Let’s face it, not every company can maintain a large legal department or in-house counsel. That being said, establishing a relationship with a business attorney you can trust and rely on to be there when your business is a crucial aspect of the longevity and success of most businesses no matter their size. Just three examples of how working with an experienced business attorney can benefit your company is as follows:

 

1. Contract Review and Drafting

 

As a business owner, you are likely to encounter hundreds if not thousands of contracts during your career. Examples include employment agreements, commercial leases, sales contracts, distribution agreements, licenses, Manufacturing Agreements and purchase contracts. Most people didn’t get into business to spend their time reviewing documents and familiarizing themselves with the intricacies of contract law. That’s where having a business attorney on your side can provide invaluable assistance. An experienced business attorney will have reviewed countless business contracts in their career and will be able to explain all relevant aspects of such agreements to you so there are no surprises down the line. Further, an attorney versed in business law will have substantial experience drafting agreements such as non-disclosures agreements, non compete agreements, asset purchase agreements and any other contract your business may require. 

 

 

 

 

 

 

 

 

 

 

 

 

2. Compliance

 

Many people have heard that it is important to incorporate their business for liability protection. This is true and many have taken the step to incorporate their business on their own. If you are just starting the incorporation process, much of it may be confusing, and this may be an excellent opportunity to establish a relationship with a business lawyer who can walk you through the crucial steps of incorporation. Further, for those who have already incorporated, maintain compliance with corporate formalities can be a tricky road. Failing to comply with corporate formalities may result in the loss of corporate protections. In addition to corporate regulation, businesses face regulations from environmental agencies, industrial commissions, licensing boards, and other government agencies. Whether you are looking to ensure your compliance with such regulations, or you have been fined or penalized for failure to comply with such regulations, often, a business attorney has been down that road before and will be able to assist you in reaching a favorable outcome.

 

3. Getting you Paid

 

Unfortunately, there are people in this world who don’t like to pay the bill even when you have done excellent work for them or provided a great product. Most business owners will run into this at some point in time and it is incredibly defeating when someone you have spent time and money on refuses to pay their bill. Having a business attorney on your side can alleviate a lot of this concern. Your business attorney should have experience in litigation to ensure that you can collect your money in these types of situations.

 

At the Law Office of W. Randall Holcomb, PLLC, we are a small business and understand first hand the stress and pressures of running your own company. We pride ourselves on being fair, honest and providing good results for our clients. Whether you are just starting out in starting your own company, your business has a current need for legal assistance, or you are just looking to establish a relationship with an experienced business attorney, please don’t hesitate to call (336) 888-8760, and let us work together to see how our business can assist your business.