When Should a Business Consult a Legal Professional?
A business should consult a legal professional in various situations: - Formation and Structure: When establishing a new business, legal advice is essential to choose the appropriate legal structure (e.g., sole proprietorship, partnership, corporation). - Contract Negotiations: Before entering into significant contracts with clients, suppliers, or partners. - Compliance Issues: When navigating complex regulatory environments, especially in highly regulated industries like healthcare or finance. - Disputes and Litigation: When facing legal disputes or potential litigation to strategize and manage the situation effectively.