Do You Need to Hire a Corporate Lawyer?

Do You Need to Hire a Corporate Lawyer?

Legal Directory

When you own a business, your top priority is likely creating a high-quality product or service that consumers will want to buy. While that’s very important, it’s also critical to focus on the legal side of your company. The last thing you want is for your business to lose money over something that could have been prevent by hiring a corporate lawyer.

Here are several situations when it’s necessary to hire a corporate lawyer:

Contracts

As a business owner, you’ll likely get into many different contracts with employees and clients. From partnership agreements to general employee contracts, all the contracts you have to sign may get overwhelming. That’s what a corporate lawyer is there for. An experienced corporate lawyer understands all the language in every type of contract and can thoroughly explain it to you before you sign. He or she can look through every contract and make sure that it reflects your company’s best interests.

Employee Issues

When you hire employees for your business, you’re bound to encounter issues with them from time to time. That’s why it’s so important to retain a skilled corporate lawyer. He or she can make sure you’re following all the laws and minimize your risk of lawsuits. For example, if you are planning to terminate an employee, you may want to talk to a corporate lawyer about it first. He or she can ensure that you have a legal reason to terminate the worker.

Buying or Leasing Real Estate

Before you buy or lease a space for your business, you should a corporate lawyer review the agreement carefully. The seller is naturally interested in making money and might not take the time to go over the fine print of the agreement with you. A corporate lawyer will make sure that the agreement is fair and that the seller is not trying to take advantage of you in some way.

Lawsuits

Being sued is every business owner’s worst nightmare. Unfortunately, it happens more often than you may think. Whether if a former employee believes he or she was fired due to discriminatory reasons, that person may be considering filing a lawsuit against

your business. It is important to get advice from a corporate lawyer soon as possible to mitigate the damages.

Selling Business

If you’ve made the decision to sell your business, you should definitely make an appointment to see a corporate lawyer. You worked hard to establish your business, so you should get a fair price for it. A corporate lawyer will make sure that you get the most value out of your business and that you don’t get taken advantage of.

As you can see, there are many good reasons to work with a corporate lawyer. If you are dealing with any of the issues above, you should schedule a consultation with a reputable business lawyer Abingdon, VA relies on soon so that you can receive sound legal advice.

 


 

Thank you to our friends and contributors at The Law Offices of Mark T. Hurt for their insight into business law and corporate lawyers.