Every small business owner needs a legal partner to help them navigate the legal aspects of running their company. Whether you’re just starting up or have been in business for years, a good attorney can help protect your company from a range of issues.
A good small business lawyer can advise you about everything from copyrights and trademarks to zoning compliance, licensing and more. They can also help you form your business entity and file certificates of incorporation, and help with tax advice.
1. Legal Advice
Every new year brings new laws to the table that impact business owners. For example, as of January 1, 2020, the state minimum wage will increase by 3%.
However, there are many other issues that you need to be aware of as a small business owner in Nigeria. If you don’t keep up with these laws, you could face big penalties or even a lawsuit.
You can get assistance with these legal concerns from business lawyers in Nigeria. Additionally, they can offer you the direction and assistance you need to keep your small business lucrative and successful.
2. Contracts
Contracts are a staple of business transactions, whether you’re hiring a new employee, selling an asset or forming a partnership. Having one in place is critical to avoid costly litigation and to protect your bottom line.
A well-written contract will also help you save time and money by reducing the number of manual processes in your office. Check out Juro’s all-in-one contract automation platform for an effective solution that will help you get your contracts on the books in no time. Our team of contract experts can show you how to make your next deal the best it can be. To learn more about what our services can do for your Tampa business, call today! We can’t wait to hear from you.
3. Licensing
Obtaining and maintaining all the necessary licenses for your business is essential to its legal operation. Failure to comply can lead to fines, penalties and denial of operations.
The types of licenses and permits you need depend on your industry, location and government rules. A good business attorney can help you determine which ones you need and make sure you get them quickly.
Licensing is a way for companies to obtain the rights to develop and sell a product. Typically, licensing involves paying a royalty to the company that developed the product and using their name, logo or other intellectual property.
4. Taxes
Taxes are mandatory payments or charges levied by governments on individuals or businesses to cover the costs of general government services, goods, and activities.
They are also used to redistribute resources between groups or classes of people. This can be done to increase the economic welfare of a population or to support specific goals, such as education, health care, public safety, and national defense.
Taxes can be complex and confusing, especially for small business owners. Fortunately, the best way to navigate them is to consult with an experienced Tampa Business Attorney. They may have handled similar issues before and can help you avoid common pitfalls.
5. Employment
One of the most common reasons for a small business to seek a business attorney is to establish a business structure, such as a sole proprietorship, LLC, partnership, or corporation. This will save a business owner money and ensure tax benefits.
Depending on the type of business, an attorney may also be called upon to negotiate contracts and other legal agreements. These can involve writing employment contracts, NDAs, and other agreements to protect the interests of both parties.
A business lawyer is a valuable resource for any entrepreneur who wants to keep their company running smoothly and efficiently. However, it’s important to choose the right person to represent your company. This requires getting to know them and working closely with them. Start by asking other business owners for a referral, or find a lawyer who works with businesses similar to yours.
Conclusion:
Hiring a business attorney is an essential step for every small business owner to protect their legal interests and ensure the smooth operation of their business. A business attorney can provide valuable advice and guidance on various legal matters, such as drafting contracts, protecting intellectual property, resolving disputes, and complying with regulatory requirements. By working with a business attorney, small business owners can avoid costly mistakes and minimize legal risks that can otherwise jeopardize the future of their business. Overall, investing in a competent and experienced business attorney can provide small business owners with peace of mind and the confidence they need to focus on growing their business.
