Whether you're just starting out or have been in operation for a number of years, there always comes a time when a business or company will need the help of a skilled attorney. As many of our frequent readers know, business law can be incredibly complex. This is especially true when you consider the plethora of state and federal statutes that are applicable to everyday operations.
If you're not familiar with this blog or the services our law firm provides you might have one important question on your mind: "When does a business need a skilled attorney?"
The first time a business or company often needs the help of an attorney is when it is just beginning. There are a lot of things to consider including business formation, securing venture capital, stock options and IPOs, and more. Knowing what is the legal procedure for any of these things can difficult without the help of someone well versed in the business formation process and what laws apply.
After a business or company is established, there are also other things to consider such as acquisitions and mergers, shareholder agreements, receiverships, and contract negotiations. All of these processes can be incredibly complex and all have sets of laws that must be adhered. Many times, even the most experienced business owner is oblivious to certain laws and procedures.
As a business owner your emphasis should be placed on preventing such occurrences from the start. Prevention does not necessarily involve hiring an attorney for every decision your business makes, although consulting with one when you feel you have a legal question doesn't hurt. Remember, by the time you or your business has been served with a complaint, the preventable damage has been done and the only question that remains is how much you'll be paying in attorney's fees, court fees, and damages.
Thus, an attorney can assist in ensuring that every aspect of your business is in compliance with the law, and can help you avoid costly litigation.