People often have the mistaken notion that only big businesses are in need of a lawyer. Even small ones do need a lawyer and lawyers are quite important even early on. Lawyers are not your enemies, in fact, they are your allies to keep you in-line and how to avoid getting into trouble with the law.`
New business owners usually try to cut cost by not getting a lawyer involved and simply doing things their way and not get a lawyer involved. New business owners think that only an accountant is important but that’s not right. It is very important to start right from the very beginning. In fact, it costs a lot less to avoid getting into trouble than it is to fix trouble after it has happened.
Just imagine paying your lawyer a few hundred dollars to prepare your paperwork as well as educate you and your employees on the ins and outs of business including handling your own employees. Most businesses if not all will encounter problematic employees in its operating life. Knowing how to deal with employee issues and knowing the proper procedure in letting go of an employee, or one who simply stopped working as well as employee complaints could potentially save you thousands of dollar
Lawyer fees, especially smaller law firms, are quite reasonable and are usually commensurate with the services they provide for you. Consulting with a lawyer and getting their advice and help in starting your business will give you the opportunity to build a relationship with your lawyer early on.
It may not be said nor is it obvious but deep down lawyers will be happy to see your business get bigger and bigger. Do not forget that in any business marketing is the biggest expense and it costs more to get a new customer than to retain a customer by keeping them happy. So, most service providers including lawyers will usually not mind answering simple legal questions and even giving legal advice without much fuss from a previous client. Let’s face it lawyers are also businessmen whose business is to provide you legal service and to keep you happy with the service they provide.
Some businesses are big enough to be able to afford a lawyer full-time as well as have enough legal work to need a full-time lawyer. A lot of businesses, however, even the big ones don’t always need a full-time lawyer and so they have a lawyer on retainer fee instead. A retainer fee is a payment made to the lawyer for future work, may it be for a one-time work, or a regular yearly fee.
It is not always practical to keep a lawyer on a yearly retainer’s fee if you rarely need a lawyer, however, if you are a business that requires the services of a lawyer at least once or twice a year then keeping one on retainer is a good option. Having a lawyer on retainer fee is like having the lawyer on speed dial, having a lawyer available to you in short notice of even last minute.
Lawyers have lots of connections with the business like you. Not only can they provide you with legal services through their firm, but are sometimes about to connect you to other experts in their fields for other services you may need or even business connections with their other clients.
Ultimately, a lawyer will offer you safety and protection for your business. Just imagine the peace of mind you will have in knowing that you are safe and protected and that is something that you cannot put a price tag on. Why not contact a lawyer now and protect yourself by learning about important aspects of operating your business like labor and employment, as well as overtime and wage-hour law. If you’re the employee with concerns about his employer, you may also seek help from our legal experts.