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4 Business Dealings That Require an Attorney

I'm the owner and founder of PIT Designs. I love creating digital presence and creative digital solutions for our clients.

Posted 1 month ago on December 30th, 2022. Last modified on January 9th, 2023

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No business owner wants to get into legal trouble. But there are some situations where it's necessary to have an attorney on your side. Here are four business dealings that require an attorney:

Starting a Business

Making the jump from idea to reality can be a thrilling venture, but also filled with red tape and lengthy paperwork. When starting a business, having the help of an experienced attorney is essential for getting all the legal bases covered. They can draw up contracts and paperwork for forming your LLC or corporation in one fell swoop, saving you time in the process. So if you're dreaming of starting your own business, make sure you include hiring an experienced attorney as part of your plan of action!

Buying a Business

Purchasing a business can be intimidating, and having insufficient legal guidance could lead to pitfalls and costly mistakes. For any business acquisition, an experienced business attorney should be consulted to protect your interests during the process. A good attorney will help you negotiate the terms of the purchase agreement and provide critical advice on the due diligence process. Although it may add extra expense to the transaction costs, engaging a dedicated legal professional could be worth its weight in gold in protecting you long-term.

Selling a Business

Selling your business is a major transaction that can seem daunting for even the most experienced entrepreneurs. However, enlisting the help of a professional attorney, such as Ian Carter, can make the process much easier and ensure that your rights are protected throughout. With an attorney's expertise and assistance, you can be sure that your interests are adequately represented in the negotiation and sale of the business. In other words, an attorney provides the peace of mind you need to confidently move forward with such an important transaction.

Hiring Employees

If you are bringing on new employees, you might be overwhelmed but it is essential that each employee has a clear understanding of their roles and responsibilities. Drafting employment contracts may seem like an extra step, but having the documents written and reviewed by an attorney is essential to protect your business. Doing so ensures that your confidential information and trade secrets are legally protected, and your company is compliant with labor law regulations. Taking this step will help ensure you have a successful onboarding experience for all involved.

If you're starting, buying, selling, or hiring employees for a business, it's important to have an experienced business attorney on your side. Be sure to contact a qualified legal professional when engaging in these four important business ventures.