Frequently Asked Questions
Q: Why do I need a business lawyer?
A: Business deals that are not properly structured can be costly. A business attorney can help you navigate potentially dangerous areas and may be able to help you stay clear of unnecessary risk. Even if you end up in litigation, you may be better off having followed the advice of an attorney.
Q: How do I find a lawyer who specializes in my specific business needs?
A: To find the lawyer that has the specialties you need, it is important to be precise and detailed when talking to them during your first conversation. Do not make any assumptions and ask plenty of questions regarding the business attorney’s background, case history, client history and so forth.
Q: Do business attorneys do simple contracts?
A: Business attorneys can help you create, review or negotiate any type of contract. This may be particularly helpful if you are creating forms that will be used for several deals. One avoidable error in a form agreement could create liability every time it is used. A licensed business attorney can help you identify and avoid potential errors.
Q: I’m starting a new business. What type of business entity is best?
A: A licensed business attorney can help you evaluate which business entity may be right for you. Every business situation is unique and business owners may have different goals or objectives. While LLCs are generally easier to operate than corporations, corporations may have certain tax benefits that are more attractive. There really is no “one size fits all” when it comes to business entities. To know for sure which entity selection is best for your business, talk to a business attorney.
Q: My company may be going out of business. How can a business attorney help me?
A: Your business may have certain winding up requirements that must be followed when closing the business. You also need to make sure debts are properly paid before owners take cash or properly out of the business. Depending on the size of your business, you also might need to comply with federal or state requirements before you close shop or lay off employees. Your best course of action is to consult with licensed business attorney. Even a short phone call can help you avoid simple mistakes and potentially save you thousands of dollars.