For many new business owners and entrepreneurs, deciding when they need to bring in a business lawyer is not an obvious choice. The reality is in most situations if you are wondering if a lawyer is necessary, he or she most definitely is.
The biggest mistake a business of any size can make is failing to get a Youngstown business lawyer involved in any type of transaction where there is any potential liability or lack of a clear, concise contract. This leaves you, and your business, without protection or without the protection you may assume you have.
What is a Business Lawyer?
A Youngstown business lawyer is a legal expert in contract and business law. They also have experience in copyright, taxation and employment, but they can also specialize in particular areas of business as well.
In many cases, business lawyers also have experienced in business management and working to represent businesses as part of an in-house legal team. This is not always the case, but it isn’t uncommon either.
Investigations and Lawsuits
If you know or believe your business is under investigation for any type of violation of the law it is essential to get a Youngstown business lawyer on board as soon as possible. In this situation, the attorney can represent your business at the state or federal level and correct any issues before more significant actions occur.
For lawsuits, including wrongful dismissal or any workplace or discrimination claims, a Youngstown business lawyer is essential. Anything said or done in response to the lawsuit can make the situation much worse if you don’t have an attorney to consult.
Entering into a Contract or Developing Contracts
If you are entering into a contract provided by another business in a B2B (Business to Business) transaction, having an attorney review the contract is always important. This ensures you are protected and not at risk should there be a default or other issue by the other party.
When developing your own contracts for use with your clients a Youngstown business lawyer can provide the correct legal clauses and language to protect your business.
Selling or Buying
For any company sales or when buying another company, a Youngstown business lawyer should be involved in the process. They will complete due diligence on the other business and also ensure you are legally protected through the purchase or the sale.
Hiring a Youngstown business lawyer is an important part of protecting the future of your company. This applies to a company of any size. It is the preventative step that is worth its weight in gold.
