Almost everyone has heard of business lawyers, but many people don't know what they do. Business lawyers represent businesses in various legal matters and help protect their interests. If you're considering launching a new business, you should consult with a lawyer who can help you get started on the right foot.
1. What business lawyers can do for you
Business lawyers provide several legal services. They can help businesses form, negotiate, and maintain contracts with their customers, suppliers, employees, lenders, and investors. Business lawyers also draft employment agreements and other personnel policies. If your business faces potential litigation or arbitration from a customer or supplier dispute or any other legal claim, they may also represent you in court. Business lawyers may even advise executive officers on responding to potentially damaging internal whistleblowing claims. Finally, they will often serve as an outside general counsel for businesses that don't have one in-house.
2. How to find a lawyer for your business
The first step when hiring a lawyer is to ask yourself what kind of legal help you need. You should also consider the size and complexity of your business and any specialised issues your company has. For example, if you own a café or restaurant, you may want to consult with a lawyer who specialises in food and beverage law. Once you know what kind of lawyer you're looking for, it's time to find them. Many states have bar associations or other regulatory bodies that maintain lists of lawyers who practice in certain areas. You can contact these organisations and ask them for referrals.
3. What to do during your first meeting with a business lawyer
When you meet with a lawyer for the first time, be sure to explain your situation and what you need from them. If they don't seem receptive to your concerns and questions, it may not be a good fit. Try to get a feeling for whether or not this person understands your business and can offer assistance given its unique needs. It would be best to ask about fees before committing to work together.
4. The benefit of keeping a lawyer on retainer
You don't need to work with a lawyer on retainer, but many business owners do so as it's very helpful. A retainer is a fee that keeps your company on the books with the law firm so they can give ongoing advice. This kind of preventative legal counsel is invaluable for new businesses growing quickly or those operating in heavily regulated fields like health care or technology.
Contact a business lawyer for more information.
