Deciding to seek the help of a business attorney is like choosing when to receive the counsel of a doctor. It’s not all the time that you really need to see a doctor. A little cold or a low grade fever can be dealt with at home. But an intense and recurring pain is something that you will need to have checked by a physician. In the same way, with regards to business, there are situations in which you will need the counsel of a corporate attorney in California, as well as times that you will have to deal with it on your own.
In order to cut company expenses, you need to know how to identify circumstances which require the assistance of a corporate lawyer and instances that don’t. Read through this article to learn when business attorneys are needed and when are they not.
Situations In Which You Will Need A Corporate Lawyer in OC
Here are a few of the scenarios which you will need the assistance of a business lawyer:
- In a partnership agreement of LLC, you and your business associates decide to make special allocations of your profits and losses. Cases like these can be very tricky, so the expertise of a competent tax lawyer is needed.
- You, along with your business associates, have decided to contribute appreciated property to an LCC or to a partnership.
- A major environmental issue arises when you buy a certain company. This requires the help of a business lawyer, because environmental protection laws have strict rules and painful penalties for landowners, and there are many cases wherein landowners are sued, even when they are not the ones who have caused the contaminations.
- A sexual harassment or discrimination case is raised against your business.
These are a few of the many areas wherein the counsel of a business lawyer is needed. If a mistake is made in these situations, you will end up spending more than you should have to in fixing the problem. The challenge, though, is to find a good and competent corporate attorney in California who can actually deal with these legal issues effectively.
Situations In Which You Do Not Need A Corporate Attorney in California
The following are scenarios wherein the counsel of a corporate lawyer is helpful, but not necessary. If you want to cut costs, it is alright to not have a business attorney attend to you in these cases.
- Researching a reserving a trade name for your company
- Purchasing a domain name for your company website
- Interviewing and hiring your employees
- Documenting LCC meetings and actions
- Call and hold business meetings
- Handling IRS audits
This post was written by BusinessAttorney