As your business grows, you’ll sadly find out that there are people who’ll try to take you down.
This is a battle that no entrepreneur wants to face but might have to. If you do, few things are scarier than having to face a battle on your own. Luckily, you don’t have to!
All entrepreneurs can hire a business lawyer to help them protect their companies. Whether a startup lawyer or a corporate lawyer, they’re the warriors you need in battle with you.
Here’s what a business lawyer does differently from a personal lawyer:
They’ll Help You With Litigation
A litigation attorney is one type of business lawyer and one that you might need early on. They can help you file a lawsuit against anyone trying to harm your business.
For example, let’s say your business creates a lot of content. You’ll protect your content with copyright.
But of course, there’ll always be those shady characters who’ll steal your intellectual property. Your business litigation lawyer is whom you’ll call to go after such people.
Litigation isn’t something anyone wants to get involved in. But it’s something that many business owners will have to face sooner or later. You want to make sure you have a litigation lawyer who can fight a case while you continue your business operations.
They’ll Understand Ethics
One challenge that many businesses face is remaining ethical. It’s often difficult when something unethical isn’t illegal.
However, if you do something unethical it can hurt your business greatly. In some ways, a business lawyer can almost work as your PR or marketing executive.
For instance, you might be able to advertise cigarettes when creating a commercial for your supermarket business. However, this can cause a huge backlash for your brand. While it might not be illegal, you might receive lawsuits from special interest groups.
A business lawyer will offer counsel on how to remain ethical. They’ll advise you on how to avoid doing something that might harm your company’s image.
Understand Market Trends
One of the major differences between a business lawyer and a personal lawyer is that the former understands market trends.
For example, they’ll be able to predict future market trends. They’ll understand how these can affect your business. If you run a photo studio, they’ll inform you how Midjourney AI can affect your work.
If you run an Instagram ad agency, they’ll teach you how to adapt to future laws regarding social media marketing.
A Business Lawyer Will Help With Compliance
Of course, a huge part of running a successful business is to remain compliant. The slightest error can be suicide for your business.
Do you promote alcohol products? You won’t be forgiven if you don’t put legal disclaimers in your ad. Do you have actors endorsing a product? You might get fined if you don’t specify that these are paid actors.
Your business lawyer will help you follow any local or federal laws to remain compliant. Laws are always changing and the United States has no shortage of rules that businesses have to follow.
As an entrepreneur, you need to focus on your business. You don’t have time to obtain a J.D. just so that you can remain compliant! Your business lawyer will always keep an eye on these laws and let you know how to stay compliant.
Preparing Contracts and Legal Writing
A business lawyer will also go through the hassle of preparing legal documents for your company.
If you need to hire an employee or contractor, they’ll prepare an agreement for you. If you’re trying to merge or acquire another business, they’ll research the laws and prepare a contract accordingly.
Legal writing can also extend to writing the following:
- Terms of service
- Ensuring written content is legally compliant
- Non-Disclosure Agreements
- Cease and desist requests
This is another strenuous part of running a business. But it’s one of the most important parts and ensures that your business remains compliant. You need to hire a business lawyer to help protect against potential issues.
Registering Your Business
Another important benefit of hiring a business lawyer is that they’ll help you register your business. They can also advise you on which is the best business structure for your needs.
For example, they can tell you if it’s permissible to start your business as a sole proprietor. They’ll let you know when it’s time to make the switch to a Limited Liability Company.
They can help you understand the differences between S-Corps and Corporations. They’ll let you know the benefits and responsibilities of each business structure.
Once you decide on your business structure, they’ll help you set up your company. They’ll prepare your documents to register your business with your local government.
They’ll Defend You
A business lawyer can also work as a trial lawyer. If your company gets sued, you can depend on a business lawyer to defend it in court.
As we mentioned in the introduction, your business is always vulnerable to attacks. There will be jealous competitors and laymen alike who want to see your business fail.
Your business lawyer will make sure they don’t win. Like the Kings of centuries past had their viziers, today’s entrepreneurs have business lawyers.
Once again, this is something you’d rather not think about as an entrepreneur. However, it’s something you’ll have to prepare for no matter what stage your business is in.
As you can see, a business lawyer is a trusted compatriot whom you can’t do without. Make sure you speak to a great business lawyer today!
They Mean Business
Now you know the importance of a business lawyer and how they’ll help your company survive.
They’ll fight cases when you need to sue someone. They’ll also defend your business when it’s on the receiving end.
They can help you understand what’s considered ethical and unethical. They’ll also study the market trends and how they can help your business adapt. Your company will always remain compliant when you have a business lawyer by your side.
Is the entrepreneur in you waiting to burst out? Check out the other business tips on our blog.