Most small business owners do not prefer to spend on a business lawyer. The general perception is that lawyers are very expensive and hence most of them decide to not take legal advice. Are you a small business owner who doesn’t prefer to hire a lawyer?
Think of it in this way. If taking legal help costs you a cent but the legal issues you avoid due to it save you a dollar, isn’t it what a smart businessman should do? Besides, taking legal help from time to time also aides in the smooth running of the business.
Since you run a small business, you need not avail the services of a business lawyer for all legal issues in business, but you can certainly afford the cost of a small business lawyer for some serious legal issues.
Let’s have a look at which legal issues in your small business you may handle on your own and which you should not. There are several legal tasks involved in business that are quite simple and a smart businessman like you could easily handle them using self-help resources.
You don’t need local business attorneys for such legal tasks as:
- Applying for licenses and permits required for your business
- Paperwork required by the IRS
- Reserving your website’s domain name
- Creating various contracts
- And many others
You must retain a small business lawyer for the below mentioned legal issues:
- Discrimination or harassment case filed by an employee
A former, current or a prospective employee of your company could cause serious damage to your business by suing you over discrimination in hiring as well as termination. Besides, a lawsuit for hostile work environment could also be slapped on you.
- Immigration audits or investigations by government entities
An investigation by government entities could knock your door for violating any of the laws. If you have hired illegal labor even without your knowledge, you could face a surprise immigration audit any time.
- Patent and copyright lawsuits
If you are in the tech industry, you stand the risk of facing patent litigation if any of your products violate the norm.
- Class action lawsuits from dissatisfied customers
If you do not take prompt action on flawed products and timely address the issues of your customers, you stand the risk of class action lawsuits, which could completely destroy the reputation of your business.
The best deterrent to legal issues in business is to foresee them and prepare well in advance for them. Most damages could be avoided if you take legal advice much early and plan for them. For example, If you learn in advance what questions are never to be asked to prospective employees or current employees by understanding anti-discrimination laws, you would not get in the lawsuit trouble in the first place. Similarly, if you had previously done the background checks of your employees to identify illegal immigrants having false documents, you would have not faced an immigration audit.