We’re all throwing the dice, playing the game, moving our pieces around the board, but if there’s a problem, the lawyer is the only person that has read the inside of the top of the box. Jerry Seinfeld

You may know your business inside and out, but your professional experience cannot protect your interests on its own. Whether you haven’t yet founded it – or you have already successfully captained it for a number of years – your small business needs a business lawyer. That’s because attorneys don’t just extinguish expensive (and potentially catastrophic) fires. Their work also helps prevent those fires from catching in the first place.

Every New Small Business Needs an Attorney

Starting a successful business is a complex process. In addition to so many other things, it requires setting up the business so you are protected against debt, liability, and unwanted legal action. That, in a nutshell, is a business lawyer’s purpose.

If you haven’t yet begun offering your services to the general public, then now is the perfect time to sit down with a business attorney. Their services include:

  • Handling red tape involved with interstate commerce

  • Handling all matters of registration, permitting and licensing

  • Ensuring their client’s business is structured correctly to protect against liability

  • Ensuring their client follows legal procedures for raising and distributing capital

  • Drafting and reviewing contracts to ensure they are valid and conducive to their client’s interests

  • Drafting and reviewing partnership, non-disclosure and LLC operating agreements to ensure they protect all involved parties

Every Established Small Business Needs an Attorney

You may have already founded your business without an attorney’s assistance. After all, writing a business plan, creating partnership agreements, applying for an EIN, and drafting contracts are all within the scope of a non-attorney’s abilities – as they rightly should be, in the Land of the Free.

But this is also a country where several dozen million lawsuits are filed annually. If you want to minimize risk without interrupting your normal business affairs, then you will almost certainly need an attorney who specializes in:

  • Protecting intellectual property

  • Navigating real estate transactions

  • Mitigating the impact of government complaints and investigations

  • Mitigating the impact of lawsuits filed by former or current employees

  • Negotiating contracts, including those involved in the sale of businesses

  • Ensuring that a new business practice is fully compliant with existing regulations

If you haven’t yet, consider keeping a business lawyer on retainer. Doing so does more than guarantee constant access to qualified legal advice. It will enable you to draft contracts quickly and with greater confidence, as well as conduct your business without having to spend time carefully reviewing contracts. Retaining a business attorney also gives you an invaluable head start in the event that your business becomes targeted by a lawsuit (roughly two out of five small businesses are at some point).

If you do business in the greater Logan, UT area, Hillyard, Anderson & Olsen is available to take care of all your legal needs. Our seasoned attorneys share in-depth knowledge of a broad range of industries, are well prepared to tackle whichever legal challenges our clients may face, and pride themselves on always doing what’s in their clients’ best interests. Wherever you are on your business journey, we welcome you to contact us today.