As a business owner, you may require one or more lawyers who specialize in certain areas, such as intellectual property or contracts, to help you successfully navigate various legal aspects of your business. Here are eight types of attorneys...
As a business owner, you may require one or more lawyers who specialize in certain areas, such as intellectual property or contracts, to help you successfully navigate various legal aspects of your business. Here are eight types of attorneys you may need – followed by the qualities to look for when selecting a business lawyer.
1. Business Lawyer
A business lawyer can play a vital role in various aspects, ranging from business formation to legal compliance. If you are starting a small or medium-sized business, you may need to deal with laws related to partnerships, LLCs, or corporations. A business lawyer will help you navigate through these processes.
They also offer advice regarding licenses, permits, and other regulatory requirements. By hiring a business lawyer, you will receive expert advice and support – which is crucial for the smooth running of your enterprise.
2. Employment and Labor Lawyer
Employment and labor lawyers specialize in matters related to the employer-employee relationship. They can help your business comply with employment laws, draft employee handbooks, and contribute to human resources plans.
Moreover, they professionally manage cases of wrongful termination, workplace harassment, or workplace discrimination. An employment-and-labor lawyer is sure to be crucial for your business, as they help you to maintain a healthy working environment – thereby protecting you from potential legal battles.
3. Intellectual Property Lawyer
An intellectual property lawyer specializes in legal matters related to trademarks, copyrights, patents, and trade secrets. If your business involves innovation or the creation of unique products, such as software or music, protecting these assets becomes crucial.
An IP lawyer assists you in safeguarding your intellectual property rights. They help draft patent and trademark applications, put into place non-disclosure agreements for employees and contractors, and can represent you in cases of possible infringement.
Essentially, they help protect the unique features that give your business a competitive advantage.
4. Contract Lawyer
Contract lawyers specialize in drafting, negotiating, and reviewing legal contracts. If your business involves dealings with third parties, whether they are customers, suppliers, or partners, you will inevitably need to prepare and sign contracts.
A contract lawyer helps to ensure that your contractual arrangements protect your rights and interests while complying with the law. They help reduce the risks of future disputes by outlining clear terms and conditions from the onset.
Therefore, if your business engages in frequent contractual agreements, having a dedicated contract lawyer can save you potential headaches down the line. Alternatively, you could use an online contract maker.
5. Securities and Finance Lawyer
A securities-and-finance lawyer focuses on financial transactions, securities, and corporate governance. If your business engages in raising capital or issuing shares – or if it is publicly traded- their expertise is sure to be invaluable.
A securities and finance lawyer will ensure compliance with securities law to prevent hefty penalties and charges. In the event of mergers or acquisitions, they can represent your business interests effectively.
Moreover, they can help in managing your financial portfolio if you are considering a substantial investment.
6. Tax Lawyer
A tax lawyer specializes in the complex field of tax law. They are impactful when your business needs guidance on compliance with local, state, and federal tax regulations.
Complex matters – such as structuring businesses to maximize tax benefits, handling audits from the IRS, or resolving back tax problems – are effectively handled by a tax lawyer.
They will provide sound advice on minimizing your business’s tax liabilities – consequently saving you money. Engaging a tax lawyer ensures that your business is aware and compliant with evolving laws and can manage any forthcoming taxation issues skillfully.
7. Real Estate Lawyer
A real estate lawyer is vital if your business involves property transactions. They handle legal issues related to commercial property deals, from drafting purchase agreements to handling disputes over property use.
If you are either buying, selling, or leasing a property for your business, their expertise will ensure that contracts favor your interests and that your transactions comply with local laws and regulations.
A real estate lawyer carries out thorough due diligence on properties – preventing potential pitfalls down the line.
8. Criminal Defense Lawyer
Criminal defense lawyers specialize in representing individuals or businesses facing criminal charges. You might need the expertise of a criminal defense lawyer if allegations of financial fraud or other criminal activities related to your operations arise.
Imagine your business is based in New Jersey, and you need a local lawyer well-versed in criminal defense law. Then a skilled and experienced lawyer, such as this criminal defense lawyer in Middlesex County, will not only defend you vigorously in court but also guide you through the often-intimidating legal system.
They can find potential defenses, mitigate penalties, and work toward maintaining your business reputation during challenging times.
Qualities to Look for in a Lawyer
Choosing the right lawyer is crucial for the success and legal health of your business. So, make sure you find a lawyer who is reputable, skillful, and experienced.
Here are some of the key qualities you should look for in a lawyer for your business.
Expertise
Ensure that the lawyer specializes in the areas relevant to your business, such as contract law or intellectual property law. They should have extensive knowledge and experience in these fields.
Communication Skills
Your lawyer should be articulate, responsive, and capable of explaining complex legal concepts clearly.
Good Rapport
Developing a good relationship with your lawyer fosters trust and understanding. It is important to feel comfortable discussing sensitive matters with them. So, choose a lawyer who you have a good rapport with.
Strong Ethics
Lastly, integrity, honesty, and confidentiality are essential traits in any good lawyer. When you hire an attorney with these qualities, you can ensure you will keep your business legally sound while upholding high ethical standards.
The post Hiring a Business Lawyer: Eight Types You May Need appeared first on Small Business Coach.