When to See a Lawyer

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

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

  • Written agreements: Do your lease agreements andpurchase contracts indicate the specific duties and expectations ofeach party?
  • Licensing and ordinances: Do you need to be licensed orbonded? Is liability insurance required?
  • Business structure: Should you incorporate or stay asole proprietorship?
  • Employer-employee relations: Are you familiar with thelaws that govern hiring employees? Do you need an employeehandbook?
  • Partnerships: If you don't have a partnershipagreement in place, you could lose your business.

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

Excerpted from Get Smart: 365 Tips To Boost Your EntrepreneurialIQ

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