Why Every Houston Business Needs a Business Lawyer Houston, TexasHire A Small Business Lawyer Houston For Your Houston Business StartupAs a small business, there are professionals or positions you need to hire or fill to ensure success during the first three years of your business. They include sales, marketing, and accounting. It is obvious why you have to hire people to fill the sales, marketing, and accounting positions. The sales and marketing team complement each other by coming up with strategies to promote your brand, products, and services. Also, the team helps to ensure your business has an online presence. For accountants, they help to review the numbers periodically and prepare tax returns. Also, an accountant aids in the preparation of liability, capital, and asset account entries. Using this information, the accountant prepares a balance sheet and profit/loss document to show whether the business is making profits or losses. While the above professionals are key to the success of a small business and entrepreneurs are always willing to spend resources on them, what entrepreneurs forget is to hire a Business Lawyer or Small Business Lawyer in Houston. Why Hire a Business Lawyer or Small Business Lawyer in HoustonNavigate Texas and Local Houston Business LawsA vast majority of entrepreneurs have a vision and to fulfill it, they take one simple step — seek funds from an investor. By doing so, the entrepreneur receives funding and immediately embarks on setting up the business. Since the business plan is already drafted, to a small business owner, that is enough. What they forget is that there are numerous business laws which can only be handled by an attorney. Not following these laws can lead to one being sued by other parties. Some of the laws a business lawyer in Houston can help with include: Business formation laws: These are laws used in the formation and operation of a business. They help to define your business as follows: limited Liability company, partnership or corporation. Intellectual property laws: Protect the intellectual property of your business from being misused. Employment laws: Protect employees’ rights against any discrimination Environmental laws: Are designed to protect the environment Permit laws: You need various permits and licenses to operate your business. Hiring aBusiness Lawyer in Houston can help you navigate the laws above and ensure your business is in compliance. Signing Contracts, Deals, and Leases A contract is a legally binding and enforceable agreement made between two or more parties. As a business, you need a contract lawyer. A contract Lawyer is well versed with contract laws — state and federal. He or she can help you draft a contract and advice you before signing. By choosing to listen to the wise counsel of a contract lawyer, you can avoid future disagreements and lawsuits between your business and other parties. Examples of contracts a small business lawyer in Houston can help you with include:
As a business, there comes a time when you have to expand to new markets, inject more working capital or buy new machinery to fast track production. Also, you may need additional funding to hire more staff or refinance current loans with a goal of reducing the monthly costs. If you are seeking additional funds to expand or buy new machinery, this is an expensive venture and to fund it, you need to rely on external sources. They include VCs, hedge funds and other financial institutions. For additional equity financing, a small business lawyer in Houston can help you review the legal documents made available by investors. Also, the attorney can draft a shareholder agreement and assess how it will impact existing contracts between suppliers, financial institutions and employees. Protect Your Intellectual PropertyAs a business, protecting your intellectual property is very important. Your intellectual property includes unique ideas you have generated and have an economic benefit. For instance, designs, trade secrets, and original works. Hiring a small business lawyer can help in protecting your intellectual property. How? A lawyer can register your intellectual property and services using trademarks, patents, and copyright protection. If your business has developed a better or new product that is useful and unique, a lawyer can obtain a patent. With a patent, you can stop third parties from selling or using your invention for a certain number of years. Copyrights are more suited for original works of authorship such as music, art, books, photos, audio, software and other intellectual works. Copyright protection prevents other parties from copying, distributing or displaying your work to other people without authorization from you. This prevents loss of revenue to your business. Trademarks protect your brand name and prevent other businesses from selling products under your brand. Handle Disagreements Between Business PartnersAs entrepreneurs, starting a business partnership is very exciting. For starters, your dreams or vision have been realized. Second, you are embarking on a new journey where your goal is to promote your brand and become an authority in your industry. Finally, after you meet your goals, you get to celebrate your success together. During the “honeymoon” period, business partners are happy and they rarely disagree. What about when the “honeymoon” period is over? Problems start to pop up. From business partners accusing one another of embezzlement or theft to disputes about profits sharing and ownership. If such disputes are not solved professionally, the once-promising business is going to suffer. To prevent this, hire a small business lawyer in Houston. As a legal expert, he or she is well equipped to combat disagreements in the business. The lawyer will mediate between the business partners by helping them understand their partnership obligations. Also, the attorney will draft partnership documents to reduce the intensity and frequency of disputes. These documents are prepared in accordance with state and federal laws. In the documents, the attorney will include dispute resolution procedures and other policies. So, if your small business does not have a dispute resolution provision, hiring a small business Lawyer in Houston will help to clear that. Choosing a Business Lawyer in Houston, TexasA general business counsel can help to streamline affairs in your business. If you need help with complex processes such as equity financing, intellectual property, and contracts, choose a small business Lawyer. Also, a lawyer can help to resolve disagreements between partners, help with employee conflicts and environmental complaints. So, if you want to protect your short and long-term business interests in Houston, hire a small business Lawyer in Houston Need a Business Lawyer or Small Business Lawyer in Houston? Call Today: Law Offices of J. Peter Larsen Bank of America Center 700 Louisiana St., Suite 3950 Houston, Texas 77002 Phone: (832) 390–2634 from Stories by Houston Attorney on Medium https://medium.com/@attorneyinhoustontx/why-hire-a-small-business-attorney-for-your-business-startup-f7dadc4f1694?source=rss-99a3d6cca136——2 Uncategorized, IFTTT, Stories by Houston Attorney on Medium
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