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Some business owners are hesitant to hire legal help. They often believe that hiring a business lawyer is a luxury, or they assume they can attend to their legal work themselves. While certain legal work can be done internally, serious business owners will want to hire a professional attorney to take care of the majority of their legal needs. In the long run, hiring a lawyer can ultimately save business owners both time and money, and it can protect their businesses from theft and defamation. Here are a few of the many reasons you should consider hiring attorneys in Baytown, TX, to work with your company. Protect Your Intellectual Property Your company branding including products and logos needs to be registered for federal trademark and copyright protection. If you fail to take these measures, then your company will be vulnerable to copyright infringement and intellectual property theft. You should look for a lawyer who specializes in intellectual property or who works closely with an intellectual property specialist to ensure your patents and trademarks are honored. Draft Contracts All companies need binding contracts. Even if you don’t require contracts from your clients, you should require them from every employee upon hiring. A lawyer can help your company to draft non-disclosure agreements, non-compete agreements, and basic hiring contracts that will protect you if an employee leaves the company or fails to safeguard private company information and trade secrets. Handle Your Real Estate Whether you’re buying a new building to start your business or if you’re signing a lease, you’ll want to run the agreements past your lawyer. Leases for commercial spaces are generally complicated documents, and they’re written in favor of the landlord. You’ll want a lawyer who can read through the lease and determine which portions are not in your interest. The lawyer can then assist you in negotiating changes and adding extra benefits for you and your company. Register for Taxes and Licenses Though accountants will take care of filing your taxes each year, a lawyer can help you to receive the proper registration for federal and state tax identification. Lawyers can also help you to understand tax outcomes of basic business transactions. Bring on Partners If you ever decide to bring on a partner, you’ll want to protect both of you through the proper partnership agreements. These agreements should outline expectations for both parties and detail what will happen if one partner decides to eventually leave the company. Create an Exit Strategy Many business owners obtain the proper documentation to form their companies, but they don’t prepare for the possibility of one day leaving that company. Selling a partnership, sole proprietorship, or corporation can require complicated maneuvering through many layers of tax and legal obstacles. An attorney can help you through the complex process of selling your business and ensure that the results are managed in your favor. Resolve Disputes Lawyers can help protect you against any legal disputes brought against your company. It’s best to have a lawyer before these disputes arise so that you’re prepared to handle them. Whether they’re protecting your copyrights or resolving internal disputes with employees, good lawyers are valuable and necessary assets during these times. Whether your business is big or small, it’s in your best interest to find attorneys in Baytown, TX, who can protect you. Every company will be faced with legal requirements and potential legal disputes at some point, especially as the company grows. To prepare yourself now and in the future, it’s to your advantage to hire a lawyer who can protect you and your company.
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