One of the biggest mistakes that you can make as a business owner is to not hire a lawyer to represent your company. Ideally, you should hire a commercial lawyer right at the beginning, before you even incorporate your business.
That’s because the business world has a lot of unpredictability and you never know when the worst case scenario will happen. In fact, it’s easy for a small business to make a costly mistake that could devastate its reputation and financial position. Don’t let that happen to you.
Hire a commercial lawyer to ensure that you only make decisions that will benefit your company. They’ll walk with you every step of the way, from incorporating your business to leasing your first premises and dealing with employee-related matters. Your lawyer will also provide you with valuable advice and legal counsel to help you avoid making unnecessary legal errors.
Why should you hire a Commercial Lawyer in Perth?
If you’re still on the fence about hiring Perth commercial lawyers, you should consider the following reasons before you make your final decision.
They have expertise that you don’t have
Commercial law is a complex subject that takes years and even decades to master. It’s regulated by a set of laws that determine how business should operate, how lease agreements should be drawn up, how negotiations should be done and it even dictates the sale of goods.
As a business owner, you simply have too much to deal with on a daily basis to spend time learning the ins and outs of commercial law. You need to focus on the most important aspect of running your business, which is making sure that it’s profitable and thriving.
That’s why need to hire experts that actually practice law for a living. While you may know a few pieces of relevant legislation, you won’t have the same depth of knowledge that a commercial lawyer can provide. In addition to studying law, commercial lawyers have years of experience in dealing with real-life cases which gives them an edge over any business owner that has limited knowledge on the subject.
Of course, you can always set aside some time to study commercial law but it would be too time-consuming for you to keep up with constantly changing legislation. Rather hire someone whose job it is to continuously sharpen their legal expertise and let them handle all the legal aspects of running your business.
Commercial lawyers know all there is to know about business law so they’ll help you make smart business decisions and avoid getting into trouble with the law.
They’ll protect your business interests
A commercial lawyer will have your business’ best interests at heart when advising you about investments and other decisions that relate to your company. With a commercial layer by your side, you’ll never find yourself on the wrong side of the law.
They’ll help you maintain positive relations with all your clients, suppliers and employees by engaging with them based on clear terms and conditions written are in black and white. No ambiguities, no room for error.
For best results, be sure to hire a commercial lawyer that’s based in Perth so that they’re easily accessible when you need them. While there are plenty of methods that you can use to communicate with your lawyer remotely, it’s always good to know that you can meet with them in person when you need to. There are also sensitive circumstances that may require in-person interaction, so your lawyer should be on speed-dial and available to meet with at a moment’s notice.
They’ll provide you with varying perspectives
The key to making it through a litigation case unscathed is to operate from a place of knowledge and understanding. But, for that to happen you need to be aware of all your options. A commercial lawyer will give you a play-by-play of all the possibilities available to you, and their ramifications, explained in terms that are simple to understand.
Realize that the law is nuanced and there are several ways to interpret any situation. Every single detail matters and the prospect of facing a litigation case on your own can be confusing and even overwhelming to say the least. It’s easy to misinterpret something when you don’t have all the information at your disposal, and your lawyer will be there to fill in the gaps.
Basically, hiring a lawyer is a great way to guarantee that you come out on top in every legal situation that you’re faced with.
You’ll get a better understanding of the law
There’s no denying that legal jargon can be difficult to understand and frustrating to navigate, especially if you don’t have someone to explain it to you. That’s why a lot of business owners end up signing dodgy contracts and legal agreements that get them into trouble.
A commercial lawyer will help you avoid all that by clearly explaining the definition of each legal term that you don’t understand. He’ll make sure that you understand the context of the document while providing you with helpful insights on how to proceed in a beneficial manner.
After all, who better to help you understand the law than a qualified and experienced legal professional? Your commercial lawyer will do all they can to keep you updated on all the latest developments in company law. They’ll ensure that you understand your legal obligations and rights as a business owner, which is something that most start-ups owners fall short of.
Your lawyer will also ensure that you have a strategy in place that allows you to deal with any possible adversity that your business may face. This includes employee disputes, negative comments about your business and any other scenarios that may have a negative effect on your brand.
Compliance and risk management will be effortless as well, since your lawyer will do everything possible to make sure that you avoid placing your company in unnecessary jeopardy. In a nutshell, hiring a lawyer will guarantee that you take the right action in every situation.
They’ll help you decide if litigation is the right step to take
When you find yourself in a situation that requires you to choose between litigation and an alternative action, it’s wise to proceed with great caution. Without proper counsel you could easily end up taking a course of action that will cost your business dearly in the long run.
A commercial lawyer will provide you with valuable advice on how to proceed in such situations without compromising your business. They’ll arm you with the right legal knowledge that you need to make an informed decision.
Instead of leading with your emotion you’ll make your decisions based on expert legal advice and tenable facts. There are plenty of alternatives to litigation that your lawyer will explore and explain to you so that you don’t feel alone when going through this and other legal storms.
Take preventative measures
Lawyers are good at anticipating a business’ teething problems before they arise and they’ll help you take necessary action to avoid getting into trouble. Prevention is better than cure after all, and you’re better off seeking advice from a legal expert on how to remain on the offence instead of always being on the defense.
Your lawyer will also help you maintain mutually beneficial relations with your employees and customers alike. It’s easy to run into problems with stakeholders due to a lack of communication or because you don’t have the rules of engagement written down. A commercial lawyer will help you draft proper terms and conditions that you can use to manage different relationships.
There’s a legal aspect to running a business that you cannot avoid or escape. Hiring a commercial lawyer will make it easier for you to navigate the law and remain proactive in all your dealings with customers, suppliers and other stakeholders in your business.
Your lawyer will also provide you with legal expert advice that’s tailored to your business and designed to protect your brand reputation. As they say, ‘knowledge is power’ and when you have someone that keeps you updated on the latest legislation changes you’ll be in a better position to make legally beneficial decisions.
Keep in mind that at some point you will come across legal issues that will affect the profitability of your business. Instead of looking for a lawyer when you’re facing legal problems, rather start working with one early on in your business journey so you can avoid getting into trouble in the first place. Your attorney will deliberate with you over the best possible outcome for each situation, drawing on their experience to provide you with relevant examples. They’ll also help to mitigate the risks that your business might face so that you only make smart investment decisions.