Don’t Cut This Corner: Legal
If there is anything that I learned from Elle Woods, it’s this: learning the law is a lot of work. With a little bit of patience and a LOT of YouTube, you can DIY a lot of things in life, but no matter how handy or smart you are, you really should outsource the legal stuff (learned that lesson the hard way).
You probably think lawyers are only for the big wigs. For the businesses that make a ton of money and can afford to throw around threats like, “you'll be hearing from my attorney!” but seriously, even a small business needs the expertise of a legal professional. Here are a few areas that an attorney can help your small business:
Contracts
Forming a legal entity
Lawsuits against your business
Tax liability
Employment issues
Mergers and acquisitions
Intellectual property
Bankruptcy
When you cultivate a relationship with an attorney, you get reasonable, seasoned advice. Because they have an opportunity to get to know you over time, they can help you decide exactly when they need to step in, and what areas you just require a few minutes of advice, which saves you a LOT of time and money in the long term.
Have you made the mistake I did, and skipped legal counsel in the name of saving money (personally or professionally)? Know a good lawyer for small business? Let us know in the comments below!
