Whether your business is still new and tiny or already established and expanding, you need to be prepared for legal issues before they happen.
Having one of those competent business lawyers in Townsville on retainer saves you from having to scramble for one when the need arises. Here are three top benefits having an attorney on retainer give you.
Legal Guidance During Structuring Phase
During the initial stages of your business, one of the things you need to do is decide whether you’ll be running the business as a sole proprietorship or an LLC. Other options include partnership, corporation and not-for-profit. Your business attorney can provide the guidance you need to make the right choice and help with preparing the necessary documents.
Advice on How to Handle Disgruntled Staff
If you possess the right leadership skills, then chances are that you’ll have minimal problems with your employees. Still, it’s smart to anticipate and prepare for any issues that may arise. A disgruntled employee can file a lawsuit for a variety of reasons, including hostile working conditions or personal injury. Having an attorney on retainer helps you move swiftly and triumph.
Deal with Breach of Contract
As an entrepreneur, you’ll negotiate and execute numerous contracts along the way. Negotiating contract terms can be a highly rigorous process, and it’s a huge relief when both parties can agree on terms they believe to be good for everyone. Still, you need to know that contractors and suppliers may not live up to their word, especially when it comes to quality and deadlines. Your attorney can promptly step in when that happens and help solve things.
There are, of course, many more benefits of looking for and retaining a competent attorney for your business. Ultimately, the idea is to have someone you can count on before troubles begin so you increase your chances of prevailing in whatever legal difficulty you encounter.