Maximising Success: Why Every Business Needs A Business Lawyer
Business leaders and entrepreneurs need to be experts in their industries. With all the work involved in building a company from the ground up or running its day-to-day operations, it’s not possible for business leaders to also be experts in the law. Unfortunately, even small businesses face more than a dozen legal issues each year. If they don’t know how to best address those complications, the consequences can be devastating for their companies.
A business with expert legal support will be better positioned from the outset. Hiring a Los Angeles Business Lawyer is essential for any company that wants to structure and protect its brand, assets, and future. Here are a few tasks that business lawyers undertake for their clients so that your leadership can focus on running your company.
Business Lawyers Can Advise on Corporate Structure
Should you form a corporation, a limited liability company, a limited partnership, or something else? Here is a list of the options:
- Sole Proprietorship
- Limited Liability Company
- General Partnership
- Limited Liability Partnership
- Limited Partnership
- Corporation
Your corporate structure will impact your personal liability, taxes, and more. Your business lawyer can help you understand the benefits and drawbacks of these different structures and set up the one that meets your needs.
Negotiating Contracts with an LA Business Lawyer
Your business will need to enter contracts from the very start. Whether signing a lease, entering an agreement with vendors, or hiring employees, you will need to start negotiating terms. Your lawyer can point out potential issues with contracts or work on creating and negotiating terms that protect you and your company.
Business Attorneys Help with Financing Structures
Whether you take on debt, rely on equity financing, or a combination, you will need to be smart about how you enter agreements with the people or entities helping to fund your business. Your business lawyer can support you by highlighting the pros and cons of each option, compiling the necessary documents, and applying for funds.
Protecting Your Intellectual Property
Intellectual property includes protecting your business name, brand assets, or even a secret recipe. Your Los Angeles Intellectual Property Lawyer can help you register the appropriate information for better trademarks and copyright protection, file for a patent where applicable, or draft a non-disclosure agreement to safeguard trade secrets.
Creating and Reviewing Employee Handbooks
Employment law is complex and evolves over time. Your business attorney should review your handbook to look for potential areas that might violate existing laws or create confusing, unclear guidelines. In California, for instance, employers must avoid certain restrictions on employee hairstyles because of discrimination concerns. The state also has strict employee privacy laws. Your lawyer can help you draft or edit a handbook that meets the needs of the law.
Hiring an LA Business Lawyer is Essential
Your business lawyer is there to help protect your company from potentially violating laws, creating structures that cost you money or expose you to liability, and so much more. When you are investing your time and energy into your business, you owe it to yourself to enlist the support of an attorney protecting your interests from potentially costly legal complications.
