Tag: Business

an entrepreneur reading a business magazine

Choosing the Right Lawyer for Your Business

Commercial Law

Businesses need the services of lawyers in various matters, for example, registration and formation, making contracts, protecting intellectual properties, and handling staff issues. Although some companies consider the attorney’s fee like an expense they can avoid, especially when faced with cash constraints, the lawyer’s input in running a business is vital.

Below are some tips that can help you when hiring the right attorney for your business:

Determine When Your Business Need a Lawyer

determine when you need a lawyer ,e.g when entering into a contractThe instances when your business needs a lawyer vary from one company to another. Still, in general, the sooner your business fosters a good relationship with a lawyer and starts receiving good advice, the better it is for it. However, it is better as you start your business to reach out to several business lawyers and inquire about their rates for essential services, for example, business formation or initial consultation. You can then include those amounts in your budget as you start mobilizing funds to start your business.

Furthermore, you must ensure you hire a lawyer prior to doing anything that can land you into trouble. Some examples of things that can lead to issues include launching a product, entering into a lease contract, forming a partnership, and others. You need to prioritize hiring a lawyer to safeguard your interests.

Establish If the Lawyer Has the Right Experience

check the lawyer's experienceOne of the most important criteria when selecting a lawyer for your business is checking if they have a suitable level of experience. As you look for an attorney, ensure that they have a long history of success with your kind of case. This is because a professional with an impressive record of success is highly likely to help you sort out your issue successfully. Some crucial aspects to consider include the number of cases they have handled in a given specialty, the number of years they have been practicing law, their geographical area of operation, and others.

Look for a Lawyer With Good Communication Skills

Generally, a lawyer’s work entails communicating with various parties, for example, the adversaries, the judges listening to the client’s case, the clients, and other professionals such as fellow lawyers, police officers, doctors. Because you want a lawyer who will keep you updated on all matters related to your case, and keep you abreast with every detail of your legal suit without you having to seek the information, choose an attorney with excellent communication skills. The attorney needs to know when each kind of communication is necessary, for example, face-to-face or e-mail, and they must be able to communicate in an orderly way.…

Continue reading
a business lawyer at work

Why Do Businesses Need Legal Advice?

Commercial Law

At one point, every business needs legal advice. As the client, you are not compelled to follow the recommendations, but the attorney only suggests what to do from a legal standpoint. Most of the time, you need legal direction when forming a business. The attorney will advise on the business formation procedures and the types of business structures you can choose for your business.

Additionally, a business needs legal advice on issues like how to employ or terminate employees and process employee benefits. With legal experts, you avoid committing any illegality that can threaten your company. Luckily, if you need affordable and easily accessible legal advice for your business, you can check out Legal Zoom, one of the best legal service providers.

Here are some of the reasons your business may need legal advice:

During Business Formation

business formation by a group of ladiesAs a startup, you need to choose the entity that makes sense to your industry and enterprise. You can consider whether a corporation or a limited liability company works best. Also, consider whether you can operate under sole proprietorship or do you need a partnership.

When you have a charitable course, you might check if you qualify to be a non-profit organization. It is because the form of business dictates your financial and legal responsibilities.

To Register Intellectual Properties

to register intellectual propertyWhen starting your business, you need a unique brand that stands out in the market. Before freeloaders or competitors use your brand and take part in your market, you need to protect intellectual property.

Therefore, it is vital to register your trademarks,logos, names, and slogans as they are critical to the growth and success of your business. It has to be earlier before you need to take legal action on infringers.

To Facilitate Financing and Related Issues

during fundingDepending on the type of business, different financial procedures come into play that needs legal advice, such as raising capital, keeping records of expenses and income, and applying for loans.

Moreover, there is a need to be fiscally responsible. Therefore, legal advice ensures the best setup to benefit from tax breaks and avoid unnecessary tax penalties. Also, it helps to plan tax payments for timely submissions.

When Expanding Your Business

Business expansion sounds easy but is challenging to execute, and you might need help on some legal matters. When expanding to new regions, you have unique services and products for your customers. During the process, there is a possibility that you might miss legal formalities. The legal services will guide you in every step as you expand the business, giving you some time to focus hence a smooth transition to a big firm.…

Continue reading
Office

Legal Steps for Establishing a Business

Business

Nowadays many people have found alternative ways of making money, instead of sitting down in the office for 9 hours, one can now become a digital nomad or perhaps opening a business. By becoming a digital nomad, one can travel while working remotely. Meanwhile, an online business might be fitting for those who don’t like opening a retail shop or a tight schedule of offices. Whatever your prospects are, we are here to help you with your business. In this article, we’re going to discuss some legal steps on how to establish a company if you’re curious what those steps are, consider reading more to find out about it.

Legal Names

LawsBefore you start printing out your business card, make sure that the name of your business or company is legally permitted, and no one is using that, or else you’re going to get into a dispute with another company, and you don’t want anyone else suing you right? So again, make sure that you pick a unique name that no one has used for their business or service, that way no suing will happen.

Learn About Laws

If one is about to establish a business, make sure that you know about the laws. You don’t have to become a pro, but at least you have to know tiny bits of it, perhaps like employee laws or standard regulations. Certain things like taxes and insurance are worth noting so make sure you know about this before you establish your business.

Obtaining Certain Permits or Licenses

There are times when you have to have a certain permit or license to be able to establish your business. If you have no idea about this, do not worry as the Internet will guide you to know what permit or license that you have to get depending on your products or services, if you’re still confused about it, read our next tip.

Hire a Lawyer

ManThe final tip that we can give you on establishing a business is to hire a lawyer. If you have spare cash to give and don’t want to face any problems during establishing your business, consider hiring a lawyer then. With a lawyer by your side they can tell you what your business is lacking in the legal steps and what documents that you should have and not to mention this way you won’t get anyone suing at you because you have followed all the right steps.…

Continue reading