There are many reasons to start your own business. It is both an exciting and scary time. While you really want to focus on further developing your products and/or services, and growing your business, you may encounter some legal setbacks along the way. In fact, there are many legal considerations you should be aware of when starting out on your adventure. One of the questions you should ask yourself is: “What happens if you get sued?”
If you find that your business is being sued or is in the middle of a dispute, here are some reasons why you should hire a business litigation attorney.
1. Correct Formation
When you start a business, it must have a legal structure. This means it could be a sole proprietorship, a partnership, an LLC, or a corporation. A business litigation lawyer can work with you to ensure that your business is legally operating under the correct formation type and assist in protecting your rights under that particular formation.
2. Review Agreements
While it might be a great idea to partner or team up with another individual to run and operate your business, remember that there are a number of legal implications and considerations that go along with this decision. A business litigation attorney can help you draft those agreements and put them into motion to ensure that both your interests are protected in the event of a dispute or breach of contract.
3. Control Contracts
As a business owner, you know you need a contract for pretty much anyone you do business with, from partners, other organizations, vendors and suppliers, service agreements, and even employees. A business litigation attorney can help businesses with legal disputes surrounding contracts. In fact, the Court will often require that legally binding contracts between entities be drafted by an attorney.
4. Free from Fraud
We hear about fraud on a daily basis. From healthcare fraud to insurance fraud to consumer identity theft, fraud is all around us. And businesses are at risk too. A business litigation Lawyer can help your business fight against fraudulent disputes that arise.
5. Regulate Responsibilities
Sometimes in partnerships and in other agreements the break down of roles and responsibilities can get confusing and even lost in translation. A business litigation attorney can help iron out fiduciary duties.
6. Execute Employment
One of the biggest problem areas for businesses is employment. From workers’ compensation claims to employment contracts to employee lawsuits, if an employee files a lawsuit against you, regardless of the reason or cause, a business litigation attorney can help serve and represent you and protect your entity.