4 Reasons Your Business Needs a Lawyer
When you think of needing a lawyer, what exactly comes to mind? The reality is that most people only think they need a lawyer for circumstances involving breaking the law or divorces; however, as a small business owner, there are multiple laws that need to be navigated, and these can be made simpler thanks to the advice of a lawyer.
These could include tax laws, employment laws, and contract laws, among others. The right lawyer in your corner can help to ensure that you are not intentionally or unintentionally breaching any laws and regulations in place to protect you, your business, your workers, and the general public.
Let’s take a look at some of these laws.
Legal Compliance
The last thing you want to risk is falling afoul of the law when it comes to legal compliance. There are many areas of business where compliance is required, and while some may be obvious, others may be less so. This is where an expert litigation attorney from a reputable firm, such as Kolmogorov Law, can be of assistance. Their in-depth understanding of the law and your sector will help you ensure that you meet all relevant compliance regulations, providing you with the confidence that you are operating within legal boundaries.
Drafting Contracts
Contracts are the backbone of any business relationship. Whether it’s contracts for suppliers, customers, workers, or anything else, an expert business lawyer can help you with all aspects of drafting, reviewing, and negotiating contracts that work towards protecting the best interests of your company. The last thing you want is poorly worded contracts that can expose your company and lead to disastrous consequences, such as financial loss, disputes, or breach of contract.
Employment Law
There are many rules and regulations pertaining to the employment of persons within your business’s full staff. As a business owner, you need to ensure that you are meeting and complying with all laws related to hiring workers. This means ensuring you’re not discriminating against any workers on grounds such as ethnicity, disabilities, gender, etc.
You need to be aware of aspects such as legal termination and minimum wage requirements, as well as meet health and safety regulations in all areas of your business. Any breach of employment law can leave your business exposed to lawsuits, fines, accidents, injuries, potential jail time, and even business failure.
Intellectual Property Protection
Intellectual property protection, or IP, is potentially one of the most valuable assets you have as a business. This encompasses aspects of the company, including your brand name, logos, color schemes, proprietary software, and any other essential elements of your business that have been created specifically for your business. Lawyers can assist with registering your trademarks and ensure that your intellectual property (IP) is legally protected at all times. They can also advise you on licensing agreements while working to ensure you’re not breaching anyone else’s intellectual property, which can lead to fines and prosecution if you’re not careful.