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On Behalf of | Aug 5, 2016 | Wang IP Law Blog

Whether your business is just starting out or has been established for a number of years, you will often find yourself in need of legal assistance. It is good practice to obtain sound legal advice before performing certain actions in order to protect yourself from potential liabilities.

There are free and helpful resources, such as the U.S. Small Business Administration website, the IRS website, or other legal articles. These resources are useful for solving general questions that are common amongst business owners. You could also ask fellow business owners, as they may have dealt with similar situations; however, it is important to be cautious because these avenues pose the risk of giving you incorrect or misleading advice. Additionally, if your inquiries are more situation-specific, you might be hard-pressed to find a solution to your problem.

Legalese is difficult to understand and easy to misinterpret, neither of which is conductive for effective business management. Researching all laws and legal jargon applicable to your issue can prove costly in both time and money. Consulting an attorney specializing in business law can provide peace of mind to business owners through quickly and accurately addressing any legal concerns you might have.

A common business necessity that requires legal assistance is in contract or document review. Lease agreements, employee contracts, vendor contracts, intellectual property agreements, mergers, acquisitions, and other business arrangements all fall under this category. Having an attorney review your contracts will not only prevent you from signing an agreement with disadvantageous terms, but also ensure that your objectives are represented in the agreement. Additionally, many business owners consult attorneys when filing taxes and in seeking intellectual property rights.

For businesses without in-house counsel seeking the security of having an attorney on call, an affordable alternative to consulting an attorney on a case-by-case basis is a subscription to a business legal plan, such as Wang IP Law Group, P.C.‘s Premier Legal Service®. Through a subscription to a business legal plan, a business owner can have access to a dedicated legal team that not only knows the company well, but is also capable of providing timely responses to urgent legal inquiries.

One advantage of a business legal plan is the informed relationship built between the firm and your business. This relationship allows attorneys to perform tasks and research for your inquiries with knowledge of your business details in mind, ultimately saving you effort and allowing the attorney to focus on the situation at hand rather than piecing together your circumstances on the spot.

In addition to answering most legal inquiries without a hefty consultation fee, advice would be only an email or phone call away. For example, Premier Legal Service® clients receive a response within 24 hours of their inquiry. As with all business legal plans, a timely response is key, and firms are focused on constantly meeting their clients’ needs. Subscribing to a business legal plan allows you to obtain the help you need without paying excessive attorney fees for each particular case.

Depending on your situation, there are many instances in which legal advice can help your business to run more smoothly. Whether you are forming a new business or seeking contract review, consulting an attorney can be useful in protecting yourself and your business when you need it most.

For more information regarding Premier Legal Service® and our practice areas, please visit our website at www.TheWangIPLaw.com.