Owning and managing a business of your own has always been a dream of yours. As enticing as that position always sounded to you, there are inherent risks that go along with business ownership that no one ever seems to talk about until it’s too late.
Although many business practices can be handled without the help of a lawyer, Georgia companies need to know when having legal guidance is necessary. Having the help of a lawyer on your side protects you personally and keeps your business up and running without a hitch.
When Should You Hire a Business Lawyer in Georgia?
Startups in particular have difficulty knowing when it makes sense to hire a lawyer. Because you are operating on a bootstrap budget, it is important that you only invest when necessary. Here are three of the most critical points in your business journey that having a lawyer on your side will make sense.
- New partnerships. You tried to go it alone for as long as possible, but now you’ve reached a point where having someone else on board makes sense. New partnership formations are an exciting time, but they should be entered cautiously. When you’re ready to merge your startup with another person, having a business attorney help you navigate the terms and conditions of your new arrangement can save you headaches, and a lot of money down the road.
- New contracts with other organizations or freelancers. Many startups employ the help of freelancers and other organizations to help grow their business. Before you get involved with outsiders, it is important to protect your business from leaks of confidential information, unlawful practices by the other party, and more. A business attorney can help you put together a contract to keep your company legally protected.
- Business lawsuit. It’s every entrepreneur’s worst nightmare: a lawsuit against them or their company. If you’ve been served, it’s critical that you employ the help of an experienced business attorney to defend you. Without this help, you risk losing everything.
Having a business attorney on your side can help you sleep better at night while at the same time propelling you closer to your goals.
We Want to Hear From You!
If you’ve just started your company, we want to hear from you. Let us know in the comments below what kind of help you’ve found most beneficial from your Savannah business attorney, or what occasions you wish you had hired a business attorney to guide you.