems before they arise. In the event of legal problems that do manifest, hiring a business attorney can help resolve these problems. However, once they begin, they can end up being costly and time-consuming, even if you do end up beating a lawsuit in the end.
If you require a business attorney, contact [ask LEGAL] today!