When you first started your small business, you probably never thought about hiring a lawyer. While some small companies can operate without the advice of an attorney, others may need legal advice. You might be asking yourself, does my small business need to hire a law firm?
That is a question that many people have wondered about. Today, we are going to learn about some situations that would make hiring an attorney a wise decision.
You Are Facing An Employee Lawsuit
One of the most serious legal issues that your company can face is an employee-related lawsuit. These lawsuits can range from harassment claims to wrongful termination. If a current or former employee files a suit against you, it is time to act.
The business lawyers specialize in these types of suits and they can help protect you. Going through a court battle alone is not a smart move. Having a law firm by your side will help lessen the blow that a lawsuit can bring.
If your company has been fined for environmental issues, you should seek legal help. No matter how big or small the fine may be, you need someone with a background in business law.
Depending on the situation, you may be able to have your fines reduced or even eliminated altogether. Environmental issues are often time-sensitive, so getting legal advice as soon as possible is very important.
Complaints Filed By The Government
When you have a complaint filed against your small business by a local, state, or federal government, it can be really scary. The thought of losing the company you worked so hard to build just might keep you awake at night.
But a government complaint doesn’t have to be the end of the world. With the right legal counsel, you can address the complaint and come to a compromise with the government. Only with a lawyer present should you ever go into negotiations.
Selling Your Company
There may become a time when you want to sell your company. In this bittersweet moment, it is easy to forget that you need the help of a lawyer. When it comes to selling off a company, there are many legal hoops that you will need to jump through. These legal obligations will have to be met before payment can arrive in your bank account.
This is a good time that you should find a good attorney to help with the negotiation process. The sooner you hire a lawyer, the sooner you can cash in on the business you worked diligently to build. After that, you can take that trip to the Bahamas you have always dreamed about.
If you own a small business, you should really consider hiring a lawyer if any of these issues come up. Remember that you should never try to handle a lawsuit alone. Business law can be very hard to understand and quite tricky. That’s why it makes practical sense to hire yourself proper legal advice to help protect the company you love.