When to Hire a Lawyer for Your Business

Nov 04, 2022

Owners of small to mid-size businesses are frequently confronted with the question of whether to hire an attorney. Unfortunately, it is common for business owners to neglect hiring an attorney, even when issues arise.


There is a general misconception that business lawyers charge high rates. Not only is this not true for all attorneys, but waiting until issues have escalated into a problem, is almost certain to cost substantially more. Seeking legal help early and frequently will likely result in lower operational expenses, more time, and less headaches. 

 

Yes, there are certain tasks that can be handled without the need for legal counsel, but knowing when to hire an attorney is critical to the smooth and successful growth of your business. Whether you need help drafting or reviewing a contract, or you’re facing a potential legal issue, when should you hire a lawyer for your business? 

 

You may not need to hire an attorney for the most straightforward, easy tasks, in starting your business such as choosing a business name and domain name, writing a business plan, applying for an employer identification number (EIN). That said, getting strategic advice from a lawyer regarding the different entity options for your new business enterprise, considering issues around taxation, and avoiding personal liability can be crucial to help you decide how to setup your business. Additionally, legal counsel can be extremely valuable when it comes to other seemingly-straightforward tasks, such as drafting or updating partnership agreements and negotiating and documenting contracts. 

 

When You Should Give Serious Consideration to Hiring a Lawyer

 

  • When deciding how to establish a new business;
  • Drafting a partnership agreement, shareholder’s agreement, or operating agreement for an LLC; 
  • Drafting contracts for customers, suppliers, employees, and business partners;
  • Drafting a buy-sell agreement with other partners;
  • Drafting an Employee Handbook and human resources documentation for your employees;
  • To assist with corporate governance matters:
  • Updating a partnership agreement, shareholder’s agreement, or LLC operating agreement; and
  • Reorganizing your business structure or taking on new partners, shareholders or members.

 

When You Absolutely Must Hire a Lawyer

 

  • A former or current employee, or job applicant, sues for discrimination; 
  • When seeking funding for your business;
  • A government entity files a complaint against your business;
  • Your business is under investigation for violating any laws; 
  • Your business is involved in an environmental issue; and
  • During mergers and acquisitions.

 

How Fractional General Counsel Can Help

 

A business attorney is crucial in the scenarios above, but the best course of action is to prevent legal issues from ever occurring in the first place. That is where fractional general counsel comes in; having an attorney on hand that is familiar with your business, and can help make important strategic decisions to enhance the business’ growth can be essential.

 

Where in-house counsel is a full-time employee, fractional general counsel is a lawyer who works with your business on a part-time basis, as an independent contractor. He or she can provide ongoing legal services at an agreed upon rate, in exchange for a certain number of hours per month. With fractional general counsel, you receive: 

 

  • Customized, affordable legal services;
  • A lawyer who knows your business goals; 
  • Ongoing legal guidance to remain in compliance with local, state, and federal laws; 
  • The time and ability to focus on business operations; 
  • Easy access to a lawyer when contracts need reviewed or drafted, or legal questions arise; and
  • Emergency representation. 

 

You don’t necessarily need an attorney to mitigate every issue, but having an attorney who you trust, and one who is familiar with your goals and objectives, is invaluable to the security, growth and success of your business. 

 

Contact Ochroch Law Today

 

In an attempt to save money, countless small and mid-size businesses waste time, money, and stress by failing to consult with an attorney early and often. Contact Attorney Marjorie Ochroch today to learn more. 

