If you are an entrepreneur starting your own business, one of the last things you want to do is spend more money on someone that is not contributing to you making more money. Sometimes when people think about lawyers they think of someone in a bright colored suit, a slightly older car that bears a resemblance to their bright colored suits, and someone that can talk their way into or out of anything. If this is your perceptions I would be hesitant on hiring a lawyer to do anything for me as well. The truth is that you will need a lawyer at some point in your business venture. People are always looking for ways to get money and if they can sue you for something to get a little money, they will. This could be as petty as a small branding issue. Business lawyers know the ins and outs of the business world and are your best bet to get out of legal trouble, especially for small businesses who are struggling to make it.
What Does A Business Lawyer Do?
Business lawyers do a plethora of things that you would spend more time on than it would be worth. Here are some things that lawyers help with:
- Intellectual Property – They do all the work that you need to make sure that you aren’t stealing others intellectual property
- Trademarks – They can look into things that are trademarked and that will get you sued in a hurry
- Contracts – When you do contracts with other companies, your lawyer will help set those up so that you don’t get into a bind when they try to get out of it, or try to not pay you for what you have done with them
- Protect Against Lawsuits – This is where getting a lawyer who is knowledgeable about business matters comes in handy. They will help mitigate the problems that arise when doing business with other companies
- Filing a Patent – If you have patentable material, your lawyer will need to be good to make sure that you file it correctly.
These are just a few things that lawyers do to make your life as a business owner better. There are many more things that business lawyers do that can help protect your company from lawsuits and legal actions from other entities.
Why Should You Hire A Business Lawyer?
Lawyers are always a great thing to have just in case you need them. You might not need them every minute of every day that you are in business. Having one that you can trust and have at your disposal is priceless. Having them around, or on call, will allow you to use them for their services and expertise and mitigate issues as they arise. Lawyers are also looking out for your best interest, especially if you have patentable and copyrightable items. They will take care of those issues for you and they will know what to do to get you out of trouble fast, and to make sure that lawsuits don’t go on for an extended period of time.
One of the other things that business lawyers do is give you the peace of mind that you need to run a successful business. They are like the insurance that you have on your family, car, and home. You don’t always need it, but when you do, it always pays off to have it. It is better to have one and not need them, than to need them and not have them. They are undervalued in today’s society because of their high rates and fees associated with using them. This might be true for the average American that only needs a lawyer once in a blue moon. Businesses on the other hand need lawyers and should expect to have that cost built into their business model.
How Do Business Attorneys Help My Employees?
When you think of employee problems, you probably think of your Human Resources department (or person) handling the situation. Depending on the size of your business, they are your first line of defense. What if an employee is going to sue you for an unlawful firing, or sexual harassment? There is only so much that your HR department can do. Your business lawyer will help not only in these situation, but in many others. They can help draft contacts to help alleviate an “unlawful” firing by having them draft it in a way that protects the company.
A few other ways they help employees are:
- Drafting contracts
- Working with HR on policies
- Understanding State and Federal laws
- Help your company follow good business practices to foster a healthy work environment
- And many more…
Business lawyers do more than just wait for big problems to happen to small businesses. They help alleviate the problems all together. They are great at helping you foresee problems before they arise. With their knowledge, they can help you stay on track to meet your bigger goals while they take care of the things that are in their realm of knowledge that would take a lot of your time. They are a priceless member of your team that you need at your disposal. They are one of those people that you need to have a lot of your trust as they are protecting your business from outside influences and factors. They allow you to focus on what makes you money and what you are good at, and they focus on thing that they are good at that only they can solve.