Most people only consider hiring a lawyer after they get into trouble. As an astute entrepreneur, however, you know that proactive action always beats reaction. Choose to work with an attorney from the very start of your business journey, and you’ll have a much better shot at success. As a matter of fact, there are a few pressing needs on your plate right now that would best be taken care of by an experienced Houston lawyer.
Contracts
Being in business means getting into contracts often; with employees, customers, suppliers, and other parties. You want to make sure you’re not committing yourself to arrangements that could come back to bite you down the road. And because your job is to run the business — as opposed to memorizing the rules — it only makes sense to have an attorney by your side.
A good Houston lawyer will not only help you negotiate the best possible terms, but also ensure the contract documents are drafted and executed properly. No need to worry about jeopardizing your company’s future when you have this kind of support.
Compliance
Are you aware of all the laws your business is expected to adhere to? Both federal and local authorities have their own regulations, with varying requirements for firms in different industries. Once again, you probably don’t have the time to research all these laws and figure out how to put your company in the clear.
Why not just leave the headache to your attorney? From setting up the business, to hiring employees, to transacting across state lines, your lawyer will make sure everything you do is fully compliant with the relevant laws.
Financing
Chances are you’re looking to obtain capital from outside sources; either by applying for business loans or selling equity to investors. No matter which route you’re considering, a lawyer can help you present a compelling case, consequently increasing your chances of success.
Most importantly, though, your attorney will ensure you’re not exposing yourself to potential liability when sourcing outside capital. There’re lots of ‘wolves’ out there looking to take advantage of green entrepreneurs, you know. Only an experienced business lawyer can make sure your firm’s bottom line is adequately protected.
Taxes are yet another area where you could use an expert’s support. Your lawyer will not only ensure you’re paying all your dues properly, but help you take advantage of tax breaks too. Also feel free to seek their advice when separating your business and personal finances.
Dispute Resolution
What do you think will happen when an employee, customer, or supplier comes after you? Will you be able to smooth things out by yourself? It’s fair to say you could use a sober mind to at least supervise interactions between you and the disgruntled party.
A lawyer’s representation could spell the difference between amicable resolution and getting embroiled in an unending mudfight. In the worst-case-scenario, your lawyer will be ready to defend your rights in court should the other party seek legal action. Not to forget that a great many disputes can be prevented by tying up loose ends and streamlining things upfront — a good reason to engage a lawyer from the get-go.
