Every person needs to have a lawyer’s number on speed dial because legal emergencies do not arise with prior notice. This practice becomes particularly crucial when one is running a business. Usually, and necessarily, businesses open themselves up to major legal liabilities that often end up in court – a rather expensive prospect that could have been avoided. Waiting until misfortune befalls the company to begin the search for a competent business lawyer is not wise. However, having a skillful lawyer on standby is always a good idea.
Mario Normil, a specialist in business law, has considerable experience helping corporations. He believes there are numerous lawyers for diverse business law issues, and they may help you manage many crises. Any lawyer who deals with a case involving a corporate entity needs to prioritize learning about the specific company and its attributes, which is usually a time-consuming process that business owners and their attorneys dread going through. But this is precisely the difference between a lawyer and a good lawyer like Mario Normil.
Many business owners take the financial risk of not employing a corporate attorney, which is ideal only if they are looking to take their business to new heights of demotions and bankruptcy.
To help you understand why you need a corporate lawyer (esp a good one) ASAP for your company, Mario Normil shares some key insights.
“Business Lawyers are your key to fight (and win) the lawsuits.”
Various lawsuits might be taken out against your business, but the most common for many companies occurs when an employee suffers a workplace injury. While presenting this example, Mario Normil said, “Regardless of the fact that your company was responsible for it or not, if your injured employee hires a workplace injury lawyer, the lawsuit can cost you a huge amount of money.”
“Having a corporate lawyer in such cases turns the table in a business’ favor. So you need to make sure that your legal representative has a great success rate in the type of cases your company may face,” he added.
“Get your business registered with the help of a business lawyer.”
Deciding on the business structure is an important step whenever you are officiating a business. A business lawyer is a knight and shining armor when making an essential decision like this one.
“To register as an LLC, sole proprietorship, or a proper corporate structure will greatly impact how your business responds to the legal and financial liabilities,” stated Mario Normil.
An experienced corporate or business lawyer will help you understand your legal obligations and sketch the framework for each type of entity. Not just that, but with a business lawyer in hand, you don’t have to run around for all the correct licenses and approvals.
“Tax compliance done right.”
Taxes are entirely a different ballgame when you are running a business. Trying to negotiate your way through laws is a time-consuming and brain-wreaking process.
“An experienced taxation lawyer can have you understand the rights and wrongs and ensure that all your business taxes are paid in the right order,” said Mario Normil.
The successful business lawyer suggested a life-saving and cost-effective tip for small businesses as well: “Taxes only need to be filed once or twice a year, so it’s not necessary to keep a lawyer on retainer; just bring them in when it is that time of the year.”
“Manage risks through every step of the way.”
Every business has to take some risks to be successful. But an expert corporate lawyer can help alleviate those risks by enabling you to understand potential legal impediments.
“As a business owner, you are an expert in your field, but in no way it means that you will know everything about a buy-out or the laws overriding a new market that you probably want to move into,” shared the expert.
“Some businesses avoid the potential cost of hiring a lawyer, but the money that we save you in future issues makes up for our charges,” added Mario Normil with a smirk.
“Sailing smooth mergers and acquisitions.”
All mergers and acquisitions demand detailed planning and proper execution. Still, a lot of legal problems can potentially emerge.
“Buying out or merging with another company requires huge amounts of paperwork, legal contracts, accounts ownership deeds, and much more that qualified corporate attorneys best handle,” highlighted the successful corporate lawyer.
Not having a business lawyer is out of the question if you want to successfully run your business. A corporate lawyer can assist you in protecting your company and your investment, avoiding misunderstandings with your business partners, and, most importantly, escaping personal liability for business debts and legal obligations. Whether you are starting a business alone, with partners, or with investors, legal documents can help all of you be transparent and grow as a company. In addition, there are so many legal situations that a business can find itself tied up in that solid legal advice can be worth its weight in gold.
If your business is involved in any of the above-stated scenarios, you should seriously consider hiring a brilliant corporate lawyer like Mario Normil. Not only will he advise you, but he will make sure that your business resides on the right side of the law.
Research
https://tondinilaw.com/10-reasons-why-you-need-to-hire-a-lawyer-for-your-business/
