If you've been following along, this month we've discussed 8 Expensive Small Business Mistakes to Avoid in 2021. One of the biggest mistakes you can make is not to engage a small business attorney in Raleigh, NC in the early days of organizing your company. But having an attorney in your back pocket has many more benefits. Today we'll discuss X reasons you should retain a small business attorney long before you need one.
1. The Law is Complicated
Your focus should be on your business, not understanding the law. Meanwhile, your small business attorney in Raleigh, NC's job is to provide legal counsel, review contracts, reduce jail time, help you collect any money owed to you, and more. Rather than wait until you've been sued, keeping a small business attorney on retainer will help you avoid legal headaches from the very beginning.
2. Not having a Small Business Attorney in Raleigh could cost you more in the long run
As we discussed in a previous article, many first-time small business owners try to reduce upfront costs by eliminating non-essential functions. While we agree with this strategy to some degree, let us be clear - a small business attorney is absolutely essential. Not hiring one can actually cost you more.
How so, you might ask? Imagine that you are being taken to court and the case will determine whether or not you spend time behind bars or are fined. In civil cases, many attorneys won't charge a fee unless you win the case. Furthermore, you may even be able to claim legal fees as a plaintiff. Rather than trying to represent yourself (which again, we advise against), hiring an attorney can either save or make you money.
3. Your Small Business Attorney in Raleigh knows how to challenge evidence
We've said it before and we'll say it again - what you don't know CAN hurt you! And if you have key pieces of evidence against you that are improperly obtained, you may not know it. However, your small business attorney in Raleigh can not only do a proper investigation of your case, but they can make sure to catch any mistakes or contradictions that may arise in court.
4. Your Small Business Attorney in Raleigh knows how to properly file court documents
When it comes to legal documentation, there's a lot to manage. If you don't have your law degree, you may struggle to understand what legal documents need to be filed, when they should be submitted, and other details. Rather than making the mistake of handing in incorrect or late documents, and potentially delay your case (or even have it thrown out entirely which won't be in your favor), hire the experts.
5. A good small business attorney in Raleigh can help you with pleas and settlements
What do pleas and settlements even mean? You've likely heard of plea bargains if you've watched any amount of court tv, but did you know that pleading guilty isn't the only option. What about settlement offers? A small business attorney who understands the law will be best situated to explain what your options are and walk you through making the right decision. They can also help you avoid severe penalties. While it still may be in your best interest to see your case through to trial, your attorney can help you negotiate a fair settlement with the opposing party.
6. The Opposing Party has Legal Representation
If you're facing a legal battle of any size and find that the other party has legal representation, it is in your best interest to have an small business attorney in Raleigh on your team. Those who try to represent themselves are immediately at a disadvantage.
Need more reasons to hire a small business attorney in Raleigh, NC. Eldreth Law Firm is made of NC lawyers who specialize in Business Law. To check out all of their services, click here.