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10 Reasons Why You Need an Attorney for Your Bakery Business

Whether your business is a bakery or any other sort of business, having a business attorney to assist in advice and legal matters is important. There are things like agreements that need to be drafted, reviewed, and edited to ensure that everything is in favor of the business. There are also clients, suppliers, and other people that the business has to deal with, and at times you might need a lawyer to step in. There is also legal representation in court, and there is nothing as good as having a lawyer that knows everything about your business. In this article, we are going to look at the importance of an attorney for your business.

10 Reasons Why You Need an Attorney for Your Bakery Business

10 Reasons Why You Need an Attorney for Your Bakery Business

Protect Against Lawsuits

As a Baker, you get to deal with foodstuff, and the reality is that you are bound to face several challenges that could end up in courts. In such cases, having a lawyer that is on your side could turn out to be the best thing in your life. The can help the business fight and even reduce the charges.

Mitigate Damages

In the event of a lawsuit, having a lawyer can be advantageous since they can help mitigate the charges against the business. This is something that will depend on the truth coming from you as the business owner and the lawyer.

Contract Drafting

There are many contracts that are needed in any business, including the bakery business. You need to sign contracts with suppliers, wholesalers, and retailers for your pastry products. The best person to assist with the legalities is a lawyer, who can draft the contracts, review and amend any contracts, and single out things in contracts that can pause a danger to the business. A contract that isn’t checked by a lawyer can sink a business very fast.

Business Incorporation

When incorporating a business, we need to have someone that is familiar with the process so that we can avoid any legal implications that might challenge our business. That is the work of a business lawyer, who will know exactly what to.

State and Federal Compliance

Most people really don’t know or understand state and federal laws regarding businesses, and it gets even more confusing because different states tend to have slightly different laws. The laws could revolve around taxes, rules and regulations, business dealing across other states, and many more. A good business lawyer would be well versed with all of the laws and will ensure that your business is complying adequately.

Employee Issues

As the business grows, we will need to employ people to assist with various tasks. We are all aware that employees can sometimes become troublesome, or it could even be a problem hiring good employees. The presence of an attorney will most likely diminish the employee problems, whether it is the hiring process, compensations, agreements, dismissals, and other things that affect employees.

Filing for a Patent

When you come up with a new product or service, you don’t want someone stealing away the idea. This means that you will have to patent it. This is a process that you might not understand, and it could be costly if you were to do it yourself. It could also end up taking up a lot of your time, which could have been spent doing other things. Another problem is that these patents are usually very hard to get approved. A patent lawyer would know how best to go about all of these things to ensure that you get your patents, at the right price, and on time.

Buying or Selling a Business

Purchasing or selling a business entails many legal implications that you might not understand. It isn’t the same as selling or buying a car and involves many things such as valuation, acquisition and purchasing agreements, permit and license transfers, among other things. Let your attorney get that done for you smoothly instead of running into future problems. It will also ensure that you get the best value or money in your investment.

Environmental Issues Impact Your Business

There are many federal laws that have come up lately as people scramble to save the environment. Some of these laws could affect your business without your knowledge and could end up getting you into trouble. One way of avoiding these could be lawsuits is by complying with the laws. A good business lawyer understands all the laws and is best positioned to advise you. They could also come to the defense of your business in the event that you’re taken to court.

Business Structural Decisions

Being the owner of the business, it is a big temptation for you to want to do all the structuring yourself. You should try and avoid this since there are many things that you might not understand such as liabilities, tax obligations, setup fees, ongoing expenses, and employee-related concerns. You will need to get someone that understands these concerns to ensure that in the future you don’t run into legal problems.

Legal Bay Lawsuit Funding

Moving away from hiring an attorney for your business, we are now going to tackle lawsuit funding. In the event that you have a lawsuit that is ongoing and yet you still need funds for treatment due to personal injury, rape, or something that happened and is associated with the case, you can get lawsuit funding. You might not have the funds to treat yourself but you can get loans or cash advances before the lawsuit comes to an end. That is what is referred to as lawsuit funding. In this part of the article, we are going to tackle some of the most common questions regarding lawsuit funding. Legal Bay Lawsuit Funding answers all of these questions on their website since it is a company that helps people gets access to loans or cash advances. Their website has a non recourse lawsuit loan Q & A, some of the questions listed below:

  • What benefits are associated with pre-settlement funding? To pay bills while the case continues.
  • Why not opt for a bank loan instead? You don’t want to add debt when you can get money before the case settles.
  • How does one identify a good lawsuit settlement funding company? Ensure that they are a direct funding source and won’t use brokers.
  • What does the word ‘fees’ refer to? Any rates charged to you related to the lawsuit settlement funding.
  • Do funding companies check employment history and conduct credit checks? No.
  • What should one expect to pay? Compound interest of between 1.99% per month to 3.99% per month.
  • Is one giving up their rights by taking pre-lawsuit funding? No.
  • What of my lawyer? He will advise on the best way forward.
  • How does the approval process work? You fill the application, the company liaises with your attorney, and you get funding depending on the expected value of the case. The cash should be released in a couple of days depending on the specific situation or case.

Summary

Always have a business lawyer at hand to help with any legal issues regarding the business. In the event that you finally end up in court and even need pre-lawsuit funding, you might want to consider the services of Legal Bay Lawsuit Funding. Remember, lawsuit funding is expensive and you should only take what you need.