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Why Every Entrepreneur Should Consult with a Business Attorney

Florida entrepreneurs are always keeping a watchful eye over expenses, so you may hesitate to invest in a business lawyer for advice. Unless you’re involved in litigation, you probably assume that you can handle any legal issues involved with running your business. However, a Clearwater business law and formation attorney delivers advantages that you may not have anticipated. Here are a few reasons every entrepreneur should consult with a lawyer regarding legal support.

You’re wondering how to organize your business: There are multiple options for forming your business through Florida’s Division of Corporations, but it’s important to find the right fit for your needs. Many entrepreneurs choose a limited liability entity or corporation, which allows you to protect your personal assets from debts and liabilities of the company. A lawyer can review your business objectives and help you decide on the business organization the best serves your needs.

You’re hiring employees: When you decide to bring on employees, there’s an entirely new set of laws that apply. You’ll need to address wage and hour issues, payroll taxes, workers’ compensation insurance, and employee benefit plans. Plus, you need to protect your business from discrimination, harassment, and other workplace misconduct. With an attorney’s help, you can establish rules and policies to prevent disputes.

You need help reviewing or drafting a contract: It’s possible that a vendor or business partner will present you with a written agreement, potentially with long-term implications. Before legally binding your company to the contract, it’s important to have a contracts lawyer review it, explain the terms, and offer suggestions about negotiations. Likewise, if you need a written agreement regarding a business relationship, you’re wise to have an attorney assist with drafting it. A solid, well-written contract can reduce the potential for lawsuits down the road.

You’re concerned about regulatory compliance: Florida businesses are subject to a wide range of rules and regulations at the federal, state, and local level. You could face fines or penalties for non-compliance – even if your conduct was the result of a simple mistake. A business law attorney can assess the regulatory issues that apply to your company and ensure you remain in compliance.

You need support with litigation: In the unfortunate event that you must file a lawsuit or defend your company in court, working with a business litigation attorney is essential. Litigation requires in-depth knowledge of all relevant statutes, court procedural rules, and case law. You also have an advantage in court when you have an experienced litigation lawyer to advocate on your behalf.

Schedule an Appointment with a Clearwater Business Attorney Today

These are just a few of the reasons it’s important for Florida entrepreneurs to consult with a knowledgeable business lawyer, but there may be more based upon your specific circumstances. For more information, please contact Clearwater Business Law to set up a meeting with a member of our team. Our attorneys serve companies and owners throughout Pinellas County in a wide range of business law matters, and we’re happy to assist