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What Do Business Litigation Attorneys Do?Some business owners are unsure what to expect when they contact a business litigation attorney. A seasoned business attorney might take the following steps when contacted by a business owner about a potential legal dispute:
- Discuss the business’s situation
- Explain their legal fee structure
- Help business owners weigh options
- Advise whether litigation is the best path forward
Business Litigation Knowledge Beyond The CourtroomMany business owners wonder when to hire a business litigation attorney. The answer is often sooner than they would think. A knowledgeable attorney can provide critical legal guidance at every stage of a business or corporation’s life, from startup to growth, to sale or closure. Business owners might want to consult an attorney regarding:
- Business entity formation and structure
- Preparing a business plan
- Determining fiduciary duties
- Identification and fulfillment of legal responsibilities
- Employment contracts
- Preventative actions to avoid potential legal issues
- Fraud protection
- Insurance matters
- Worker’s compensation issues
- An investigation by a government entity
- Environmental compliance issues
- Labor laws
- Disputes between business partners
- The purchase or sale of another business
- Merging with another business
- Succession planning or “handing down” the business to others
Examples of When To Hire a Business Litigation AttorneyThe decision of when to hire a business litigation attorney is up to each individual or business. However, there are many common instances in which businesses and corporations opt to retain the services of an attorney. Some examples include:
- The formation of the business or corporation as a legal entity
- Patent, copyright, trademark, and trade secret issues
- The business is named as a defendant in a lawsuit
- Creating contracts for use with employees, customers, and suppliers
What to Look For When Hiring a Business Litigation AttorneyBusiness litigation is a highly specific area of law practice, and there are many attorneys to choose from. According to the American Bar Association, there are more than 79,000 active attorneys in the state of Florida. The decision to hire an attorney is up to each individual or business, which can seem intimidating. When considering whether to hire a business litigation attorney, here are a few important things to consider:
- Knowledge of both business litigation and transactional law. Most businesses face a wide range of legal questions and issues over time. An attorney with knowledge of both business litigation and transactional law may be better equipped to advise and assist business owners regarding their rights and legal options on a variety of issues.
- Transparent discussions regarding cost. Rates vary widely among attorneys, and it is important to understand the costs associated with legal representation. Business owners should discuss legal fees with prospective attorneys before deciding when to hire a business litigation attorney.
- An understanding of the business’s needs and goals. A business litigation attorney who develops an understanding of a business’s current situation, as well as its future goals, may become a trusted legal advisor over time. An attorney who seeks to know a business owner’s long-term concerns and objectives is well-positioned to keep the business’s best interests in mind.
- Clear communication. Some business owners are legally savvy, while others are unfamiliar with the legalese of the business litigation world. It is important for the business owner to ensure that a business litigation attorney understands your level of legal knowledge and communicates with you in terms that you can easily understand.