When you own a small business, there are always a lot of expenses that you have to balance — and not always a lot of money to spread around. You might easily be tempted to put off obtaining help from an attorney until you have an actual legal dispute looming.
That’s a mistake.
While you absolutely want to get legal help from an experienced attorney if you’re about to be involved in litigation, you’re doing your business a great disservice by not hiring an attorney who can help you build your company from the ground up.
“Transactional” attorneys are there to help business owners successfully build their dreams. A transactional attorney serves as a sort of coach or partner (or both) to the small business owner. The attorney’s job is to give the business owner advice and offer education about the ways that the law can be used to make his or her business take root and grow.
A transactional attorney should be involved when:
- You organize your business. At some point, you may need to think beyond a sole proprietorship or simple partnership. An attorney can help you understand what types of business entities make sense for your company — and get that entity properly established.
- You develop any contracts. Sooner or later, you’ll need contracts to manage your relationships with partners, employees, suppliers and customers. A bad contract can really damage your chances of success.
- You buy or rent business real estate. Real estate is one of the primary expenses your business may have. You shouldn’t try to negotiate a purchase or a commercial lease without experienced help.
Those represent just some of the ways that a business attorney can help you grow your business and avoid problems that can eventually lead to expensive litigation.
Don’t wait until you’re being sued to hire an attorney for your business because you’re afraid of the expense. The right attorney can actually help your business avoid those kinds of issues. For more information on how we can help your business thrive, please contact us to discuss your company’s goals.