You should never wait to hire a lawyer as a business. Lawyers are not just outside staff that you hire when you are in series trouble. While you can make sure that you have a criminal defense lawyer lined up for your business, that is not the type of lawyer being discussed in this article. Every business needs a lawyer who really knows business law, and they should be part of the outside staff from day one of the business.
There are a large number of things that you will want a lawyer to look over as you get started. Some of these are things that you might not have thought of as being part of their realm, but if they are not set up appropriately the company could be sued and get in a lot of trouble. If they have helped a number of businesses over the years you may just want to listen to their advice on some topics anyway because they probably know structures and protocols that have helped make nobody companies into great companies. The lawyer you hire needs to be localized as well, so that you know they know the laws in your state. If you do business in Phoenix you will need a Phoenix, Arizona lawyer .
Some areas of expertise for business lawyers include the structure of the business, deciding on the policy on receiving money from outside sources, developing a hiring process , writing up a contract template which can be used for all future people you hire. There are other things that fall in their realm as well. If you don’t know what all you want them to help on, talk with them about what they usually do for their business clients. Talk it out with your business partners if you need their input before moving forward, and then let the lawyer know what areas you will be focusing. Remember that he is going to bring the legal perspective on these things.
There is another time when you will need a lawyer and that is when there is some kind of new business deal going on. Either a merger , or opening up a new branch. When dealing with opening a new branch in a different area you will want to be careful of the lawyer you hire. You need one that knows the area you are opening into and one that knows the area of the parent company. This will protect you on both fronts. There is a difference between states and sometimes even cities when it comes to business law, Denver and Boulder although close, will have different laws governing the companies.