When it comes to running a small business, every dollar counts. In other words, most owners are inclined to resolve any issues that arise on their own. In some scenarios, though, it is wise to seek legal counsel. Here are just a few situations when calling an attorney can help protect your business—and your bottom line.

When Should Small Business Owners Consult With a Lawyer?

1. When They Are Structuring the Business

All small business owners should consider consulting with an attorney before opening their doors. Although there are dozens of tasks you can do on your own—e.g. writing a business plan, setting up a website, and applying for various licenses—there are a few that call for legal guidance. A lawyer can help you choose the right structure for the company, for example, to prevent issues with the IRS come tax time. Your attorney can also review all vendor contracts before you enter into them to ensure there will be no surprises down the road.

2. When They Are Facing a Lawsuit

Whether your business was named in a discrimination suit, a personal injury claim, or an environmental dispute, a lawyer can help. As soon as you learn the company is facing any kind of legal issue, call an attorney. Do not correspond with the opposing party or discuss the situation with anyone. Otherwise, you could end up making an inadvertent mistake that jeopardizes your defense.

3. When They Are Selling the Company

Selling a company is a major undertaking for which there is a lot at stake. Therefore, it only makes sense to turn to a professional for help. Small business owners should also seek counsel when devising a succession plan or attempting a merger or acquisition to ensure all the terms are legally binding.

John Rorem is proud to help small business owners throughout Pierce County, WA, navigate all kinds of legal proceedings. Based in Gig Harbor, this seasoned business law attorney has nearly 50 years of experience in the field. He assists clients with business matters, real estate transactions, and personal injury claims, and he does not shy away from even the most complicated cases. To schedule a consultation with this attorney, call (253) 858-5358 or fill out the request form online.