Small business owners are faced with many decisions every day on how to run and handle their business. As an entrepreneur, the last thing any business owner wants to focus on is legal tasks, issues, paperwork, and especially legal negotiations or lawsuits.
After all, owners should be handling the day-to-day operations of their business, not stressing over time-consuming legal factors. But how do you know when it’s time to hire an attorney? Our team here at The Frazer Firm will explain a few of the most common situations that we help our clients through.
From the complex process of starting and protecting a new business, to dealing with legal issues as an established business, The Frazer Firm is here to assist you. Contact us today at (561) 295-1551.
New businesses require a lot of documentation and filings in order to be up and running. This can quickly become confusing, especially if the business owner has never done anything like this before. This can become very stressful, very quickly.
Hiring an attorney to help with the formation of your new business can save you a lot of headaches, both when starting up and later down the road. Here are just a few ways that our team at The Frazer Firm can help:
An attorney can help new businesses choose the best business structure to move forward with. This is an important decision that will have long-term effects on the business.
Every business has to deal with contracts, whether it’s with employees, vendors, suppliers, or customers. An attorney can help review and draft contracts to ensure that the best interests of the business are always represented.
Even before hiring their first employee, business owners need to be aware of employment law issues and how they apply to their business. An attorney will ensure that the business is in compliance with the law and help avoid any potential problems in the future.
By having a dedicated business attorney engaged as outside counsel, businesses can avoid many potential problems before they even happen. A business lawyer will help the business pro-actively identify risks and put policies in place to help mitigate those risks.
Of course, starting a business is only the beginning. As a business grows and becomes more established, litigation issues may arise. Here are some of the ways that our business litigation attorneys can help protect established businesses that may face costly and time-consuming litigation:
Breach of Contract
Contracts are a necessary part of doing business, but when one party doesn’t hold up their end of the bargain or fulfill their contractual obligations, you will need an experienced business litigation attorney to help navigate a successful resolution.
Breach of Fiduciary Duty
Officers and directors of a company have a duty to act in the best interests of the company. Sometimes other owners or shareholders may not agree with the decisions being made by the company’s management. Experienced business litigation counsel can help defend, or prosecute, claims for breach of fiduciary duty.
Due diligence can’t identify every potential business problem or concern, and sometimes business partners or other contracting parties misrepresent (lie) material facts to induce entering into a contract or business deal. If the business is the victim of fraud, you will need an experienced business lawyer to help investigate and aggressively resolve the issue.
The biggest reason small business owners do not hire experienced business attorneys is because of cost concerns and failure to budget for legal support. However, the cost associated with legal services to proactively protect the business are usually significantly less than legal fees associated with commercial and business litigation disputes. Investing in the protection of the business can help avoid costly disputes that harm the company’s bottom line and restrict growth.
Ready to Hire a Business Attorney?
No matter what stage your company is at – either starting up or established – the experienced business attorneys at The Frazer Firm are ready to help protect your business. We solve the problems that keep business owners up at night, so they can focus on what matters the most: running the business and making a profit.
Contact The Frazer Firm today at (561) 295-1551 to learn how we can help meet all your legal business needs.
Succession Planning: Preserve Your Business
Whether your business has been in the family for generations, or you founded and built it from the ground up…
Ways For An Established Business To Limit Legal Risk
Every company faces legal risks, no matter its size or industry. To protect their businesses and assets, understanding risk and…