You know as a business owner that there may be times when you will need to retain the services of an attorney, but did you know that you need an attorney even when your business is doing well and not just when you get some unexpected, and unwanted, legal papers are delivered to your door? As your business grows and evolves, there are several points along the way when you should consider getting legal assistance from an experienced business law attorney:
When You First Incorporate: While you may want to try and avoid the expense of incorporating when you are just getting started, these options provide a lot of advantages and protection. When the time is right for you to incorporate your business, the forms may seem simple enough, but there are a lot of steps your business should take after your entity is formed. These include drafting an ownership agreement, operating agreement, and more.
When Ownership Expands: Many businesses start off as a one-woman or one-man show. But it is likely at some point that your business will expand and add new owners. You need to have an attorney help you determine how the control of the business will be divided, how profits and losses will be handled, and much more.
When You Hire Your First Employee: Having employees comes with a whole host of laws and legal issues. Your business will need to be in compliance with tax laws, labor laws, unemployment insurance, and have a company handbook. A business law attorney can help ensure that you are following all of these requirements.
When You Buy or Lease Real Estate: Leasing or owning real estate is a complex endeavor. If you are leasing or buying a property in California you will need an attorney to ensure that your business is in the best possible position before signing any release agreement or contract.
When You Develop Significant Intellectual Property: Every business has intellectual property. This may include a vendor list, client list, or customer list. When your business grows, the intellectual property becomes even more valuable and may include trade secrets, copyrights, or patents. An attorney can help you ensure those assets are protected.
When Considering Business Mergers: Buying or merging with other companies is not simple. There are plenty of risks and you need to ensure you have proper guidance. From the initial letter of intent to the culmination of the final agreement, you must ensure that you are taking all of the right steps to get the deal you want.
When You Sell Your Business: Just like when adding on to your business, if you are thinking about selling your business, you need to ensure that it is in tip top condition to attract the best buyer and offer. An experienced business attorney can help you draft all documents needed that may come up during the sale of your business.
Contact an Experienced Business Law Attorney Today
Whether you are just getting your business started, growing your business to new levels, or getting ready to face your retirement, the attorneys at Verhagen Bennett LLP can help you through every step of the process. Contact us today to schedule a consultation and let us help you ensure that your business is protected no matter what stage of business you are facing.
© 2019 Verhagen Bennett LLP — This article is for general information only. The information presented should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.