5 Warning Signs That Your Business Needs a Lawyer

Running a business can be very fruitful, but it can also be frightening. One of the things that can be frightening is the potential for various lawsuits. Another is being in a situation that needs an attorney’s representation. The following are five warning signs that your business needs an attorney:

A Former Employee Files a Complaint

You may need an attorney if you’ve let an employee go, and you receive a formal complaint that the termination was unlawful. An example of an unlawful termination is a firing based on a disability. You could be subject to a lawsuit if the former employee believes that the termination was wrong, and that person seeks counsel with an attorney.

Someone Gets Hurt at Your Business

You may need a personal injury lawyer if a customer or employee receives an injury on your property, and that person believes that negligence caused the injury. You’ll need this kind of attorney to protect you from having to pay hundreds of thousands of dollars in compensatory or punitive damages.

You Receive a Notice About Back Taxes

Taxes can be tricky, and the wrong move by an accountant can leave you open for tax debts. A tax lawyer can help you if you receive a notice about back taxes. This person can also assist if your business becomes subject to an audit.

Your Bills Outweigh Your Profits

A bankruptcy attorney is another type of lawyer you may need for your firm. This type of attorney can help you to keep your business if you find that your bills outweigh your profits. Bankruptcy attorneys can assess your assets, file court paperwork, create debt repayment agreements and help your business stay afloat. Many businesses have to hire bankruptcy attorneys, but their companies continue to operate.

You Miss Legal Deadlines or Meetings

You may need a legal malpractice lawyer if the attorney you have for any of the above matters handles your case negligently. For example, an incompetent attorney may forget to file paperwork or show up for an important court date that leaves your company in a bad position. A legal malpractice attorney can help you recover some of the losses that your business experienced because of the negligent representation.

Now you know what to look out for so that you can prepare yourself right away. Don’t wait to receive the news about a legal issue. Get some trustworthy attorneys on your payroll today and protect your firm from losses.