Getting Legal: How to Know When You Need to Hire a Business Lawyer
You already know calling a business lawyer is the first thing to do if your company is being sued, but what about less severe situations?
Unfortunately, there are a lot of areas where it’s not clear if you need legal advice or not. In many cases, it would be helpful but doesn’t seem absolutely necessary.
We’ve come up with a list of circumstances in which you should call an attorney and several that you can navigate yourself.
Keep reading to learn more to help you save money when you don’t need a lawyer and keep you out of trouble when you do need one.
When to Call a Business Lawyer
First, let’s jump into a few situations which may seem like you can take care of them yourself but you’ll actually want to call in a legal expert.
When you’re purchasing new land for your business or even an existing business, pay close attention to any potential environmental issues. This includes contamination and endangerment to wildlife.
If a property is causing either of these things, it carries some heavy penalties, even if your business didn’t cause the initial problem. For this reason, you’ll want a lawyer to help you clear things up before it gets too far.
Sometimes, you and/or your business partners may want to make special allocations when it comes to profits or losses within your business agreement.
Again, this situation may seem simple but you’ll actually want a business lawyer to make sure everything is being done according to the law. A tax attorney will be particularly helpful in this situation.
Sexual Harassment or Discrimination Cases
At some point in your business, you will probably have to deal with a current or former employee threatening to sue your company or a manager for sexual harassment or discrimination.
While there are a number of things you should be doing to prevent this, these things may happen regardless. If they do, even threats should be taken seriously and responded to with an immediate call to a business attorney.
When to Do It Yourself
Now let’s get into a couple of things you can do yourself without needing the help of a lawyer.
Starting Your Business
There are a lot of things that go into starting a business, but you can do all of them on your own. These include:
- Reserving a name for your business
- Filing a fictitious business name statement
- Forming an LLC or corporation
- Applying for a business employer identification number (EIN)
- Leasing a commercial space
- Interviewing and hiring employees
As you can see, starting a business may take a lot of work, but you don’t have to include attorney fees in your budget if you don’t want to.
Setting Up Payroll
It may seem intimidating to set up a payroll system that complies with US tax laws, but the truth is it’s easier than you think. The most important aspect is ensuring all pay is recorded.
Using a website like paystubcreator.net is a great way to easily track payments to employees so both they and you can properly report everything to the IRS during tax time.
Need More Legal Advice?
Now you have several instances in which you’ll want help from an experienced business lawyer as well as a few things you can handle yourself. Hopefully, this gives you an idea of when you should get legal advice.
If you’re looking for more legal information to help you keep your business on track, check out more of our blog. All we have are legal articles to help you know your rights in every situation.