Hiring a lawyer can be expensive, but it is one area that you cannot ignore. Especially when you own a small business in Calgary, hiring one gives you protection from potential lawsuits.
Apart from fighting for your rights in court, business lawyers Calgary can also ensure compliance.
Whether you want to start a business or reduce tax, hire these six types of knowledgeable lawyers:
Labor and Employment Lawyer
If you are not a sole proprietor, you likely have employees. Your business could be a partnership or incorporation, and must have state and federal compliance. To that end, your attorney can draft employee agreements and ensure that the required safety standards are met.
Otherwise, you could be looking at legal proceedings based on wrongful terminations, breach of contracts, workplace discrimination, personal injury, and sexual harassment. This list is not exhaustive, which means you need someone well-versed in the field to handle such situations.
General Business Lawyer
Business lawyers Calgary also provide the needed legal advice at every stage of your commercial activities. They have a grip on all legal disciplines that deal with business operations. If you don’t need a specialized lawyer, you can choose an attorney for general matters.
They can guide you about various scenarios you may encounter affecting your business, such as investment advice. The goal is your long-term viability and cost savings with effective and practical legal assistance.
Business Contracts Lawyer
Each contract you make with a new client should reflect that particular deal, its limitations, clauses, and liabilities. Most business owners choose templates lifted off of the internet and modify them per their requirements. But if you get into legal problems, you may realize that these templates don’t cover crucial aspects.
With a qualified business attorney, you can draft customized contracts with all the required provisions. You can delete unwanted obligations and insert specific clauses that protect your interests.
Mergers and Acquisitions Lawyer
When you are buying or selling a business, asset and property negotiations are the most important. Due diligence must be performed in all matters, starting from funding, lease review, and tax planning to closing a deal. Hiring an M&A lawyer to represent your interests will make things clear as to your responsibilities.
Without one, it will be complicated to go over the documentation process, drafting employee rights, or mitigating your risks. Knowing the nuances of mergers and acquisitions, your lawyer can negotiate the best deal possible.
Intellectual Property Lawyer
M&A lawyers may have intellectual property expertise, but some deals specifically need an IP lawyer. IP lawyers can handle copyrights, patents, registrations, trademarks, and other brand recognition concerns.
Original creations are considered intellectual property, and if you use trademarked and highly protected terms or information of others, you can IP violation lawsuits. Your IP attorney is a valuable entity to ensure you don’t face IP infringement and other legal troubles.
Tax Lawyer
Filing business taxes is a complicated process, and you need qualified tax professionals by your side. Whether you are getting audited or facing legal action started by tax authorities, an experienced tax lawyer can help.
Make sure to hire a licensed attorney who has gone through tax law training. They can review all contracts and documents before a deal is made and save you from future troubles.