Having trouble with your tax returns? Or maybe, a legal document required by the local council needs to be furnished at once? Why not hire a business attorney? A lawyer who is well-adept with the ins and outs of business law, from commercial to tax, is a straight out solution to any business owner’s legal nightmares.
To find a business attorney in Salt Lake City, a short browse through legal ads, local phone directories, or an online search can produce a desired result. But what do business attorneys really do? How can they help you drive your business to success?
The Cases Business Attorneys Handle
Business attorneys are the experts when it comes to how a business operates, compliance and regulation-wise. They help in the birth of a business, solving disputes, and even the sale of companies. Normally, the cases they handle are:
1. Business disputes occurring from areas like ownership issues, errant business deals, or problems involving unfair competition;
2. Conflicts emanating from the sale or the purchase of securities;
3. Property issues wherein a business holds interest;
4. Compliance cases originating from local, state, or federal laws and regulations that affect business operations;
5. Copyright issues such as illegal use of protected business assets, data, and information;
6. Issues governed by international law like the importation or exportation of goods and services.
Business attorneys work for many types of individuals and entities. They represent owners filing for incorporation, people making claims against big companies, or companies fighting against unfair mergers or market entry.
The Guidance That Business Attorneys Do
While it is true that attorneys help business owners draft and file documents or represent them in court, they are also key in making businesses run smoothly. Starting a business requires great legal support. Maintaining a position in the market needs legal experts that handle regulatory requirements.
Shutting down a business also demands legal support, such as divesting or transferring assets. One key job of a business attorney is to assist in corporate governance.
A business, after incorporation, may find it easy to neglect its corporate duties, particularly, maintaining corporate status. Incorporation mandates a business to hold annual shareholder meetings, the election of officers, and so forth as per state law.
Failing such duty could endanger their corporate status that may end up in a lawsuit against company officers. Business attorneys ensure this does not happen; and if such happens, they are called upon.
Another important task of business attorneys is to ensure the validity and protection of employment agreements. Many companies nowadays are so focused on competition to the point that they neglect their most important asset.
Possibly to preserve their “more” important assets (e.g., trademark, copyrighted assets) or just plainly being less concerned with the welfare of their workers, they make non-disclosure and non-compete agreements. A business attorney sides with the workers as the protector of their labor rights.
The business world is a jungle of issues and problems too. It is not only market participants fighting to get the market’s biggest share or obtaining the cheapest good. There are legal battles too. To correct corporate mistakes or avoid them from arising, business attorneys are called for advice.