Full access to Entrepreneur for $5
Subscribe

When to See a Lawyer

When it comes to certain legal matters, you don't want to go it alone.

Opinions expressed by Entrepreneur contributors are their own.

Often it's smart to consult with an attorney. Here are a few examples:

  • Written agreements: Do your lease agreements and purchase contracts indicate the specific duties and expectations of each party?
  • Licensing and ordinances: Do you need to be licensed or bonded? Is liability insurance required?
  • Business structure: Should you incorporate or stay a sole proprietorship?
  • Employer-employee relations: Are you familiar with the laws that govern hiring employees? Do you need an employee handbook?
  • Partnerships: If you don't have a partnership agreement in place, you could lose your business.

Don't be penny-wise and pound-foolish when it comes to your business's future. A little legal advice can go a long way.

Excerpted from Get Smart: 365 Tips To Boost Your Entrepreneurial IQ