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4 Occasions When You Can Consider Business Transaction Law Services

by Marilyn Olson

If you own a business or plan to start one, business transaction law services can be of great help. There are many legal details that can cost your company if not handled correctly. Uncertainties and isolated issues can arise. You'd need a business law expert to protect you from liability and other adverse legal consequences.

Here are four occasions when you'd need a business transaction lawyer.

When You Want to Start a New Business

If you want to start a new business, you can benefit immensely from business transaction law services. An expert can help ensure that your business operates in line with the relevant federal and state laws.

They can also offer guidance to assist choose a suitable business structure to avoid unnecessary legal issues down the road. More significantly, a business law expert can help protect and preserve your intellectual property.

Document Preparation

Before you start a business, you need several fundamental legal documents. These include a business plan, LLC operating agreement, terms of service, employee handbook, and non-disclosure agreement contracts. You need an experienced transaction lawyer to help you draft these documents. 

If you want to lease or buy a building for your company, you also need business transaction law services. A lawyer can help you prepare essential documents for the purchase of business assets and ensure the entire process runs smoothly. 

When Hiring Employees

A business transaction lawyer can assist you if you have a wide range of employment-related issues. A business law expert can help you understand your obligations as an employer with regards to environmental conservation and employee safety. 

A business transaction lawyer can benefit you in many other situations like:

  • When you want a legal professional for collective bargaining negotiations.
  • When you want to lay off several workers or change the current pension plan.
  • When an employee files a complaint against your company.

Besides employer-employee disputes, a business law expert can assist you with many other legal issues that you might not think of. Be sure to consult with your lawyer to understand more. 

Debt Collections

You can also benefit from business transaction law services if your clients aren't paying on time or not paying at all. These experts can help you take the necessary actions to recover client debts.

If your case goes to court, a business law expert will ensure that you get a favorable ruling. If you choose not to sue your debtors, an attorney can help you draft and send demand letters. More importantly, they can give you any form of assistance or legal advice with debt collection.

As a business owner, you will have to consult with a business law expert at some point. Whether you want to expand your business, hire new employees, collect debts, or draft essential documents, a business transaction lawyer can help. To find a lawyer today, contact a business transaction law firm such as Boynton Waldron Doleac Woodman & Scott P.A.