The Small Business Administration or SBA is a government entity that gives support and resources to small businesses and entrepreneurs. If you are starting a small business, the SBA can offer assistance in training, education, financing, and contracts with the government. Its aim is to keep small businesses doing well and thriving. It also establishes a definition of what constitutes a small business according to each industry. This way, if you are the owner of a small business, you can feel protected and have the tools to promote your business.
Why is it important to know if you fall within the small business definition of the SBA?
By falling within the small definition of the SBA, you can receive support to go against bigger competitors. You may also be eligible to receive business loans from the government, win contracts with the government and access general tools that can help you compete in today’s business environment.
However, when it comes to legal matters, you may want to work with your own business lawyer to get issues pertaining to your business resolved.
How do you select the right small business attorney for your small business?
As a small business owner, you may feel that they need to have a lawyer is not your first priority. Yet, you may not want to wait until the moment when you are in a bind to rush out and find someone you can trust and who can understand what you and your business are all about.
Running a successful business is all about anticipating needs and choosing the right lawyer is definitely up there. Here is a shortlist to get you started finding the right lawyer:
- Get in touch with colleagues and ask them what lawyer they are using
- Contact the bar association and check out profiles that look promising for your needs
- Find a lawyer through a lawyer referral service
- Ask another lawyer, if you know one
Should you focus solely on cost?
There is a widespread perception that lawyers are always expensive. As such, if you run a small business, you might not even consider a lawyer until much later on, when things are more financially fluid. However, problems tend to pop up when one least expects them and hiring legal help when the dispute or lawsuit is upon you may not help you make the right decision.
Also, working with a lawyer from the beginning may prevent you from finding yourself in a litigious situation, to begin with. A lawyer can not only help you with every step needed to set up your business correctly but can also make sure you have the necessary documents, licenses, and paperwork to avoid many problems in the future.
When issues such as problems with present or past employees crop up when government entities file a complaint against your business when environmental issues arise regarding your business practices when your business has received an offer to be acquired, when you want to introduce a partner or put your business up for sale, a lawyer has to be by your side.
Have a look at thebusinessbreakupattorney.com to find out all you need about hiring the right lawyer for your business and get the peace of mind you want. Focus your energies on the success of your business and leave the legal aspects to the experts.