No matter the size of your company, there are always going to be legal matters that need to be handled. That’s why it’s so important to have a trusted attorney on hand. Here are 8 times you need to consult with a business law attorney.
1. In a Dispute with a Business Partner
You must know your legal options when going through a dispute with a business partner. Find out what these options are at the beginning of the conflict. You’ll want to know your options before deciding whether to settle or go to court.
2. If You’re Facing Discrimination Charges
Discrimination charges, whether they be for age, disability, or gender discrimination, can come with hefty fines and other legal penalties. If you’re facing these charges, find out your possible outcomes from a business law attorney sooner rather than later. Many discrimination cases have different results based on how quickly you act.
3. You’ve Been Sued
You’ll want to hire a business law attorney to fight the lawsuit if you’ve been sued over a debt, a legal error, or unpaid taxes. Your attorney can advise you on what actions you can take to end the suit and manage your financial situation more effectively. Getting an attorney early in the proceedings can help decrease penalties and fees.
4. Questioning Business Practices or Structure
Every company runs its business differently, but there are still best practices when running any business. If you want to know if you’re practicing business correctly, meet with a business law attorney. They’ll be able to tell you how to do things legally and avoid legal errors.
5. Handling Contracts
Every business needs contracts to protect itself from lawsuits, debtors, and other liabilities. Talk to a business law attorney if you need help writing contracts or reviewing current ones. They’ll be able to give you advice on what contract terms are best for your company and can help you write the best possible contract for your company’s needs.
6. In the Event of a Merger or Acquisition
If you’re part of a larger company and there’s been an acquisition, you may need to meet with a business lawyer immediately. It would help if you talked to an attorney before the transaction officially goes through so that they can advise on the deal. If you don’t, you could give up your rights later in the deal.
7. Managing Employee Issues
Every business is bound to have employees who are bound to do things out of line from time to time. When this happens, you must know what your options are. Working with a business law attorney on employee issues helps you have a game plan for handling the situation and may help avoid legal penalties.
8. In the Event of Bankruptcy
If your company is in bankruptcy, there is a high chance that the company will not be able to pay any outstanding debts owed. If this happens, you’ll want to know your options early on in the proceedings. Consulting with a business law attorney will help you work out any deal plan or bankruptcy proceedings and decide which path might be best for your company’s future.
In conclusion, remember that you mustn’t be afraid to get legal help from a qualified business law attorney. They will be of help to you and your business.