What Does a Business Lawyer Do?
What Does a Business Lawyer Do?
If you own a business or are planning on starting one, having a business lawyer by your side can be one of your most powerful tools. No matter what type of business you have, the economic turmoil you might be facing, or the phase your business is in now, a business lawyer can help you through many of your business’ stages. From the first day of your business to the day you decide to sell, go public, or close its doors, here is a short list of items your business attorney can help you with.Starting Your BusinessWhether you are planning to be a single proprietorship, a partnership, an LLC, or an S Corp, your business lawyer can explain to you the advantages of each business type and prepare the necessary legal documents accordingly.ContractsIf you are planning on hiring employees, or have dealings with suppliers and customers, you will need different contracts and forms for each of them. Your business lawyer will prepare these documents according to your business’s unique needs.DisputesIf a client fails to pay, a supplier does not deliver the merchandise as agreed, or contracts are breached in any way, your lawyer will negotiate on your behalf and, if necessary, will file a lawsuit to protect your rights.Compliance and Risk ManagementNo matter if your business is brand new or has a long trajectory, an experienced business attorney can advise you on issues related to compliance as well as help you develop systems designed to minimize and monitor risk.Mergers and AcquisitionsYou may be thinking about buying out a competitor, or maybe a larger company has made an offer to buy your business, or you and a competitor are having negotiations to merge. In any of these situations, you don’t want to miss an important issue because you had no knowledge of the law. Your business attorney will advise you and guide you through the process.Other Business Issues and Claims
Man’s hand showing two injured fingers; image by Markus Spiske, via Unsplash.com.
About Michael Davis
Michael Davis is the Content Director of Miami’s On the Map Marketing, Inc. As the chief content editor of one of the fastest-growing Internet marketing firms in the country, Michael has made it his mission is to provide high-level, factual, and error-free content that emphasizes the best SEO practices and helps his company’s clients convert sales. When he’s not editing SEO content for On the Map, Michael writes his own industry-specific content for various publications.