Owning a small business gives you the authority and freedom to be your own boss. However, it also demands added responsibility. For one thing, if legal problems arise, you’re the one who has to deal with them. Find out when it’s worth bringing in a lawyer to help with your company’s legal needs.

3 Situations in Which Your Small Business Needs Legal Help

1. Choosing a Legal Structure

Establishing your business as a legal entity spares you from personal liability in case of lawsuits. There are many different forms your business can take, and each has different repercussions when it comes to issues such as taxes. Structural options include sole proprietorship, partnership, limited liability corporation, and S corporation. A lawyer will know what’s best for you depending on your business model, size, and financial situation.

2. Reviewing Paperwork

When you draft or sign paperwork for your business, it needs to be legally binding. Just think of the different kinds of documents that could come across your desk: employment agreements, supplier contracts, trademark and copyright filings. Have a lawyer review your important paperwork. They can make sure that these documents are free of errors and will hold up in court.

3. Dealing With Legal Threats

Owning a business opens you up to many different kinds of legal threats. A former employee could sue for discrimination. A vendor might claim you owe them money. Local or federal authorities could investigate you for claims of environmental violations. When such matters arise, you need to take action. In other words, you need a lawyer on your side. An attorney’s letter can often make the issue disappear before the other side even initiates formal legal action.

Legal issues can sink a small business if not dealt with properly. Look to Williams, Hall & Latherow, LLP to protect you and your company. Located in Ashland, KY, they have been serving individuals and businesses in the area since 2000. They offer a comprehensive range of services, from personal injury to business law. Get a full list of their offerings online. For an appointment with a lawyer, call (606) 329-1919.