Businesses, today, face a wide variety of complex legal challenges. Whether it is while initiating or running a business, entrepreneurs are usually worrying about whether or not to have a business lawyer on board. While it isn’t necessary to have a business lawyer for each and every step of starting or running a business, there are some instances in which you must consult a business lawyer. Whenever businesses confront serious legal challenges, such as, a customer suffering an injury because of a malfunctioning product or a partner filing a case related to a dispute, they must consult a business lawyer. Steinpag Corporate Lawyers offer clients specialised and comprehensive advice on a range of corporate, energy and resources and commercial matters.
Complex legal challenges take up too much time, effort and may be fraught with liability issues. In such situations it would be wise to consult a business lawyer. Following are situations in which businesses must consult a lawyer:
- In case the local, state or federal government has filed a case against you or is investigating your business for violation of laws;
- In case your business is involved in any environmental issue. Even if your business hasn’t caused any direct environmental damage it is important to consult a business lawyer to assess the case as environmental protection laws carry heavy penalties;
- Businesses are not immune to disputes and these can arise at any time over a wide variety of issues and involve different stakeholders such as consumers, suppliers and partners. In case a consumer, supplier or partner files a case against your company you should definitely consult a business lawyer;
- In case you would like to make a special allocation of profits and losses or in case you want to contribute appreciated property to your partnership or Limited Liability Company (LLC) agreement you must seek the professional help of a business lawyer;
- In case you are negotiating for the sale of your company or for the acquisition of any other company and/or its assets;
- In case an employee files a case against you for discrimination or against one of your staff for sexual harassment.
Depending on the complexity of the legal challenge you may decide whether to hire a business lawyer or to work out a consulting arrangement. What you must keep in mind is that having timely legal help can prevent further exacerbation of the issue as well as it goes a long way in saving you time and money.