When starting a business, it has been said, the first people you will need are an accountant and a lawyer. While the reasons for hiring an accountant are obvious, you may think that a lawyer is not really necessary until you need their services. It’s much better to be prepared, when you are being sued it’s late to be looking for a lawyer.
You should find a commercial lawyer early on in your business. They will provide invaluable advice in almost all aspects of a business and can save you significant money. They can help with regulatory compliance, copyrighting or trademarking your products or services and helping with the process of incorporating your business. Most importantly they can advise you about legal liability and how you can avoid lawsuits in the course of doing business. Finding a competent lawyer that specializes in commercial law, ironically, can help you avoid needing one in the future.