Every kind of company needs legal advice at some point in time. From vendor relationships to employment law, regulation compliance, taxes and payroll matters, the day-to-day operation of your company presents a host of challenges. At one time, hiring an attorney was seen as a sign of privilege; today hiring a business lawyer is seen as crucial to the success of your small business. There are several types of law firms that specialize in employment law, corporation law, and other areas of business law.
Employment lawyers are generally generalists who focus on issues that affect the employment of individuals. They may focus on discrimination, whistle blowing, worker’s compensation, minimum wage laws, and other employment-related matters. These lawyers also provide specialized coverage for small businesses, partnerships, and franchised operations. When choosing small business law in Chicago lawyers who focus on employment law will provide you with the experience you need to grow your business.
Corporation attorneys represent the small business owner who owns a corporation. They focus on all the requirements needed to run a corporation, such as operating procedures, corporate charters, board of directors, and shareholders. Because a corporation requires many elements, it is important to retain an experienced business lawyer to handle all of the legal aspects of operating your business. Along with employment issues these lawyers will also handle any disputes between employees and the corporation. In addition, these lawyers will review mergers and acquisitions and provide comprehensive employment law coverage.
Estate planning lawyers help establish a plan for your final assets. Once your death has been confirmed, your estate may not contain enough assets to cover your needs. In this situation, your estate planning attorney will help you organize your assets so you have enough money to properly fund your family’s needs after your death. Because large estates are common under these situations, estate planning attorneys will work with you to establish an appropriate plan. In some cases they will even provide legal counsel to handle the distribution of funds.
Franchise attorneys handle all matters related to franchise businesses. Whether a person wants to open a restaurant, buy a franchised outlet, or open a manufacturing plant, they will want to consult with a franchise attorney to establish that their franchise is legally legitimate.
These business legal professionals can also assist with licensing requirements and ensure that the franchise agreement complies with all applicable regulations. Because franchise businesses are unique, hiring an attorney to handle the complex legal aspects can be essential for future success. Finding a qualified attorney can help you navigate all of the legal requirements of opening up a new franchise location or expand an existing one.
Small business owners face unique employment issues. In addition to employment discrimination, workers’ compensation coverage, and other employment issues, these business owners may also be responsible for providing workers with union representation and other benefits. When employers violate the rights of employees, workers can take legal action under a number of federal and state laws. Because these lawyers specialize in employment law, they can advise business owners on the proper procedures for maintaining a safe and fair workplace.