Five Ways a Business Lawyer Can Help Your Business

In today’s competitive economy, businesses must keep up with the times, regardless of their sizes. Typically, business owners do not have the resources or time to learn all paragraphs and sections of applicable rules and regulations. Thus, they turn to Sattiraju & Tharney business lawyers to help them navigate the legal processes. A business attorney is a professional that any business should partner with from the get-go. The following are ways a business attorney can help your business survive:

Represent Your Company in Litigation

Should your company face a lawsuit from unhappy customers, your attorney can review your case in detail. They will take a look at the contracts signed by both parties to negotiate a fair settlement as quickly as possible. This also applies to disputes between your company and worker or another company.

Draft and Understand Business Contracts

A business attorney can help make and review business-to-customer or business-to-business contracts. They can include more explicit clues, so both parties can avoid lengthy and expensive litigation. For example, adding a pre-suit mediation clause to a contract allows the settlement of disputes through an informal third party rather than a judge immediately. 

Protect Business Names and Trademarks

Filing a business name and trademark with the help of an attorney is a smart decision. The attorney can check if there are similar business names and trademarks already registered. They can advise you on picking a name or trademark that improves the image of your business as well as prepare applications and documentation. In addition, the lawyer can keep track of the status of your business’s application, and respond to discrepancies in such application. 

Address Employment Problems

Business law comes into play with issues like unfair practices and contract violations. A business attorney can draft and understand employment contracts. Although they mainly handle contracts for regular workers, handling contracts for irregular workers is not too far off. Indeed, you will need the advice of a business lawyer when you hire an intern without pay.

Help Decide Your Business Structure

Whether you’re starting a new business or restructuring an existing one, you need to decide whether it will be a sole proprietorship, corporation, partnership, or limited liability company. Every option has benefits and drawbacks and you might not meet certain requirements. A business attorney can evaluate and advise on the appropriate business structure, particularly if your business is planning to file for bankruptcy. In this case, the lawyer can draft the restructuring plan of the business that guarantees a smooth transition and creditors’ payment.