The secret to running a successful business isn't saving money but, rather, knowing how to spend it. For example, as long as you’re a relatively small operation, it may make sense to outsource tasks like payroll instead of creating an entire accounting department. Depending on the industry, it may be possible to cut corners in certain areas without threatening the quality of your products or services. When it comes to protecting your company’s legal standing, you should never cut corners. Retaining an attorney is one expense that small business owners should justify from day one. Here are just a few reasons why.

3 Ways an Attorney Will Help Your Company Succeed

1. By Starting Off on the Right Foot

Do you know which business structure is right for your company? A knowledgeable attorney can explain the advantages and drawbacks of each so you can decide which arrangement is most applicable to the business’s current—and future—needs. Choosing the right structure from day one will reduce a lot of hassle down the road, especially when it comes to tax obligations and personal liability.

2. By Drafting, Reviewing, & Modifying Contracts

We might live in an increasingly digital world, but business is still done on paper. Regardless of the industry you’re in, the company will undoubtedly have to enter into various contracts before even opening its doors. By having an attorney draft, review, and modify these agreements, you can ensure their terms are always in your favor. This includes vendor commitments, employment contracts, and shareholder agreements.

3. By Resolving Legal Disputes

Businesses are not immune to the litigiousness of the modern world. Companies can end up in lengthy legal battles with vendors, clients, competitors, or employees. Your lawyer will take steps to mitigate such disputes and resolve any that do arise in a timely fashion.

If you want to retain a business law attorney for your Washington-based company, turn to John A. Rorem. Practicing out of Gig Harbor, this seasoned lawyer has been in the legal field for nearly 50 years. He offers strategic guidance regarding small business matters, personal injury claims, and real estate transactions. To request a consultation, fill out the form on his website or call (253) 858-5358.