As a small business owner, you are probably used to regularly getting lots of things done yourself with little help. In the beginning, there are plenty of jobs that you can do yourself without the help of a lawyer, such as getting confirmed as a Limited Company.
However, consulting a lawyer should not be something you do simply if an emergency strikes. For small businesses and start-ups keeping running costs to an absolute minimum is often a priority, but you should consider money spent on legal help to be a necessary investment in your company’s future.
We’ve outlined some of the ways your small business will benefit from having a lawyer on hand from the start.
A lawyer can guide you through the processes required to make sure that your business, employees and assets are kept safe. Whether that involves submitting applications for patents or trademarks or drawing up agreements for things such as creative ownership.
Trying to submit such applications or draft up contracts and documentation yourself can be very complicated and time consuming, so check with a lawyer to help you get it right.
Each industry has its own relevant set of rules and regulations, and a consulting a lawyer is the best way to ensure that your business stays compliant within your industry.
A lawyer who specialises in both business and your area of business in particular is a worthwhile investment, as they will be able to provide advice on current structures and laws within your industry, and on how these might affect your business.
Prevention is key, and so consulting a lawyer before you put anything into place is always more cost effective than having to hire one because of a mistake.
As your business grows, there will be a whole range of situations where you need to consult a lawyer so you should not leave it to the last minute. Having one on hand from the beginning will set you off on the right foot.
If you are worried about having to hire a lawyer, or about the potential monthly costs of working with a consultant, then don’t panic. As the legal landscape has transformed, so has the way that lawyers work. You can now get flexible legal consultancy that will fit the needs of your business and offer a more flexible and affordable way of working.