Small business owners and new entrepreneurs in New York are a little hesitant when it comes to hiring a commercial attorney. They feel that hiring one is an extravagance they can live without. While it’s true that lawyers don’t come cheap, the services they offer can likely save your business from potential legal problems. Experienced business owners will attest to this.
When selecting a commercial lawyer to represent your business, it is vital that you choose someone who has knowledge and experience in your type of business. For example, a small business has different concerns and needs than a medium or large-size business.
Duties and Responsibilities of a Commercial Lawyer
Commercial lawyers offer a wide range of services, but the most common ones are:
- Business formation
- Contract drafting
- Review and analyze contracts
- Intellectual property protection
- Asset protection
- Litigation services
Benefits of Hiring a Commercial Lawyer
Seasoned business owners know the importance of hiring a commercial lawyer. This is because they fully understand the value that a lawyer can provide their business.
Some of the benefits and advantages you get from hiring a commercial attorney are:
- They are experts in business law and commercial litigation.
- They are focused on protecting you and your assets.
- They will make sure that you remain compliant to the state and federal business laws.
- The will handle all legal procedures on your behalf.
- They will provide you with legal representation should the need arise.
- They are experts when it comes to resolving disputes from inside or outside the company.
- They will make sure that you are not blackmailed by unscrupulous individuals or betrayed by your partners.
You may feel like you are saving money by not hiring a lawyer for your business. However, things don’t always go smoothly. You may soon regret this decision when you are already faced with a lawsuit. You may even end up a victim of fraud. All of these problems can be prevented by having a lawyer review your every transaction.