Why a Business Lawyer is a Must for Successful Corporate Dreams

Why a Business Lawyer is a Must for Successful Corporate Dreams
Every business needs two professionals without whom nothing is possible: an accountant and a lawyer. People are pretty obvious why they need an accountant – he/she will review your numbers from time to time, and prepare your tax returns.
Business Lawyers
However, rarely do people realize why they need a business attorney. Our lawyers will provide you vital legal assistance in every aspect of your business, from copyright, trademark advice to lawsuits and liability etc. Firstly, let us know some types of attorneys:
Types of Attorneys
Just like doctors, lawyers too are becoming specialized. For instance, like – someone who is a veterinarian can’t handle your health issues. Similarly, someone who has perfection in wills or other “non-business” matters will probably be not good for your business.

  • Contracts: A lawyer who is able to understand your business quickly is inevitable. They will not only help to prepare standard form contracts but will also help you in responding to other people’s contracts.
  • Business organizations: A lawyer who can organize your business in a better way by helping you decide amongst a corporation or limited liability company (LLC) is also a must. Moreover, they will help you in the necessary paperwork.
  • Real estate: Leases of offices, retail stores and other commercial spaces are very complex. These, in fact, mostly benefit the landlord. Rarely, do people know that these ‘printed form’ documents are also negotiable. Your attorney will have a ‘tenant’s addendum’ that contains all the provisions for your benefit. These provisions can be added in order to get the best real estate deal on the printed form of lease document.
  • Taxes and licenses: Undoubtedly, your accountant will prepare your tax returns and file them each year. But your lawyer will register your business for federal and state tax identification numbers. Moreover, they will understand the tax evasion consequences.
  • Intellectual property: If you are in a design, media or any other creative-type business, then you will probably need a lawyer to help you register your services. This helps against copyright protection and federal trademark.

Better Late than Never
Most small businesses won’t consider hiring a lawyer until they are served summons. This is one big mistake! The time to hook yourself up with a good legal advisor is before you are sued. If the problem has already occurred, then it’s just a question of how much you will have to pay. Hence, once you get the summons and complaints, it’s too late.
Choose what?
Generally, if the law firm is larger, they’ll have greater transparency & higher rates. Still, you will be having a number of advantages over smaller law firms. Lawyers nowadays have become amazingly specialized. If you go for a solo legal practitioner or maybe a small firm, then it’s likely that they will be unable to provide you all the skills that you may require to grow your business. Lawsuits, negotiations regarding lease of office/retail space, filing of patent or trademark etc are some things that are definitely not their cup of tea. Sooner or later, they will refer you to ‘specialists.’
Many people consider judicial system to be a rat trap – it’s easy to get into the court, but extremely difficult to get out. Attorney’s fees may feel like a burden. But trust us, the fee a lawyer will be a very minute percentage as compared to what you might end up paying in compensation. We, at Nanda Lawyers & Associates, guarantee you to give all the skill set and experience regarding your business under one roof.

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