Many people envision large corporations with massive legal teams when they think of a business lawyer. However, that's not always where these kinds of lawyers work. Small companies make up most of the corporate structure in America. According to Forbes, 99.9% of businesses in the U.S. are small businesses. There are several ways a small business lawyer can help your business.

1. Contracts

Writing contracts is an essential part of every small business. For example, you may have to write a non-disclosure agreement to protect your property. Protecting your intellectual property, such as formulas or recipes for products, is also essential to ensure you stay in business. You'll need a lawyer to cover all of your assets, including those.

2. Disputes

Unfortunately, many people think businesses have a lot of money, and they don't think twice about suing them over the most minor things. For example, we all remember the lawsuit a person won because the coffee was hot. Having a solid legal team can help you address and handle these kinds of disputes. A small business lawyer can negotiate on your behalf and help minimize the damage.

3. Protection

Business lawyers have heard of every frivolous lawsuit, so they know how to protect you. For example, the caution notice we now see on coffee lids helps protect businesses from further lawsuits. Speaking with a professional lawyer can help you learn more about protecting yourself and your company. They'll give you fantastic advice, especially if you're just starting your business. We're happy to discuss these matters with you when you contact us.

4. Structure

You can structure a small business in multiple ways, and a small business lawyer can help you determine the appropriate structure. For example, in our experience, a one-person company can be a sole proprietorship. However, certain tax benefits come with creating your S corporation. Take the time to learn about the pros and cons of each structure when deciding on a suitable business model for you. We're also happy to assist you with this process!

5. Knowledge

An experienced attorney can give you valuable advice regarding so many aspects of your small business. For example, a professional can tell you if you need to write a contract to hire an independent contractor, assist you with staying on top of your taxes, and help you learn to run your business. We have experience helping small companies just like yours.

Learning the complex legal aspects of running a small business can take years. Instead of trying your luck, hire a professional lawyer with the needed experience and knowledge. Contact Peacock Keller, LLP to schedule an appointment today.