More often than not, people and businesses treat lawyers like firemen or plumbers – only calling them when a problem crops up. Whether you are operating a business on a daily basis or starting one, there are many tasks that demand your attention, like staffing, sales, marketing, and other administrative matters. A lawyer is the last thing that a business owner wants to think about. However, calling a lawyer to prevent problems should be a part of smart business planning. If you own a business, big or small, make sure to have a lawyer to help grow and protect your business.
Advantages of Having a Business Lawyer
Here is a look at some of the advantages of having a business lawyer.
1. Help Create Your Business: One of the biggest benefits of having a business lawyer is that they can help you create your business. This crucial step is called “choice of entity” and is one every business owner needs to take. Should you be a corporation or an LLC? If so, what type? Both entities are extremely different from each other, and the best person to advise you on which one is right for you is an experienced business lawyer in Santa Rosa.
2. Help with Corporate Governance: Corporate governance documents are highly important papers describing, governing, and constraining business owners’ activities. They are unique to each business. These documents are an absolute must if your company has two or more owners, partners or shareholders. A business lawyer can draft corporate governance documents for you, and make sure that it is done the proper way.
3. Protect from Potential Problems: During the growth of your business, a business lawyer will be of great help, and provide counsel on different issues pertaining to the law so that you can deal with any issues as they arise, or better yet, prevent those problems from occurring in the first place. You will probably need help from a business lawyer most regularly when it comes to contracts.
As you know, lawyers do not come cheap. However, you will find that it is surprisingly inexpensive to have a business lawyer involved with your enterprise on an ongoing basis. Regardless of whether you are a new business owner or have been operating one for years, it is smart to have an experienced business lawyer to help you with any problems that might crop up and with the growth of your company.