Small business owners should constantly keep asking themselves on a weekly or monthly basis whether whatever they’re doing needs the professional guidance of a lawyer. With the thought of a lawyer comes the exorbitant rates charged by them. The majority of small business owners are worried about the sky-high rates charged by business attorneys. This thought makes them cringe at the question of hiring them. 

There are expert business lawyers like Andrew Mongelluzzi Learn More who can walk you through the complex business laws that a layman hardly understands. Keep reading to know when it is okay to get help from a lawyer. 

Business matters that can be handled on your own

There are certain matters that you may face while running, creating, closing, or selling your company, that don’t need the interference of a legal professional. Here is a list of tasks that business owners can take care of without expert help.

• Designing a business plan
• Applying for EIN (Employer Identification Number
• Choosing an appropriate name for your business
• Booking a domain name for your business
• Hiring employees and interviewing them
• Applying for permits and licenses
• Submitting IRS forms
• Appointing independent contractors 
• Planning and executing LLC meetings and
• Tackling audits initiated by IRS

This list doesn’t include all businesses but there are certain businesses that might need the help of an attorney even while doing the above-listed tasks. This entirely depends on the circumstances a business is going through. 

Issues when hiring a business lawyer is beneficial

Whenever a business faces complicated and time-consuming issues, this could result in potential liability. Hence, it is best to hire a business law attorney. Here is a list of such situations:

• When there are current or former employees who sue you on the basis of discrimination during firing or hiring.
• When you are designing contracts for clients, customers, suppliers, and other business partners
• When you create a legal partnership agreement like an LLC, a shareholder’s agreement, or an operating agreement
• When you design an agreement between a buyer and seller
• When there is an environmental issue and your business gets involved in it all of a sudden
• When you negotiate for the sale of a company or for the acquisition of one more company 

Business lawyers can prevent matters before they occur

In order to help you through the issues mentioned above, you should definitely contact a business lawyer. Nevertheless, your main goal should be to prevent all sorts of legal issues from occuring. Though you might not always require the legal assistance of a lawyer to resolve all issues, an experienced and knowledgeable lawyer always plays a key role in protecting a business. It is crucial to be able to prevent legal matters from happening before things get worse. 

Therefore, now that you know when to seek the help of a business lawyer, you shouldn’t hesitate to hire a lawyer. He should be reliable and have your best interests in mind.