5 Reasons Your New Business Should Have a Law Firm on Retainer

Starting a new business can be an exciting venture, but it also comes with a variety of potential legal challenges and risks. From drafting employment agreements and company handbooks to navigating legal actions like wrongful termination claims, having a trusted law firm on retainer can be invaluable.

In this blog post, we will explore the reasons why new businesses should consider retaining a reputable law firm like SeiferFlatow, PLLC, to handle general business litigation and corporate compliance concerns. By having legal professionals by your side, you can protect your business, mitigate risks, and ensure compliance with laws and regulations.

1. Expertise in Drafting Employment Agreements

Having a trusted law firm on retainer provides access to skilled attorneys who specialize in drafting employment agreements. These agreements play a critical role in outlining the terms and conditions of employment, which can include non-compete agreements and protection of your business’ trade secrets.

A well-drafted employment agreement can help prevent misunderstandings, establish clear expectations, and protect your business’ interests. With our guidance, you can ensure that your employment agreements are comprehensive, enforceable, and tailored to your specific business needs.

2. Resolving Potential Employee Issues

Employee-related issues can arise in any business, regardless of size or industry. From disputes over wages to conflicts between employees, a retained law firm can address these matters promptly and effectively. A skilled attorney can provide guidance on compliance with labor laws, handle negotiations, and mediate conflicts. By proactively addressing employee issues, your business can maintain a positive work environment and reduce potential legal risks.

3. Handling Lawsuits and Legal Disputes

No business is immune to the possibility of lawsuits. Whether it’s a contract dispute, intellectual property infringement, or a customer complaint, having a trusted law firm on retainer ensures that you are well-prepared to handle such situations. 

When your business has a retainer agreement with a law firm, the law firm is able to have a deep understanding of your business operations, allowing them to provide tailored legal advice and representation. In the event of a legal dispute, your attorney will work diligently to protect your business’ rights, minimize damages, and pursue the best possible outcome.

4. Compliance with Employment Laws and Regulations

Navigating the complex landscape of employment laws and regulations can be challenging for any business owner. Failing to comply with applicable laws can lead to costly penalties, lawsuits, and damage to your business’ reputation

By retaining SeiferFlatow, PLLC, you gain access to legal professionals who stay updated on employment laws and regulations. They can help ensure that your business operates in compliance with federal, state, and local laws, minimizing the risk of legal complications. From employment practices to workplace safety regulations, we will provide counsel to keep your business on the right side of the law.

5. Proactive Risk Management

Your new business should adopt a proactive approach to risk management. An attorney will conduct regular legal audits and assessments, which will identify potential legal issues. From reviewing contracts and leases to implementing internal policies and procedures, proactive risk management can protect your business from costly mistakes and legal vulnerabilities. While you are busy running your business, an experienced law firm will be by your side to keep you ahead of potential issues in order to position your business for long-term success.

In the complex landscape of starting and running a business, having a trusted law firm on retainer is vital for the success and protection of your new venture. At SeiferFlatow, PLLC, we are dedicated to providing comprehensive legal support to new businesses like yours. 

Call us today at 704-512-0606 or contact us to learn more about how we can assist you with employment agreements, employee issues, lawsuits, and other potential legal matters. Let our experienced attorneys be your trusted legal advisors, ensuring the well-being of your business as you navigate the exciting journey of entrepreneurship.