One of the most frustrating things about starting a business is the incredible amounts of red tape that you have to get through. From the litany of “small things” that you can technically handle to the much more stressful and complex topics that can be almost impossible to work out on your own, it is no wonder why so few entrepreneurs manage to successfully open and run their business past the first 2 years.
One of the ways much of this can potentially be mitigated is by hiring a business lawyer. But do you need one? No matter how you slice it, lawyers and attorneys are expensive, and if you’re just getting started, putting money towards an attorney can seem downright foolish.
Below, we’re going to go over some of the important uses a business lawyer offers as well as some of the things you can potentially do on your own without legal assistance. That way, in the end, you can decide if it’s worth your time or if you’re better off on your own.
What Things Can I Do Myself?
While it may feel like a business lawyer is essential at certain times, that isn’t necessarily true. There are many things you can do either on your own or with a business advisor. Here is a list of some of the different things you can save money on by just doing yourself:
- Creating A Business Plan
- Picking A Name For Your Business
- Establishing A Domain Name Online
- Filing Out An LLC
- Applying For An Employer Identification Number (For Employee Tax Purposes)
- Applying For Licenses Or Business Permits
- Sending Out Any IRS Documents
- Hiring Employees & Staff
- Contracting With Vendors & Independent Contractors
Certainly, these are only a trace few different options to give you an idea of what to look out for. If you have any additional questions, speaking to a business attorney or business advisor to set you straight on what other options you have may be a good idea.
What Would You Need A Business Attorney For?
While there is certainly a fair portion of things you can do on your own, there are also a number of things that are potentially too complicated for you to attempt to do, too time-consuming to do, or too easy to result in putting yourself out for liability. Several examples include the following:
- Litigation With A Former Employee
- Handling Government Complaints Due To Legal Violations
- Negotiating The Sale Or Acquisition Of A Company Or Its Assets
The point here is that, when it comes to running a business, a business lawyer is meant to make the process less stressful than it already is. This can range from expediting tasks that you already are capable of completing or handling any type of litigation filed against you or business merger, sale, or acquisition you may have set up.
To learn more about business law and whether you may need a legal attorney, be sure to visit Enara Law (www.enaralaw.com) or visit them if you are in the Arizona area. There, they have two branch locations you can go to meet a business attorney. Scottsdale and Phoenix. They also have a third branch in Washington DC. While each branch is exceptionally helpful, the business attorney Scottsdale provide, I’ve found, are particularly skilled, with high reviews and testimonies for all types of cases.