A smart business owner knows that no matter how much time and effort is put into safeguarding the business, there is always the possibility that a legal issue may arise. In order to protect the integrity of your investment, it is important to have an attorney on hand to provide support in any number of situations.
These days, people will sue for anything and everything if they think there will be a big payout at the end. The more successful the company, the more likely they are to face the possibility of a lawsuit. But even small businesses are not immune, so no matter the size of the company, having a good attorney in place BEFORE a lawsuit is filed will provide the best protection and help to avoid them in the first place.
As soon as you hire the first employee, you open the company up to a variety of personnel issues that can arise, and the chance of problems just increases as the workforce gets bigger. Everything from hiring procedures and employee documentation to discrimination lawsuits or workers’ compensation claims can all be better handled with a qualified attorney on your side.
Preparing Legal Documents
Certain company documents that play an essential role in protecting the interests of the business as well as the owner should always be prepared by your attorney. The company can face liability issues if items such as company bylaws, employee agreements, business contracts, or privacy policies are not legally accurate.
State and Federal Compliance
As a business owner, there are certain rules and regulations that must be followed in order to remain compliant on a state and federal level. Having an attorney that is knowledgeable in local, state and federal laws that pertain to your industry can help ensure that your company avoids violations, along with penalties and fees.
There are many more reasons to use an experienced attorney in order to keep your business protected. At Churchill, Quinn, Richtman & Hamilton, Ltd, our clients range from small, family-owned businesses to large complex organizations that require a wide range of legal services. We can assist with business transactions including stock/asset purchases or sales, mergers and acquisitions, financing, succession planning and more. Contact us at 847-223-1500 to learn more about how we can help your business.
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