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7 Reasons Your Business Needs a Business Law Attorney

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Successful business owners are aware of the need for an attorney to ensure the success of their business. There are many legal aspects to running a business that requires legal documentation. Knowing your rights in the business world is never too far away when you have an attorney to help you navigate these complicated legal issues.

Typically, a business law attorney helps with the legal aspects of establishing and running a business. In most cases, an attorney must oversee a company’s legal operations to ensure compliance with all federal and state guidelines.

Importance of Having a Business Law Attorney

Depending on the individual business, it may require a lawyer for over one type of matter. These areas of law include:

1. Starting a Business

Local and state laws may apply when starting a new business. Whether you’re in startup mode, in need of some help when launching your idea, or considering changing the way your company does business, a business law attorney can guide you through these processes and ensure that you comply with federal, state, and local regulations.

2. Drafting Contracts

When you’re starting a business, it’s important to be aware of the legal responsibilities you’re assuming as the business owner. These responsibilities can range from hiring and firing decisions to negotiating and signing contracts with other businesses. A Business law attorney can help by drafting and analyzing contracts and helping with negotiations and reviews to ensure your company upholds its legal obligations.

3. Merger and Acquisition

The merger and acquisition process can be long and challenging, but it does not have to be complicated. Business law attorneys can provide invaluable insight to guide businesses through merging or acquiring another company.

4. Disputes & Breach of Contract

Businesses routinely rely on written contracts to create binding agreements between two parties. However, every now and then, disputes arise in which parties disagree on one or more contract terms. There are three main types of breaches in business law: in performance, non-performance, and repudiation. If you find yourself in this situation, it may be time to call in a lawyer.

5. Issues & Claims Management

An array of everyday issues that arise in the workplace can often land employers in hot water. Issues may include harassment claims, wrongful termination, breach of contract, employment discrimination, employer retaliation, sick leave retaliation, and more.

6. Property and Real Estate Disputes

In general, a business law attorney may be able to help with any dispute that involves property. For example, a business law attorney may help with a dispute over a building contract, co-owner agreement, easement, or leases. Some issues can arise in connection with a dissolution of a business that owns a property, a bankruptcy filing, a foreclosure, a condemnation proceeding, and more.

7. Risk Management and Compliance

A business law attorney can help a company with compliance and risk management. They can advise the company on their obligations under various federal laws and statutes, audit their compliance with those obligations, and draft or update policies and procedures to keep the company in compliance.

Contact Our Office Today!

GPS Law Group serves residents, businesses, and families in Charlotte, Gastonia, Concord, Huntersville, and surrounding communities in Mecklenburg County, Rowan County, Cabarrus County, Iredell County, and Gaston County, North Carolina. Ensure all your company operations are aboveboard by contacting our firm at 704-549-1950 and book a free consultation.