Importance of Employee Handbooks for Businesses

24 Apr, 2024
Clear and comprehensive employee handbooks play a critical role in the success and protection of businesses, large and small. An employee handbook is a vital document that outlines a company's policies, procedures, expectations, and legal obligations. Below, we detail just a few of the many benefits your business will derive from the creation of an employee handbook. If you have questions about how to get started or need guidance at any stage of the process, Ochroch Law can help. Communicates Expectations An employee handbook sets clear expectations for both employers and employees. It outlines policies related to attendance, work hours, dress code, behavior standards, and performance expectations. When employees understand what is expected of them, it promotes consistency and helps prevent misunderstandings or disputes. Legal Compliance Employee handbooks are essential for ensuring legal compliance with federal, state, and local employment laws. They can cover a range of legal topics such as anti-discrimination policies, equal employment opportunity guidelines, wage and hour laws, family and medical leave policies, and safety regulations. Staying compliant with these laws is crucial to avoid legal liabilities and potential lawsuits. Promotes Consistency Consistency in company policies is vital for maintaining fairness and equity among employees. An employee handbook provides a uniform set of guidelines that apply to everyone in the organization, reducing the risk of favoritism or inconsistent application of rules. Employee Rights and Benefits A well-drafted handbook informs employees about their rights, benefits, and entitlements. This includes information on health insurance, retirement plans, paid time off, sick leave, and other perks. Clarity about these benefits can enhance employee satisfaction and retention. Guidance for Managers and Supervisors Employee handbooks are valuable tools for managers and supervisors. They provide guidance on handling employee issues, disciplinary actions, and workplace conflicts consistently and in accordance with company policies and legal requirements. Risk Management By addressing potential workplace issues upfront, employee handbooks can help mitigate risks and prevent disputes or litigation. For instance, policies on harassment prevention, safety protocols, and confidentiality guidelines can protect both employees and the business. Onboarding and Training An employee handbook is an integral part of the onboarding process for new hires. It introduces them to the company culture, values, and expectations right from the start. It can also serve as a reference tool for ongoing training and development. Customization and Flexibility Employee handbooks can be customized to reflect the unique needs and culture of your business. They can be updated periodically to adapt to changing laws, regulations, or company policies, ensuring they remain relevant and effective. Ochroch Law — Your Trusted Small Business Law Firm Every business, regardless of size, should invest in developing and maintaining a comprehensive employee handbook. Not only does it establish clear guidelines and promote a positive work environment, but it also protects the interests of both employers and employees. If you need assistance with drafting or updating your employee handbook to align with Pennsylvania employment laws, Ochroch Law is here to help. Contact us today for a consultation and to learn more.

Why Every Business Needs Fractional General Counsel

12 Feb, 2024
Small businesses face a myriad of legal challenges that can impact their operations, growth, and long-term success. From contract negotiations and regulatory compliance to employment disputes and intellectual property issues, managing the legal intricacies of running a business can be overwhelming, especially for companies without in-house legal expertise. That's where fractional general counsel comes in. At Ochroch Law, we specialize in providing fractional general counsel services to small businesses in Pennsylvania and beyond. Read on to discover why every business needs fractional general counsel and how it can benefit your company. Expert Guidance Without the Overhead Fractional general counsel offers small businesses access to experienced legal professionals on a part-time or as-needed basis, providing expert guidance without the cost of hiring a full-time in-house attorney. This allows businesses to navigate complex legal issues while keeping overhead costs in check. Tailored Legal Solutions Every business is unique, with its own set of legal challenges and priorities. Fractional general counsel services are tailored to the specific needs of each client, providing personalized legal solutions that address the unique challenges and goals of the business. Whether it's drafting contracts, reviewing lease agreements, or advising on compliance matters, fractional general counsel can provide comprehensive legal support tailored to your business needs. Proactive Risk Management Prevention is often the best defense when it comes to legal issues. Fractional general counsel can help businesses identify and mitigate potential risks before they escalate into costly legal disputes. By proactively addressing legal issues and implementing sound legal strategies, businesses can minimize their exposure to liability and protect their interests. Strategic Legal Partner Fractional general counsel serves as a strategic legal partner to small businesses, providing ongoing guidance and support to help businesses handle legal challenges and seize opportunities for growth. Whether it's negotiating deals, resolving disputes, or protecting intellectual property rights, fractional general counsel acts as an extension of the business, working closely with stakeholders to achieve strategic objectives. Cost-Effective Legal Solutions Hiring a full-time in-house attorney can be cost-prohibitive for many small businesses, especially startups and emerging companies with limited resources. Fractional general counsel offers a cost-effective alternative, allowing businesses to access the legal expertise they need on a flexible basis, without the commitment of hiring a full-time employee. Contact Ochroch Law Today Fractional general counsel offers small businesses the opportunity to access personalized legal guidance and solutions, and proactive risk management without the overhead costs of hiring a full-time in-house attorney. Marjorie Ochroch is committed to providing high-quality legal services that fit within the budget of most small and medium-sized businesses. Contact Ochroch Law today for more information on how fractional general counsel can benefit your business and to schedule a consultation.

