When you are starting a new business, there is a lot to consider, and some things (the things that don’t immediately spring to mind) will be forgotten. It’s inevitable when there is so much else to do. Unfortunately, this can be highly problematic for your business, especially if one of the things you forget to do is hire a lawyer.
If you think that lawyers are only needed when things go wrong, and you hope not to need one for that very reason, it’s time to reassess your ideas on the matter; lawyers are useful for businesses at all times, whether things are going well or otherwise. So, when you are putting together a list of things you must do before your launch, hiring a lawyer should certainly be included. Here are some of the reasons why:
To Protect Your Interests
There is always a chance that any new – or established – business might be liable to a lawsuit. Perhaps someone feels you are encroaching on their copyright or patent, for example, or maybe there are questions about how you set the business up in the first place. It could be any number of things.
If you have a lawyer to help you, you can ensure that everything you do is entirely legal and above board, and none of these issues will do any harm to your business. The last thing you’ll want to have happen is to work hard at getting everything in place only to find that you can’t actually move forward due to legal issues dragging you down.
To Establish Legal Protection
When you have a good lawyer such as those at The Kinder Law Group by your side, you can be sure that your business is entirely protected. This is because they will help you from the very start by ensuring that you have all the documents you need to properly start a business. These include:
- Articles of incorporation
- Business plan
- Understanding by-laws
- Accurate contracts
- Trademark searches
- Patent applications
If any of these documents are missing or incorrect, this could have some major consequences for your business in the future. It’s best to hire a lawyer and check that all is well at the start to prevent future issues.
To Instill Trust
If you need to prove that you are a trustworthy business to customers, there are a number of things you can do. They include having a good website, updating the content frequently, ensuring you offer excellent customer service, having a good brand, and so on. When you need to instill trust in potential partners and investors, you’ll need a slightly different set of criteria. One of these could be having a lawyer for your business.
If you can show that your lawyer is helping you make everything proper and correct in your business, and if you can use them to draw up specific legal documents in the right way, then you are showing those who might want to be involved in – and build up – your business that you are professional and are thinking carefully about your business.