How Can an Attorney Benefit My Business?
The formula for profit is simple: revenue must be greater than expenses. Successful business owners know this, which is why they hire reputable accounting firms. But accountants are not the only professionals who can benefit your business. A good business attorney can help you save and earn money.
Growth and OpportunityThe goal of any business is growth. An attorney can help organize your company in a way that will protect your assets and decrease your tax liability. Once your business is established, you may consider outsourcing services or purchasing real estate. Any growth opportunity will require a contract. If you're going to sign a contract before it is read by an attorney, you may want to reconsider. A thorough contract review by an attorney can reveal pitfalls and help avoid future liabilities. Better yet, ask the attorney to be involved in the negotiations. The intimidation factor alone may save you money.
Decrease LiabilityIf you are being sued, it's too late. California is not a business-friendly state and it places the burden of compliance on the employer. An experienced employment law attorney can help you navigate through the complex and ever-changing minefield of labor law. Remember, wrongful comes before the termination (that's not just a play on words). If there is a question about whether you can terminate an employee, don't post the pink slip until you talk to an attorney.