Commercial businesses deal with many transactions daily. Between juggling your daily activities and reviewing employee agreements, slip-ups can occur. But some errors, be it of omission—or commission—might land you in trouble. Certain mistakes can prove costly and force you out of business or tarnish your reputation. Only a commercial lawyer from Gallian Defense Firm can help. In fact, we’ll even go as far as suggesting that had you hired one earlier, you probably wouldn’t be in that position in the first place.
Of course, you should be only hiring a good team like Brazeau Seller Law to cover your needs.
Are you sceptical about hiring a commercial lawyer? Granted, a commercial lawyer—or any lawyer for that matter—won’t come cheap. But you need one. Keep reading as we unpack some of the key reasons why you need to look for one sooner rather than later. Lucky for you, when it comes to commercial lawyers and other cities usually have plenty of options.
Benefits of a Commercial Lawyer
The main reasons why you need a commercial are best explained by outlining the benefits.
Help You Set Up Your Business the Right Way
Starting out in business is more than simply having capital and an award-winning business strategy. There are legal processes you must follow.
What kind of business do you want to start? Do you want to register as a partnership, sole-trader or corporation? Different forms of businesses require different tax structures which you may not be aware of.
Commercial lawyers will help you set up your business the right way. They’ll guide you with all you need to know regarding:
- Tax registration.
- Getting the right business operating license. Do you need a retail, bakery or alcohol license?
- Drawing up non-disclosure agreements with your suppliers, employees or financial institutions.
Help You Dissolve the Business the Right Way
On the other hand, commercial lawyers will also help you dissolve your business the right way when necessary. Dissolving a company is undoubtedly a stressful time for any business owner. It’s easy to overlook certain legal aspects on your own.
But why fret about the legal stuff? That’s where commercial lawyers come in by helping you:
- Follow the correct dissolution process and handle the legal paperwork.
- File the Certificate of Dissolution with the state.
- File tax forms with relevant authorities.
- Help you distribute remaining assets fairly.
Do you think you can do that all on your own?
Draw up Contracts
Signing contracts is the order of the day in many businesses. But as you’re probably aware it’s really not that simple. Contracts are filled with legal jargon that the layman may not fully comprehend. And before signing on the dotted line, it’s advisable to have a lawyer look it up before you unknowingly commit to selling a huge chunk of your company!
Aside from giving you legal advice regarding your contracts, commercial lawyers can also:
- Draw up and review contracts for you such as employee, clients and lease agreements.
- Negotiate contracts for you with other parties so that the Ts & Cs are suitable or favourable for you.
- Ensure that due diligence standards are met.
Help You Settle Business Disputes
During the course of running your business, you’re bound to encounter disagreements either with employees, customers or suppliers to mention a few examples. In extreme cases these disputes may warrant litigation. Examples of such cases include:
- Project management disputes.
- Fraud cases.
- Trademark infringements or copyright issues.
- Breach of contracts.
Commercial lawyers can help you settle business disputes and avoid litigation. If out of court settlements are unlikely and you have to proceed with litigation, they’ll help you through that.
Ensure That You’re Complying with Safety Regulations
Worker safety is not to be taken lightly in organizations. That’s why the relevant authorities impose a set of safety regulations that govern how businesses operate. A few of these include:
- Immediately reporting accidents that occur in the workplace.
- Ensuring that workers undergo the necessary training where necessary and have the proof of training such as a certificate.
- Ensuring that employees have the correct safety gear.
By having a commercial lawyer on your retainer, you’re always in a state of compliance and will be able to avoid lawsuits.
Protect Your Business Assets
A prudent business owner takes the necessary steps to ensure that his or her assets are protected always. You need to safeguard your wealth from instances such as:
- Creditor claims
Commercial lawyers will draw up a plan for you to ensure that your business assets are protected either by your family, unit trusts, wills or Power of Attorneys.
By now you should be wondering why you don’t have a commercial lawyer in your corner. Lawyers are clearly invaluable in any business. They don’t only handle your legal requirements, but they also help you fully understand and comprehend the law so you can make wise decisions.
Lawyers will enlighten you regarding your rights in any legal situation and give you different perspectives so that you take the correct action plan. This way you avoid making decisions that are motivated by fear, obligation or ignorance but rather by reason and rationale while aware of the full implications.
In short, commercial lawyers are there to protect you and your interests. Use them.