As an entrepreneur, being conversant with varying aspects of the business is very important. Every entrepreneur must know the lawyers he or she needs in business, and when to hire these lawyers. Just as you would not visit any doctor that comes into your mind, you should also avoid settling with the first lawyer you come across since lawyers are never general practitioners. Different lawyers are specialized in specific law subjects. Never assume that you need to place every kind of lawyer that you require on retainer. You can have only one or two on retainer and only contact the others when you require their services. You can read on to learn about the varying lawyers and when you need them.
The most common lawyer in every kind of a business is a business attorney. You should begin your business by hiring a business attorney. Transaction and litigation are the two main areas that business attorney focuses on. A litigation business attorney can help you in case a competitor, vendor, or client sues your business. An appearance attorney can be of great help in case your business attorney fails to appear on the court day. A transactional attorney can help you handle different business transactions. Involving a business lawyer can ensure that you structure your business well legally.
Your business may at some point require a tax attorney. In case you think that you do not require a tax attorney so long as you have a CPA, you are mistaken. It is paramount to get counsel from the tax attorney and the CPA. You require a tax lawyer who can professionally advise you on how to lower the burden of your tax. You should seek the services of a tax attorney when you have huge tax arrears that you need to pay.
It is paramount to note that the type of attorneys that you go for will largely depend on your business circumstances. In case you have intellectual property or a logo you need to safeguard, you should hire a trademark lawyer. When listing the most valuable assets, most people will not fail to mention their logos and brands. You, therefore, should never find it challenging to hire an attorney to protect these assets.
Another kind of a lawyer you may require is the family lawyer. Many business owners may not understand why they need to hire a family lawyer. However, your business is an important asset. You want to protect it in case of a divorce. A Family attorney will come in handy during legacy creation.
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