Small business owners may not consider various legal issues to be of immediate concern. However, there are several ways that attorneys can help small businesses.
Business Formation
Essential issues are mostly handled when the business plan is being formulated. A small business attorney may even structure the business in ways that helps limit personal liability. Small business lawyers assist with the incorporation process to assure the business owners that the company is laid on a solid legal footing.
Corporate Governance
A business lawyer high point nc helps incorporate the business and advises commercial agents to have a partner and annual shareholder meetings to maintain the status. Certain business entities have to elect officers and record minutes based on state requirements. Taking such steps is beneficial to business and minimizes the piercing of the corporate veil to minimize exposing corporate officers to personal liability.
Intellectual Property
A business has to take the necessary steps before it launches to protect its intellectual property. This includes the business name, brand name, logo, and other business aspects protected by copyright. Businesses may have various intangible assets that require protection, including creations, devices, architectural blueprints, and computer software. A business lawyer Orlando-based helps clients patent and acquire the necessary copyright and trademark registrations that protect the business’s crucial aspects.
Employment Agreements
Many businesses usually start as a single-person entity. However, small business owners may require some help later on for the company to thrive. Business attorneys assist their clients in drafting employment agreements, including employment contracts, non-disclosure agreements, and non-compete agreements. States have explicit rules regarding the timeline of a non-compete agreement, the extent of the deal, and the geographical proximity of such contracts.
Non-Disclosure Agreements
Once the business begins its operation, business owners are bound to enter into various agreements with concerned parties. Business owners have to get an assurance that trade secrets and business ideas are protected. Business lawyers facilitate the drafting of non-disclosure agreements to enable the business to expand without worries about having their information stolen.
Collections
When clients fail to pay their bills, small businesses’ cash flow system cripples. A business lawyer comes in handy to facilitate the collection of past dues. A seasoned business lawyer walks the owner through the process and advises on how to present evidence.
Hiring a small business lawyer is an excellent choice for the business. Schedule a consultation with different attorneys in the area and seek help from family members and friends to secure the best lawyer.
