There are countless things to consider when operating a small business.  One question you are sure to come across is whether it is necessary to hire a lawyer for your small business needs.  While you may not need a lawyer for every aspect of your business operations, there are matters that will require the skills and experience of a legal professional. Below are just a few legal issues a business lawyer can happily assist you with.

  1. Lawsuits

You should not wait until you have been sued to hire a lawyer. You should instead be proactive and hire a lawyer to help you get all your legal affairs in order, so you can avoid lawsuits in the first place. In the event that you are sued, retaining a lawyer will likely help in reducing further liability and, in some cases, your matter may be resolved before it reaches the courts.

  1. Contracts

You should always use a lawyer when drafting or negotiating a business contract of any kind. Your lawyer will ensure you fully understand the agreement before signing and will be able to identify any unfavourable terms. When your lawyer drafts or reviews a contract, they will also ensure that all relevant matters are addressed.

  1. Lease agreements

If you are looking to lease commercial space for your business ventures, it would be beneficial to consult with your business lawyer before signing on that dotted line. Your commercial lease lawyer will review your commercial lease agreement to ensure that the terms of the agreement are fair and in your best interests.

  1. Business incorporation

If you are thinking of incorporating your business, you should know that the process involves much more than paying the required fees and collecting a certificate. There could be legal implications if the process is done incorrectly. An experienced lawyer, who is well versed in the field of business organizations, will provide legal advice to ensure you comply with relevant provisions and regulations.

  1. Buying and selling a business

Buying or selling a business is a complex process. During the process, a purchase and sale agreement lawyer will help with the business valuation, acquisition and purchasing agreements, and the transfer of permits and licenses. 

Do you need a small business lawyer in Calgary?

These are just some of the business matters that may require the services of a lawyer. If you need help with such matters or any other legal issues relating to your small business in Calgary, contact us at Badyal Toor. Badyal Toor is a full-service law firm with contemporary approaches to legal problems and we will work with you to determine the best solutions for your business needs. So, give us a call today to schedule a consultation or if you have questions about our services.