Common Legal Mistakes of Small Businesses and How Fractional General Counsel Can Help

21 Dec, 2023
The success and sustainability of any small business requires an understanding of the legal aspects of running the business, including addressing any legal issues that arise. However, in the fast-paced world of small business, having a dedicated legal advisor might seem like a luxury that only larger corporations can afford. If you’re unfamiliar with fractional general counsel services, let us introduce you to the concept. This cost-effective approach allows businesses to access the expertise of seasoned legal professionals without the financial burden of hiring a full-time, in-house attorney. Fractional general counsel provides small businesses with on-demand legal support, ensuring that they have timely and strategic advice when needed. These legal professionals become familiar with the intricacies of the business, its industry, and specific legal challenges it may face. By understanding the unique context of the business, fractional general counsel can proactively identify and address potential legal issues, helping small businesses stay compliant and avoid common pitfalls. Top Legal Mistakes for Small Businesses In this article, we will shed light on common legal pitfalls that small businesses frequently encounter and provide insights on how to avoid them. At Ochroch Law, our fractional general counsel services can help you establish a solid legal foundation, avoid unnecessary legal issues, and proactively address any legal issues that arise. Incomplete or Neglected Business Structure Choosing the right structure and the most beneficial place in which to register your business, provides the foundation in establishing your entity and involves many important considerations. Many small businesses make the mistake of either rushing this decision or neglecting it altogether. Ochroch Law recommends a thorough evaluation of the company’s options such as whether to operate as sole proprietorship, or register as a limited liability company, partnership, or corporation. This ensures alignment with the business's future goals and legal obligations. Poorly Drafted Contracts Contracts are the backbone of business relationships, and poorly drafted or generic contracts can lead to disputes and legal headaches. Do not underestimate the importance of customized, well-drafted contracts that clearly outline the rights and responsibilities of all parties involved. This includes agreements with clients, vendors, employees, and any other business partners. Non-Compliance with Employment Laws Employment laws are intricate, and non-compliance can result in severe consequences. Small businesses often make the mistake of overlooking employment regulations. At Ochroch Law, we advise businesses and keep client’s informed about federal and state labor laws, including wage and hour regulations, discrimination laws, and workplace safety standards, avoiding legal troubles and ensuring a fair and lawful work environment. Neglecting Intellectual Property Protection Protecting intellectual property is crucial for businesses relying on unique ideas, branding, or inventions. We cannot overemphasize the importance of patenting original works, trademarking logos, business names, and any unique products or services. Failing to secure intellectual property rights can lead to legal battles and potential loss of business assets. Inadequate Record-Keeping Accurate and organized record-keeping is not only good business practice but also essential for legal compliance. Small businesses often neglect proper bookkeeping, which can lead to issues with tax authorities and regulatory bodies. It is in your best interest to implement efficient record-keeping systems to ensure transparency, facilitate audits, and prevent legal complications. Ignoring Cybersecurity and Data Protection In the digital age, small businesses are vulnerable to cyber threats and data breaches, and there are myriad legal implications of neglecting cybersecurity and data protection measures. Small businesses should invest in secure IT infrastructure, implement data protection policies, and stay compliant with privacy regulations to safeguard sensitive information and maintain customer trust. Contact Ochroch Law Today At Ochroch Law, we understand the challenges that small businesses face in managing legal requirements and regulations. Being proactive and seeking legal advice from the beginning, businesses can avoid these common legal mistakes and establish a solid foundation for growth, mitigating the risk of legal disputes. Early guidance can save you time, money, and headaches down the road. With fractional general counsel, you can have an “in-house attorney” at a fraction of the cost. Contact Ochroch Law for personalized legal solutions and to learn more.
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