Four Reasons Your Small Business Should Hire A Lawyer On Retainer

Law Blog

If you have a small business, you might be clueless when it comes to needing an attorney and possible legal troubles you could face down the line. If you have just started your business, you might not think that you need a general practice attorney, such as the Binsky Whittle lawyers in Mississauga, on retainer. Here are four reasons why every small business should think about hiring a lawyer to be in their corner through thick and thin.

1. Backup to Grow Your Business

If your business is just starting out and is slated to grow, it is important that you put the tools in place for this to happen seamlessly. Part of this is hiring on a lawyer, much like you would an accountant or other business professional. When you have more assets to protect and more staff on hand to manage, a lawyer on retainer will be there for you if any problems arise in the future. Protect what you have built by having a lawyer you can trust from the beginning.

2. Don't Be Burdened With Unexpected Legal Fees

If you have a lawyer on retainer, you won't be hit with steep fees when you are in trouble. If you run into legal issues down the line, you will already be covered. If you have the foresight to understand that you quite possibly will need a lawyer as a part of your business model, this will never be an expense that sneaks up on you.

3. Lawyers Can Provide Other Services

Lawyers are good to have around to keep your bases covered on day-to-day business details and documentation. If understanding the fine print isn't your strong suit, having a lawyer on retainer will keep your business protected. There will be business agreements, notarizations, and other financial documents that you might want a professional in your corner to look over.

4. Prepare for the Worst

A lawyer on retainer will be ready to represent you if you are served with court papers or have been slapped with a lawsuit. You can immediately hand this over to your general practice attorney and have them get started on representing you. If you aren't prepared for a lawsuit, you'll waste precious time that you could be spending on building your case with your lawyer.

Even if your business is small, you still need to protect yourself and your business. If you can budget in a lawyer on retainer, you are making the right steps when it comes to your business's future. Don't wait until something unexpected happens to source a lawyer. Find a general practice attorney that can be there for you from the beginning.


2 July 2015

File Chapter 7, and Keep Your Home

Many people assume that when they file Chapter 7 bankruptcy, they will have to give up their homes and other property. This is not necessarily the case. I am a bankruptcy attorney, and I have helped many clients file for Chapter 7 bankruptcy without giving up homes, cars, and other property. When you file for bankruptcy, the property you are allowed to keep depends on your individual circumstances and the state where you live. Most states allow exemption for property you are currently paying for. This blog will guide you through that information and help you determine if filing Chapter 7 bankruptcy is the right choice for you.