If you’re a small business owner, there may come a time you need to hire a small business lawyer. A lawyer can help with various situations, including providing aggressive representation in employee lawsuits, drafting business contracts, and buying or selling your business.
Here are the top 3 reasons you should hire a small business lawyer:
Business Formation
One of the most significant advantages of hiring a small business lawyer is that they can help with business formation. Before a business launches, the owners must determine its classification. There are many different legal structures out there, including sole proprietorship, limited liability companies, non-profits, corporations, and partnerships. While a partnership requires approval from other partners about company decisions, a sole proprietorship can make decisions on its own.
When determining your company’s legal structure, your small business attorney will help you figure out how many employees you’ll have, business goals, and any liability concerns. If you’re starting out as a new business owner, having a lawyer to help you figure all this out is a massive step in the right direction.
Drafting Contracts
During business operations, you may need to draft a general employment contract, contractor agreement, or nondisclosure agreement, to name a few. The phrasing and legality in these contracts are essential, as any misstep could result in a lawsuit. Furthermore, a small business lawyer will help you determine which agreement best suits your needs and audit existing contracts to see if they need to be updated moving forward.
Buying/Selling Your Business
You can buy and sell your house without a lawyer, but a business is more complicated. You need to ensure there are no outstanding legal issues for the new owner. With a lawyer’s help, you can ensure there aren’t business interruptions that could otherwise make property transfer difficult.
Furthermore, there are many documents required for buying and/or selling a business, including a purchase agreement, letters of intent, warranties, and more. A lawyer is familiar with all of these documents and will ensure everything is in order so the sale or purchase can go as smoothly as possible.
Do You Need a Small Business Lawyer in Tyler, Texas? Schedule a Consultation With Vance E. Hendrix
If you’re a business owner in Tyler, Texas, having a small business lawyer by your side is a great asset. They can help you in many areas. These include determining legal formation, and what to do in the event of a divorce. Small business lawyer Vance E. Hendrix has years of experience representing Texas business owners.
Call 903-944-7800 or fill out the contact form to schedule a consultation with Vance E. Hendrix today. You’ll be glad you did.