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Why Businesses Should Develop a Relationship with a Los Angeles Corporate Lawyer — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio

There are many things you need to do when starting a business. Without the right team in place, the process can be overwhelming and your business may fail before it has a chance to start. This is where a corporate lawyer can help you. They handle start-up tasks to ensure your new business is legal and has a solid framework in place.

In some cases, your corporate lawyer can even advise you on general business manners and provide you with the resources and connections you need. For example, when your company is being sued, corporate lawyers often refer their clients to business litigation attorneys Los Angeles businesses trust California Business Lawyer & Corporate Lawyer, Inc. Don’t underestimate the value a corporate lawyer can bring to your startup. Often, biotech companies have employees in San Diego, which is why many corporate attorneys refer their clients to Nakase Law Firm. labor attorneys in san diego.

How to find a suitable corporate lawyer

Just as entrepreneurs are unique, so are corporate lawyers. They each have unique skills and personalities that they bring to the table. Finding a suitable corporate lawyer involves identifying your business needs and choosing the lawyer who can meet them.

  1. Identify your needs – Write a list of skills or traits you need in a business lawyer. If your list is long enough, prioritize them to identify the most important traits. Your list can include things like experience in your industry, efficiency, time to explain things, and expertise in a particular area of ​​law.
  2. Find Local Corporate Lawyers – Using references or online legal directories, research local corporate lawyers and compare them to your list. See if they meet all or most of your needs. You can find information about them on their website, on attorney review sites, and in industry news.
  3. Meet the shortlisted candidates – Make a shortlist of suitable business lawyers and meet with them. Book a free in-person consultation so you can ask them questions and determine if they have the skills you need. Prepare the questions in advance so that you don’t miss any relevant information. Once you’ve met them all, compare their responses and your impressions and hire the one you liked the most.

The lawyer you hire should be someone you see yourself working with for at least three years. Businesses change and grow and will need different legal expertise at different stages. Three years from now, your startup will still be in its infancy, and you’ll still need someone who can help you through the early years of your business.

Why do I need a corporate lawyer?

A corporate lawyer can help your business in countless ways. From giving you general advice to helping you with important business tasks, your lawyer will ensure that you make the best decisions for your new business. Here are some of the ways our corporate lawyers help our clients:

Day-to-day advice

New entrepreneurs often need a little advice, and our corporate lawyers provide it. They send general business resources and act as a sounding board for clients who are new to the business world. Our clients call us for referrals to accountants and other business professionals and to ask questions about the legal implications of making certain decisions. If you need additional help and support, it’s important to choose a business lawyer who can give you the time and support you need.

Business launch

Even before you welcome your first client, a business lawyer will work behind the scenes to help you. They will do things like help you choose the right business entity and help you raise venture capital if you need additional funding. If you want to be a publicly traded company, they will help you navigate the securities laws to trade in the stock market.

Dispute

If you receive a legal claim or plan to sue someone, you will need the help of an attorney who is familiar with your business. Even if your corporate lawyer suggests that you hire a litigant, your corporate lawyer will be able to advise him and bring him up to speed quickly.

By having a corporate lawyer on hand, you can consult with them if you receive legal threats or are concerned about possible legal action. Consulting a lawyer before acting in a risky situation will help prevent a lawsuit.

Commercial contracts

A company needs a large number of contracts to protect its interests. Some of the contracts a business may need include:

  • Employment contract
  • Confidentiality agreements
  • Partnership agreements
  • Supplier contracts
  • Commercial real estate contracts
  • Shareholders’ agreements

Your corporate lawyer can help you draft, review, negotiate and enforce your contracts. This will ensure that each party named in the contract knows their responsibilities and the consequences of not fulfilling them.

Bankruptcy advice

If your business is crippled by debt, the best solution may be to file for bankruptcy. Contrary to popular belief, bankruptcy does not mean your business has to close. In fact, it is a legal tool that allows companies to get rid of part of their debt and reorganize to come back stronger.

The bankruptcy process must be managed in a particular way to ensure that it achieves the desired results, and you can cancel as much debt as possible. Consult with your corporate attorney throughout the process to ensure you choose the right type of bankruptcy.

Taxes

While a corporate attorney can’t help much with bookkeeping or tax filing, they can make sure your business is properly set up for taxes. Taxes and the law are closely linked, and many big business decisions have legal and tax implications. A business lawyer will help you identify decisions that may affect your taxes and help you choose the most tax-efficient options for your business.

Protect company assets

A corporate lawyer will ensure that your business assets, both physical and intangible, are protected. They do this through a combination of:

  • Protection of intellectual property
  • Preventive action against lawsuits
  • Solid contracts without ambiguity

If you receive a legal claim, you may have to pay significant settlements that will affect your business cash flow and your ability to create future assets. Another threat to your business assets is the dissolution or merger of your business. If these delicate processes are not supported by a corporate attorney, you may find your company’s assets at risk.

Employment contract

An employment contract is a contract that defines the responsibilities and expectations of an employee. It can also provide guidance on how an employee should protect sensitive information after their employment ends. A strong employment contract can reduce the likelihood of labor disputes and lawsuits that can damage your reputation and productivity.

Your corporate attorney can create employment contracts as well as employment practices, anti-discrimination training, and employee handbooks to protect your business. These will ensure that your company has hard evidence to prove that you provide an employee conduct expectation.

When employment issues arise, your corporate lawyer can help you resolve them in the following ways:

  • Consultation with HR in delicate situations
  • Conflict mediation
  • Advice on disciplinary measures
  • Consultation on termination decisions and advice on the best course of action
  • Create policies for future use

Employment issues are some of the trickiest legal issues a business will face and can result in huge fines and settlements. Once you’re ready to hire employees for your new business, hire a corporate attorney if you don’t already have one. The assistance they offer will be well worth their fees.