Are you in the process of starting up a business and looking to dot the "i's" with legal representation overseeing it? Do you find yourself overwhelmed by the legal side of your new business venture?
If so, then you need to hire a business attorney for your company. Doing so can help you be proactive with things such as business contracts, business disputes, trademarking, trade secrets, business formation, and so much more.
You don't have to be an expert on the legal side of your business. See below for the many reasons why you should hire a Houston business attorney for your company right away.
1. Prepare for the Unexpected
There's a common business proverb that says "Don't be reactive, be proactive". In other words, don't wait for business complications and disputes to come knocking on your door before you take action to prevent them.
For example, to think that your company will go the entirety of its lifetime without a business dispute would be lofty, to say the least.
The Small Business Administration has statistics showing that over 50-percent of businesses get caught up in at least one litigation each year. No matter how high-quality your products and services are, there will be disputes you have to overcome.
If you have a Houston business attorney before you need one, then you can react more quickly to any potential threat. For example, an attorney can help you avoid many disputes by drafting clear business contracts and employee handbooks including company policies and agreements not to compete, solicit customers or use company secrets after termination.
Contracts are how a majority of businesses find themselves in complications. Any gaps or topics that aren't covered in your paperwork can come back to haunt you.
Instead, take a proactive approach by hiring a trusted Houston business attorney. An attorney will help you revise contracts that are missing critical details.
2. Protection From Lawsuits
As previously mentioned, over 50-percent of businesses find themselves involved in business litigation at some point in a fiscal year.
Those statistics can be overwhelming, but they don't have to be a threat to your company. With a Houston business attorney by your side, you'll have protection from many of the most common business disputes such as:
- Unfair competition
- False or misleading advertisements
- Breach of contract
- Employment disputes
- Partnership disputes
- Breach of fiduciary duty & more
Our goal at Hayes Hunter PC is to educate you on the most likely threats to your small, medium, or startup business. By having us on-hand, we can answer all of your questions regarding business litigations or possible lawsuits.
The best form of protection against a lawsuit is not giving anyone a reason to file one in the first place. This starts with having clear business contracts.
If the opposition has already filed a lawsuit, it's not too late to get help! We have lawyers with over 40 years of experience in business law.
We can use our expertise and know-how to help you compile evidence and build your case. Reach out to us for more information on what to expect throughout this process.
3. Validation of Your Business Contracts
You can write up business contracts until your hands cramp, but it doesn't mean that your contract can be legally enforced. There are certain elements a contract must include to be legally enforceable.
Imagine the horror of thinking you have a legally-binding contract in place, having a business dispute occur, then finding out the contract you thought was protecting you isn't legally enforceable.
If you hire a business attorney, then he or she will help you identify the holes in your contracts that leave your company vulnerable to a lawsuit. They'll make sure that your contract holds up to the standards of Houston courts and is a useful asset to you if you were to go through litigation.
We want to educate you on the entire process. We won't just proofread your contract and make edits. We want to help you learn what gaps are missing in your contract, why it could be a problem, and how we aim to help you fix it.
4. Business Planning
Is your company using the right legal structure? Some of you might have chosen to make your company an LLC without actually knowing what that entails.
The legal structure helps jurisdictions recognize your company as a legitimate and organized business. There are four primary forms in the United States:
- Limited Liability Company (LLC)
- Sole Proprietorship
Finding the right legal structure for your business is crucial. By hiring a business attorney at the start of your company, our team can help you determine the right legal structure for your business.
5. Education on New Regulations
Laws and regulations change more regularly than you might imagine. This can happen at the state, federal, or local level.
Your business must stay abreast of updates to local laws so that you aren't violating them. But how? You already have to worry about the operation of your company.
With a hired business attorney on-hand, you'll have someone who is constantly updating you on the regulations and their updates. You'll less likely be caught off-guard.
Hire a Houston Business Attorney for Your Company Today
Now that you have seen some of the different reasons you should hire a business attorney for your Houston-based business, be sure to put this information to good use.
Be sure to visit this page for more information on the Hayes Hunter PC team and why we're the ideal business attorneys for your need.
For more inquiries, please be sure to reach out via our contact us page, and we will be happy to assist you further!