Unfortunately, most companies fail to make contact with a business lawyer until they are being sued. Whilst this is a situation that definitely warrants the assistance of a lawyer, there are actually a number of other areas in business that their advice can be highly beneficial. Most of their work involves ensuring that all actions made by your company are legal and that the risks of potential lawsuits are lowered considerably. Some of the benefits associated with employing a lawyer include:
Familiarity with statutory laws and regulations
Business lawyers will most likely be much more familiar with the laws and rules surrounding your company than you are. This enables them to ensure that all of your transactions are legal according to taxation law, contract law, and so on. They can help you to draft contracts for your employees and suppliers, to respond to the conditions of a contract drafted by someone else, to handle lease documents for your office or store space, and to protect your logo or company colours.
Association with taxes and licenses
Even though your accountant is responsible for preparing and filing your company's tax returns each year, a business lawyer is actually responsible for registering your company for tax identification numbers and for looking into the tax consequences of all your transactions. With the help of a lawyer, all of your transactions will be legal and you will be able to meet any taxation issues head on - something that an accountant is unable to do.
Expertise and experience with the law
By ensuring that you employ a business lawyer who is highly experienced with businesses in your niche industry, you can help to ensure that your company is represented as effectively as possible. Your lawyer will be able to answer all your questions in a direct and knowledgeable manner, as well as being able to communicate efficiently with yourself and other employees and partners within your company to ensure your ends are achieved.
If your company is yet to meet with a business lawyer to discuss the legalities surrounding your operation, it is never too late to organise a meeting. Look for lawyers who are based in your local area and who are just as happy to come into your office as you are to go into theirs. Don't wait until you are being sued because, by then, it could be too late to save your company from complete destruction.
Collecting an Unpaid Judgment Against a Judgment Debtor Who Uses Several Aliases
0 comments:
Post a Comment