Small business owners often wonder or not whether they really need a Business Law Attorney Tipp City OH. They worry about employing their skills because they believe it will be costly and that they don’t have the financial ability to do this. Thus, many small business owners wait until they have a specific need to contact and hire a Business Law Attorney In Tipp City OH. Business attorneys are professionals who have experience and knowledge in issues surrounding the business world, such as starting a company, running a company, and dealing with lawsuits that may arise. There are scenarios where you do not need the assistance of a business attorney and other situations where it is imperative to your success. Below are examples of situations that do and don’t require a business attorney.
Situations You Can Handle On Your Own:
1. Constructing a business plan
2. Choosing and researching a name for your business. You can find trademarked business names online.
3. Reserving the domain name and web address for your company website.
4. Creating documentation such as the legal partnership agreement, limited liability company agreement, or shareholder’s agreement.
5. Applying for your employer identification number.
6. Submitting applications for any permits or licenses your business needs.
7. The interviewing and hiring of employees.
Situations You Should Use the Assistance of a Business Law Attorney Tipp City OH:
1. If you are being sued by current, past, or potential employees due to decimation in hiring, firing, or because they say you created a hostile work environment.
2. Complaints filed or being investigated on your business for violation of any laws by local, state, or federal government agencies.
3. The contribution of appreciated property to your property or LLC agreement. This includes if you desire to make special allocation of profits or losses.
4. Your business is involved in an environmental issue.
5. The acquisition of another company or asset.
6. The sale of your company.
If you are afraid of racking up unnecessary attorney costs from the startup of your company or if a lawsuit happens, you should consider setting up a consultation agreement with a business attorney. This type of arrangement has you doing most of the research and actual work involved in a situation, while having an attorney providing guidance or legal review of the work you have done.