Before your company came into existence, it’s likely you spent years daydreaming about what it would be like to own a business—whether you brought forth a new concept, product, innovative business model, or helpful service to the community–and hiring a business attorney was probably not on your mind initally. There are so many benefits to business ownership, beginning with the control you have over your daily life as opposed to working for someone else. Along with that, you may have the ability to provide something truly valuable to the public, along with hiring a team and working with business partners who you may form lifelong bonds with over the years. The financial rewards are often better (although those first few years can often be challenging!), and it is an incredible feeling to watch a business you created take off. That is why protecting your hard work with the help of an experienced law firm like the Bolender Law Firm is critical.
While many new businesses do not hire attorneys until they are in the middle of a legal dispute, having legal expertise on your side from the beginning is recommended as you establish the foundation for your business. Whether you are creating a sole proprietorship or a large corporation, your business attorney will help you understand the best route to take, taking your finances and goals into consideration—as well as any tax implications.
Once your business structure is in place, a business attorney should be there for you as you form partnerships, whether they are with business partners who will be working in your company, or outside relationships with vendors and other entities. Legal advice is often necessary as you hire independent contractors also, creating specific agreements and maintaining the proper rights to your intellectual property.
More serious matters will arise over the years inevitably too, and your business will be much more secure if you have already solidified a good working relationship with an attorney you trust. You may be forced to deal with legal disputes from employees or outside sources, as well as handling any other myriad complaints or lawsuits that could be lodged against your company—whether they have merit or not. Unfortunately, dealing with disputes over the years is often the cost of doing business in a dog-eat-dog world. And, coming full circle, your business attorney will be able to assist you not only as you re-work profit allocations with employees or business partners, buy other companies or commercial real estate, but also as you or partners exit the company—or sell out altogether.
If a business dispute cannot be resolved through a call or written communication, our attorneys will represent you through litigation, arbitration, or non-binding mediation. Our attorneys are experienced in representing clients in state and federal courts, at both the trial and appellate level. Call us at 310-320-0725 now or submit an easy consultation request online. We are here to help!