Today's litigious society requires the best representation and advice to steer you in the right direction. Business attorneys are specialists in business affairs who educate their clients regarding the best practices in business and the applicable laws in the industry. Companies can rely on business lawyers to represent them when crises arise. Both new and established firms require the services of business attorneys. These attorneys are invaluable when handling compliance issues and developing new systems since they help the firm monitor and reduce legal risks. This article provides a brief outline of the reasons why you need a business attorney. 

Business Structuring

One of the main decisions you need to make during the commencement or review of your firm is the structure. Different business structures have their fair share of advantages and problems, and your business lawyer is the best person suited to advise you on which structure fits you. If you are a new startup, your lawyer can advise you to choose a limited liability company over a sole proprietorship. The lawyer can also help you select the type of partnership to create and help you structure the collaboration in a way that protects your financial interests and the underlying business idea. 

Writing Contracts

Contracts are a daily occurrence in the business world. You need to make a contract every time you hire a new worker, purchase a new machine, or engage the services of a new distributor. Contracts dictate your relationship with the government, partners, competitors, and creditors. Your bank requires you to sign all manner of contracts regarding short-term and long-term loans, standing orders, and banking insurance. Similarly, non-business interests, such as charities and socially responsible corporate causes, require your business to enter into contracts with different parties. Your business lawyer oversees the creation and signing of these contracts and ensures that they protect the firm from all legal risks. 

Business Transformations

The two most common forms of business changes are mergers and acquisitions. Business lawyers encounter such situations daily. The experience derived from guiding businesses through significant changes helps business lawyers determine the strategies that work and those that do not. The lawyer helps conduct a thorough investigation to ensure that you are not acquiring a concerning firm. Business lawyers also help evaluate the legal history of the firm whose business you want to acquire or merge with yours to ensure that you do not share in their liabilities. 

Conflict Resolution

Business attorneys are essential in resolving anything from a workers' strike to an intellectual rights infringement claim. Conflicts in business are expected with various parties looking to hold the company responsible for its activities or ignorance. You may abide by all rules in your jurisdiction and different social responsibilities, but someone can still come after your business for multiple claims. Business lawyers handle malicious and legitimate claims in ways that cause your business the least harm in terms of reputation and finances. Therefore, your business lawyer is the most equipped person to guide your firm through workplace safety, sexual harassment, discrimination, disability, sick leave, or intellectual property claims. 

A business lawyer helps you structure your firm, write contracts, transform your business, and resolve conflicts that arise in your firm.