Don’t DIY Disaster: When It’s Time to Lawyer Up
By: A Staff Writer
Updated on: Sep 03, 2024
Trying to handle complex legal stuff yourself is a recipe for costly mistakes. Know when to call the pros:
- Business Structure Matters: Sole prop vs. LLC has HUGE tax/liability differences… get it right early.
- Contracts are King/Queen: Solid templates are good, lawyer-drafted for complex deals is better.
- Protecting Your IP: If your work is unique (code, designs, etc.), trademarks etc. are essential.
- Red Flag Phrases: “Sue you” or similar threats, DON’T try to handle that solo.
- Major Money Moves: Buying biz, big partnerships, etc., you need an expert on your side.
- Gut Feeling is Legit: If something feels off, get a legal opinion for peace of mind.
Think of a lawyer as insurance against problems that could bankrupt your business.
An ounce of prevention is worth a pound of legal battles down the line.
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