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Do I Need a Business Lawyer for My Small Business?

Entrepreneurs and small business owners have many things they need to handle. When juggling so many tasks and action items, it’s important to have a lawyer to guide you through the maze of starting your small business. This article will help advise those who are opening their own small business on when they should consult a lawyer.

When You Don’t Need a Business Lawyer

The following is a list of some tasks that business owners should consider taking on themselves

  • Naming your business
  • Purchasing a domain name for your business website
  • Writing a business plan
  • Obtaining an Employer Identification Number
  • Applying for and obtaining any licenses and permits you may need
  • Hiring employees
  • Submitting government and IRS forms or handling the IRS during audits
  • Applying for and obtaining any licenses and permits you may need

When You Will Need a Business Lawyer

While you may be able to work through some smaller tasks regarding your business on your own, there may be times when you should consult a business lawyer. Depending on your situation, it might be a good idea to consult a business lawyer with any of the following issues:

  • Creating any legal agreements with partners or investors
  • Matters regarding allocating profits or losses
  • Matters regarding selling your business
  • Any lawsuits or claims against your business initiated by government or local entities
  • Any lawsuits or claims against your business regarding employee rights