For anyone thinking of starting their own small business, the decision to invest in guidance from a corporate lawyer is always a wise one.
Starting a small business can be an exciting time of potential opportunity, and you may have many great ideas for making it a success. However, there are pitfalls those new to the world of business can fall into when attempting to navigate business ownership alone, some of which can be detrimental to your business journey as a whole.
Here are 6 important reasons why it’s so beneficial to consult with corporate lawyers in Edmonton when starting a small business:
1. Legal advice and guidance
You may come across a range of legal issues when starting a small business, such as business formation, contract law, employment law, and many others. Having expert guidance from a corporate lawyer can help you avoid legal disputes and keep your interests protected.
2. Drafting and reviewing contracts
While there are online resources for writing contracts, trusting that these are appropriate for every business scenario is dangerous. Templates are all well and good, but if they contain clauses that are not applicable to your situation or laws that aren’t relevant to your province or country, they may end up costing you dearly in terms of legal fees.
Even if you do decide to use an online template for creating contracts, it’s best to have a corporate lawyer review them to ensure they’re accurate and best suited to your situation and needs.
3. Intellectual property protection
It’s important to be able to protect your brand and your logo, as well as other intellectual property, and a corporate lawyer can help you prepare and file all relevant paperwork for patents, copyrights, or trademarks. They can also help you put policies and procedures in place for protecting all of the company’s intellectual property from being stolen or misused.
4. Taking care of disputes and lawsuits
With their experience and legal expertise, corporate lawyers can help you settle legal disputes or even represent you in court where necessary. They can also handle complex cases with ease and build you a robust defense should legal action be taken against your company.
5. Being local and federal law-compliant
Complying with local and federal laws isn’t always straightforward, but corporate attorneys know them inside and out and can help ensure that you comply with them at all times.
6. Adding partners
With as many as 60% of business partnerships failing, advice and guidance from a corporate lawyer could help your business partnership be among the percentage that is successful. From partner selection through to the creation of a formal partnership agreement, having a small business lawyer in Edmonton to guide you can prove invaluable where business partnerships are concerned.
The best way to ensure that your new business venture stands a strong chance of survival is to work with a corporate lawyer right from the outset. Legal issues can quickly bring a small business down, but for the sake of a relatively small investment, you can help ensure that your business runs smoothly and all your legal aspects are in order.
