As a new business owner, you are making a number of key decisions about your small business. When to hire a small business lawyer is one of them. 

Some people may tell you that you do not need a small business lawyer; that this is a non-essential startup expense. But that is certainly not the case. Here is why.

5 reasons you need a small business lawyer as a new business owner 

1. To avoid common, and costly mistakes 

As a new small business owner, it is easy to make mistakes. While you can often learn from these situations, they can cost you a lot of money and time. In some cases, your business may not overcome these mistakes. 

A small business lawyer is familiar with circumstances that you may have never been exposed to. They know the common mistakes and how to avoid them. Therefore, with your small business lawyer’s advice, you can jump over these hurdles, saving the time and money you may have lost. 

If you do find that you have made a mistake, your small business lawyer will know how to resolve it in the smoothest and least expensive way, allowing you to get back on track. 

2. To examine your business needs and structure 

One of the most important things you will do in this stage of your business is decide its needs and structure. Set up your structure the wrong way and it could be detrimental to your company. Your small business lawyer will know how to assess your business’ needs and establish a structure that supports them, setting you up for success. 

3. To help draft documents and forms to protect your assets and intellectual property

As a small business, it is vital that you protect your assets and intellectual property. Without a lawyer, however, you may not know how to do so. Therefore, you may not put the proper protections in place, leaving your company vulnerable to theft. You may not even know that you are unprotected until you find your assets or intellectual property gone before it is too late.

4. To minimize your risk as an employer 

Being an employer can be stressful. Make the wrong call and you have left yourself and your business open to a lawsuit. When you work with a small business lawyer, you can mitigate that risk. Your lawyer will be able to advise you in various situations and will draw up the contracts you need for your employees, as well as your clients and partners.

The most important reason to have a small business lawyer as a new small business owner… 

When you are a new business owner, you need someone on your side. That person needs to be knowledgeable about business and care about your success. As small business lawyers, we are here to help you and your small business succeed.

Not a new small business owner yet, but thinking of becoming one? Make sure you consult with these 5 professionals