Why does your small business needs a lawyer ?

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Presentation transcript:

Why does your small business needs a lawyer ?

Starting a business can be overwhelming. With all your attention to the financial and production details, owner of small business more often than not tend to forget the legalities. There are so many aspects of a business that need legal attention. Small businesses are all about the volume of work and lack of time.

Let’s have a look at all the segments that make a business require legal assistance :

Structure of a company: Devising a framework in mind about creating a business, is easy. Materializing those thoughts, ideas, and creativity into a reality can be a daunting process. Structuring a business involves having to take care of the taxes, money being paid, follow the rules and regulation regarding setting up a business in the particular state or country. Getting an attorney, who has the idea of your business will prevent you from being on the receiving end of a legal battle.

Intellectual Property: So you are all set to launch a revolutionary product in the market, that you think is unheard of by the world. But is it? And if it is an invention that you aim at benefiting from through commercialization, did you get theta product protection under intellectual property right either by a patent, copyright, trademark. Are the confidential information regarding your business operation protected legally? An attorney will guide you through the protection of intellectual property proceedings.

Drawing up legal documents: You would need an attorney to draft contracts in the occurrence of any of the stakeholder to leave the organization, non-disclosure agreements to protect trade secrets, employment agreement. You can’t let these legal entanglements stop your business from operating smoothly.

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