Even if you’ve owned a business for years and have “gotten by” without the aid of a business attorney there are likely security risks and opportunities you are missing right now that an experienced business attorney can help you identify, protect against, and take advantage of.
What specifically can an attorney do for your small business?
There are too many things to list in a brief blog post that an attorney can do for any business. In general, a qualified business attorney can assist you with any legal document or issue, negotiation, or contract. Specifically:
- Help with the registration and filing of paperwork with local, state, and federal agencies.
- Help draft non-disclosure and/or non-compete agreements.
- Help create purchase or sales agreements between you and your vendors and customers.
- Help you trademark and/or develop your company name and brand.
- Help file any patents your business owns.
- Help with organizing your business into a partnership, corporation, or LLC.
- Help with legal issues like litigation.
- And so forth…
When is the right time to hire an attorney?
If you are like most entrepreneurs, your startup has a tight budget and finding the money in it for an attorney may seem lower priority than many of your other expenses. But the fact of the matter is that you’ll be negotiating contracts, applying for licenses & permits, and drafting employee handbooks, contracts, and other legal business documents right from the get-go.
Savvy entrepreneurs know the best time to get your attorney involved is at the ground floor when their experience and insight can help you the most. Remember, an ounce of prevention can be worth a pound of cure. There’s no reason to wait until you already are in hot water. Protect yourself, your business, and your employees by hiring an attorney now – before your business’s legal livelihood is at stake.
How much should you spend on an attorney?
Often business owners shy away from experienced attorneys because they see this as a luxury they cannot afford. The reality is an experience attorney is a necessity you cannot afford to be without. There is no reason to not be prudent with your money, so you don’t have to go out and get the biggest name in the industry, but if you’ve vetted an attorney and trust them, then they will be worth every penny you spend. Trying to save a little by hiring an experienced or underqualified attorney can be a costly mistake in the long run.
Keep in mind, a good attorney will need to spend time on you. If an attorney is offering rates that are too good to be true, they likely will not be doing the work themselves or will not devote much time to your business. A quality attorney will be up front about the fact that representing your interests will take time and quote you appropriate rates. This is what you want to look for when deciding on which attorney to trust.
Still have questions?
Please call us for a free appointment with Miami business attorney Yoel Molina in our Miami office at 305-548-5020.