When you hear the term “business lawyer,” you might picture someone charging astronomical rates to close billion-dollar mergers.
But in reality, every business – whether it’s a massive Fortune 500 company or a small, family-owned operation – could benefit from working with a business lawyer.
Here are a few ways hiring a Bucks County business lawyer can help you and your company thrive:
1. You’ll be confident you’re following employment laws
A business lawyer can help you make sure you’ve followed all state and federal employment laws when hiring – or firing – employees and independent contractors. Classifying one of these workers incorrectly can lead to penalties from the government.
2. A business lawyer can help you find the right structure for your business
Finding the proper entity for your company is important. Are you a partnership? A limited liability company (otherwise known as an LLC)?
The structure you choose can affect your exposure to liability and how much you pay in taxes and the way you pay them. A Bucks County business lawyer can work with you to determine which designation will work best for your organization.
3. You’ll be better prepared for business transactions
It’s time to put the finishing touches on a critical deal. The other party has brought their own attorney, and suddenly, you realize they seem a lot more confident than you feel.
Having a business lawyer by your side will give you that same level of confidence. You’ll go into meetings like those knowing that you understand the terms of the deal, with a skilled negotiator at your side.
4. A business lawyer can help with online retail
In addition, a business lawyer can help you when:
- You’re trying to acquire another business
- You’ve decided to sell your company
- You’re facing litigation from current or former employees who accuse you of discrimination or fostering a hostile work environment
- Your business is involved in an environmental issue, or is the target of a state, local, or federal government complaint or investigation
In any of these cases, the Bucks County business lawyers at Benner and Wild can help.
Are you establishing or buying a new company or selling an existing business? Our attorneys understand the exhaustive level of care you need to take before carrying out the kind of transaction. Our team has an outstanding grasp on the issues business owners face in these situations.
We can also guide you when it comes to crafting shareholder agreements for corporations, operating agreements for LLCs and partnership agreements for limited and general business partnerships.
These agreements are essential to the well-ordered transition of control of businesses and to provide appropriate buyout terms in the case of a dispute.
Lastly, we work with our business clients to find creative solutions to issues stemming from internal conflicts and believe in tackling these problems head-on.
Contact us today to learn more about hiring a Bucks County business lawyer. We look forward to becoming a part of your team.