As an entrepreneur or other business professional, you may need legal counsel to set yourself up for success and comply with the law. From establishing your formal business structure to negotiating agreements and much more, a New York business lawyer is well-positioned to assist new and experienced business owners. A few of the specific matters an attorney can help with include:
Advising you on the appropriate structure for new businesses
Solving disputes about products liability or breach of contract
Resolving conflicts involving intellectual property rights
Corporate governance and compliance issues
A legal professional’s knowledge and skills can save you time and money in the long run, because they know how to take preventative actions that will shield your business from unintended liability of adversarial proceedings. For example, by strategically drafting contracts or selecting the right business structure, a business lawyer can help you preserve assets by avoiding certain lawsuits that may arise from a contract or tax liability that may result from selecting the wrong business structure.
Roles and Responsibilities of a New York Business Attorney
Many people often have the misconception that they only need legal help if a contentious dispute arises.
However, a New York business lawyer can help with many other matters as well, especially related to business operations. Attorneys can provide valuable guidance on the following matters:
Starting a business
Drafting and negotiating contracts
Resolving business issues and disputes
Starting A Business
Starting a business can be complex, and it may be difficult to determine whether you should establish your business as a limited liability company (LLC), S corporation, or other business type.
The wrong business type can give rise to costly problems down the road, especially relating to taxes and liability. As such, even before you form your business, you should consult with a legal professional.
Contracts are legally binding documents, so those without legal experience should generally never attempt to draft them on their own. It is important to have proper legal knowledge to understand a contract’s terms, as well as identify whether someone has breached the agreement.
A business lawyer in New York can help you draft contracts for your business and take legal action if a party breaches its terms. They can also deal with all the required communication with the breaching party.
Resolving Business Issues and Disputes
Running a business is not as easy as it may sound, and it requires a lot of determination and effort to properly execute. However, even the most-prepared businesses can fail or face serious problems, such as those relating to discrimination, workplace safety, or sexual harassment.
These are issues that can harm the reputation of the company and its leadership. A New York business lawyer can help you and your organization resolve issues related to these matters.
Risk is an inherent part of business. A New York business attorney can help you draft an appropriate risk management plan that serves as a roadmap for monitoring and minimizing risk. They can advise you on which steps to take and when, ensuring your business complies with all relevant laws and regulations.
What Are The Benefits of Hiring an Experienced NYC Business Lawyer?
A business lawyer will understand the legal implications of selecting a particular business structure, the legal prerequisites to business formation, and how a business should operate thereafter in order to comply with state and federal laws.
Even a single and seemingly minor mistake can harm your business and negatively affect the reputation of your organization. Lawyers are aware of how the law relates to your organization and can give you sound legal guidance in order to prevent issues before they occur.
From drafting contracts to handling disputes and negotiating with clients and vendors, an attorney can help you navigate the legal complexities involved in operating a business effectively. As individuals who are well versed in New York corporate law, they can help you run your business as effectively as possible.
Prevent You Costly Mistakes
Your legal counsel can ensure that you do not make costly mistakes in the process of operating your business, especially when it comes to decisions that may seem minor but can affect you greatly in the future. They can oversee certain business operations and provide advice for making adjustments as needed.
How to Find the Right New York City Business Lawyer
Retaining an attorney can be highly beneficial for your company over the long term. Follow these tips to help you find one that is the right fit for your business.
Get referrals from any friends and family members who may have been in a similar situation.
Conduct research. Be sure to conduct a background check and read the lawyer’s reviews.
Look at local bar associations and groups. Ensure the person is truly certified in the organizations they claim to be.
Don’t hesitate to ask the lawyer directly about what you would like to know. Inquire about their experience, fee structure, previous cases, and success rates. In case of any unique legal concern, be sure to ask them whether they have handled similar cases.
Join online forums or communities to connect with entrepreneurs and get an understanding of varying opinions on different business matters.
Ultimately, corporate law is a complex field. As such, if you have any questions about your company’s compliance with the law or need help with a legal dispute, a New York corporate lawyer can help.
Need Legal Help? Contact A New York Business Lawyer Today.
The legal team at The Hollywood Lawyer knows what actions a business needs to undertake in order to comply with New York corporate law. The staff is dedicated, experienced, and highly efficient when it comes to helping you launch your business or get your legal matter resolved. Schedule a free case consultation to see if we can help!