As a small business owner in Washington State, you face many decisions on a daily, weekly, monthly, and yearly basis. It’s easy to get lost in the details of day-to-day operations and lose sight of the bigger picture. Unfortunately, neglecting to focus on the future stability of your business can lead to unanticipated issues or legal disputes arising, causing you major headaches and financial challenges. There are many benefits to enlisting the guidance of a trusted Vancouver business attorney, especially when it comes to protecting your business from potential legal issues in the future. Below are just three ways that working with a business lawyer can keep your business running smoothly.
1. Selecting the Best Business Structure
Launching a new business can be an exciting endeavor. However, there are many steps you’ll need to take to set your business up for success. Selecting the business structure that best suits your needs can be somewhat confusing, especially for those unfamiliar with the available options. As you decide whether to form a sole proprietorship, limited liability company (LLC), or partnership, enlisting the help of a knowledgeable business attorney is a great way to ensure you understand the benefits and drawbacks of each option. Your attorney will work with you to assess your needs and guide you toward the business entity that best addresses your goals.
2. Putting Clear Contracts in Place to Protect Your Business
In the business world, contracts are essential. Business relationships rely on clear and effective written contracts that define the roles and responsibilities of each party. Although many business owners assume they can use generic online templates to write contracts, these documents are often overly vague and fail to protect a business from potential legal issues. When you involve a business lawyer, you can trust that they will assess your business’ needs and draft contracts that sufficiently protect your best interests. Additionally, it’s a good idea to have your attorney review any business contracts before you sign them to ensure you are not leaving you or your company vulnerable to legal issues later on.
3. Defending Your Company’s Best Interests
Many business owners do not think to work with an attorney until they find themselves facing litigation. Legal disputes can be overwhelming, stressful, and costly, as you’re forced to turn your attention away from your business to sort through this issue. As soon as possible, reach out to a skilled business attorney to discuss the situation. Your lawyer will work hard to determine the most strategic path forward so you can get back to running your business.
Call John L. Davis, PLLC, today at (360) 597-4740 to discuss your situation with a dedicated and experienced Vancouver business attorney.