When to Hire a Business Litigation Lawyer
Many business owners envision a courtroom when they hear the phrase “Commercial Litigation Lawyers.” The Small Business Association found that between 36% and 53% of small businesses are involved in litigation each year. A knowledgeable attorney is a vital resource during commercial litigation proceedings.
However, a business litigation lawyer can also be a valuable asset outside of the courtroom setting, working with you to properly form your business and ensure that your businesses and corporations grow and operate legally. Knowledge When to Hire a Commercial Trial Lawyer It can be challenging for both small business owners and corporations. If you have legal questions about your Brisbane-based business, speak with a knowledgeable attorney at Stonegate Legal at 07 3180 0143 to understand how we can help you protect your business’s rights under the law.
What do commercial litigation lawyers do?
Some business owners are not sure what to expect when they contact a business trial attorney. An experienced business attorney might take the following steps when a business owner contacts you about a potential legal dispute:
- Discuss the business situation.
- Explain your legal fee structure.
- Help business owners weigh the options
- Advise whether litigation is the best way forward
For businesses with limited legal budgets, the attorney can help the business determine when to move forward with retaining a commercial trial attorney to proceed with a lawsuit ensuring valuable legal funds are spent efficiently and effectively. Business litigation attorneys can represent business and corporation owners in court during settlement negotiations and in arbitration or mediation sessions. Additionally, while a lawyer is valuable during legal proceedings, they can also offer immense benefits to clients outside of the courtroom setting.
Knowledge of commercial litigation beyond the courtroom
Many business owners wonder when to hire a business litigation attorney. The answer is often sooner than you would think. A knowledgeable attorney can provide critical legal guidance at every stage of a business or corporation’s life, from startup to growth sale or closing. Business owners may want to consult an attorney regarding the following:
- Formation and structure of the commercial entity.
- Preparing a business plan
- Determination of fiduciary duties
- Identification and fulfillment of legal responsibilities
- Employment contracts
- Preventive actions to avoid possible legal problems
- Fraud protection.
- Insurance matters
- Worker’s Compensation Issues
- An investigation by a government entity
- Environmental Compliance Issues
- Labor laws
- Disputes between business partners
- Buying or selling another business
- Merger with another business
- Succession planning or “handing over” the business to others
Business litigation attorneys often become trusted legal advisors to their corporate and small business clients. Having an attorney as a resource throughout the life of a business allows owners to focus on running the business and feel secure knowing they have legal support for the many issues and decisions that inevitably arise in running a business. An experienced business litigation attorney at Stonegate Legal could help grow your business and protect your business in Brisbane in a legally compliant manner.
Examples of When to Hire a Business Litigation Lawyer
The decision of when to hire a commercial trial attorney is up to each individual or business. However, there are many common cases where businesses and corporations choose to retain the services of a lawyer. Some examples include:
- The formation of the company or corporation as a legal entity.
- Patent copyright, trademark, and trade secret issues
- The company is named as a defendant in a lawsuit.
- Creation of contracts for use with employees, customers, and suppliers.
These scenarios are just a few examples of when it might be a good idea to hire a business litigation attorney. A lawyer can advise business owners on a multitude of decisions with potential legal implications. Businesses often benefit from hiring a lawyer before they need one because lawyers are uniquely positioned to anticipate potential legal problems and take proactive steps to avoid them.
What to look for when hiring a business litigation attorney
Commercial litigation is a very specific area of legal practice with many attorneys to choose from. According to the American Bar Association, there are more than 79000 active attorneys in the state of Brisbane. The decision to hire a lawyer is up to each individual or business, which can seem intimidating. When considering hiring a business litigation attorney, here are some important things to consider:
Knowledge of both Commercial Litigation Lawyers and transaction law. Most businesses face a wide range of legal issues and problems over time. An attorney with knowledge of both commercial litigation and transaction law may be better equipped to advise and assist business owners regarding their legal rights and options on a variety of issues.
Transparent discussions about cost. Fees vary widely among attorneys, and it is important to understand the costs associated with legal representation. Business owners should discuss legal fees with potential attorneys before deciding when to hire a business litigation attorney.
Understanding the needs and objectives of the company. A business litigation lawyer who develops an understanding of a company’s current situation, as well as its future goals, can become a trusted legal advisor over time. An attorney who seeks to understand the concerns and long-term goals of a business owner is well-positioned to keep the best interests of the business in mind.
Some business owners have a legal background, while others are unfamiliar with the legal jargon of the business litigation world. It is important for the business owner to make sure that a business litigation lawyer understands his level of legal knowledge and communicates with you in terms that he can easily understand.
Contact an Experienced Business Litigation Lawyer
Many aspects of the business world are regulated by state and federal laws creating a multitude of potential legal obstacles for businesses and corporations. Business owners who choose to navigate complex legal issues alone do so at great legal and financial risk. In fact, in the state of Brisbane, a business entity generally cannot represent itself in court; generally, the company must be represented by a lawyer. Knowledge When to Hire a Commercial Trial Lawyer can save businesses and corporations time, money, and resources. Beyond court proceedings and dispute resolution, business litigation attorneys can become trusted long-term legal advisors for business owners. If you have legal questions about your Brisbane business, speak with an experienced business litigation attorney at Stonegate Legal at 1300 545 133 to understand how we can help you with your issue.