Share:

Owning a business and working for yourself is incredibly fulfilling, but it does not come without challenges. When starting a company, for example, the legal hurdles alone are enough to make even the most motivated entrepreneur question everything. Fortunately, if you turn to a seasoned business law attorney from the start, you can avoid some of the most common pitfalls of running a business and resolve any issues that do arise as quickly as possible. Here is what you should know about hiring a lawyer to ensure your company’s success.

What Does a Business Attorney Do?

Business law is a fairly broad area of legal practice that includes elements from other practice areas, like tax, real estate, and employment law. In simplest terms, business law applies to commercial enterprise and deals with the creation, merging, acquisition, and managing of companies.

business lawA business law attorney helps clients mitigate both legal and financial issues when forming new companies. Once their enterprises are up and running, a seasoned lawyer will help them navigate transitions, complete transactions, draft favorable contracts, and settle any disputes that arise.

When Should You Hire an Attorney for Your Business?

It is never too early to hire a business law attorney. In fact, you should seek counsel long before the company is established. A lawyer will ensure any initial contracts like leases and manufacturing deals are in your favor and will help you determine the best way to structure the company, whether that means as a corporation, limited liability corporation, partnership, or something else entirely.

Of course, it’s never too late to hire a commercial attorney either. Even if you have been in business for a while, a lawyer can review all current contracts to ensure the other parties are not violating their terms and will draft future deals that do not put the company in a vulnerable position. You should also consider hiring an attorney before implementing a succession plan or completing any major transaction or transition.

 

If you need a business law attorney in Kentucky, turn to Williams, Hall & Latherow, LLP. Based in Ashland, this full-service law firm practices in a variety of areas so clients can turn to them for all their legal needs. Since 2000, they have been helping individuals resolve disputes that fall under personal injury, commercial, and insurance law. You can schedule an initial consultation by visiting their website or by calling (606) 329-1919. 

tracking