When you are starting a new business, there are many things to think about, and things that don't come to mind right away will be forgotten. When there is so much else to do, it can't be helped. However, as much as it might be a natural thing to do, it is actually bad news for your business, especially if you forget to do something important like hire a lawyer.
If you think that you only need a lawyer when something goes wrong, and you hope you don't need one for that reason, you need to change your mind. Whether business is booming or floundering, a company will always benefit from having access to legal counsel. Consequently, hiring a lawyer should be at the top of your to-do list before launching. The following are a few of the reasons as to why this is.
To Protect Your Interests
A lawsuit could be filed against any company, regardless of how long it has been in operation. Perhaps someone will accuse you of interfering with their intellectual property rights, such as copyright or patent. Maybe people have concerns about the way your company was initially established. Anything is possible.
With a lawyer's help, you can ensure that everything you do is legal and above board and that none of these problems will hurt your business. The last thing you want is to work hard to get everything ready, only to find that legal issues are holding you back, and you can't move forward.
To Establish Legal Protection
When you have a good lawyer by your side, you can be confident that your company is completely safe. This is because they will help you right from the start by making sure you have all the paperwork you need to start a business the right way.
The paperwork required might include:
● Patent applications
● Articles of incorporation
● Trademark searches
● Understanding bylaws
● Business plan
● Accurate contracts
If any of these papers are missing or wrong, it could affect your business in a big way as you grow. To avoid problems in the future, it's best to hire a lawyer and make sure everything is in order right away.
To Instil Trust
There are a variety of things you can do to show customers that your business is reliable. They include having a good website, changing the content often, making sure you have great customer service, and so on. If you want potential partners and investors to trust you, you'll need a different set of criteria. Getting a lawyer for your business could be one of these.
If you can show that your lawyer is helping you make sure everything is legal and correct, you’ll demonstrate to potential partners and/or investors that you are professional and diligent when it comes to your business dealings. Sometimes it is this extra level of security that is all an investor needs to say yes.
Do you run a business? There will almost certainly be times when you need legal advice, from employment law matters to civil disputes between partners or staff. DJP Solicitors can help with a number of civil disputes that you may come across in your business dealings, as well as advising on employment law matters such as unfair dismissal claims or workplace discrimination. Get in touch today to find out how we can help you.
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