5 reasons why an entrepreneur needs a lawyer

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The day in which Robert de Niro, back in 1991, in the film the Cape of Fear, said: “Lawyer, lawyer, … are you there?”, Surely in his subconscious he was thinking of becoming an entrepreneur.

Keep in mind that here at RS Chase Lawyers we will offer the assistance you require in order to improve your decisions on a daily basis and we will also offer you the protection you need in order to keep developing your business without any external issues. Contact us today for more information regarding the range of services we can offer and receive utmost legal representation.

All the activity that surrounds the start-up of a business implies that the entrepreneurs are exposed to numerous decisions that can compromise their future as an entrepreneur. Knowing the risk that runs, it may be time to know some reasons why the entrepreneur needs a lawyer:

The contracts

The revision of day-to-day contracts is a fundamental task. The entrepreneur, especially at the beginning, usually engages with a huge number of suppliers, customers or other economic agents. In this sense, it is just at that moment where the entrepreneur acquires the biggest and most lasting commitments, being able to make mistakes due to his inexperience.

A clear example is the contract of the premises, where, unintentionally, we can incur penalties for cancelling it early or accepting an aspect that at the sight of a lawyer could be abusive clauses.

Recruitment or dismissal of employees

The incorporation or dismissal of workers is one of the parts that most concern employers. If there is something that should be delegated to professionals, it is at the moment of hiring an employee or firing him or her because of the economic impact that may have on the company’s accounts.

When incorporating a worker must take into account many aspects: compliance with the collective agreement, the approach of the employment contract, salary or duration. But equally, we must not neglect contractual agreements regarding aspects such as confidentiality or exclusivity as advised by these lawyers for SMEs.

The dismissal of a worker can be traumatic, and not only for the human part. It is very easy for an inexperienced entrepreneur to make the mistake of, even if he is right, because he does not have a lawyer, to convert a simple dismissal into an irrelevant one.

The constitution of the company

The constitution of the company, especially if we speak of a Limited Company, requires to be well advised. Relate to the notary, the distribution of social capital, the role of each partner or the statutes as a tool that makes the company work are aspects that we should not do alone.

The public administrations

The bureaucracy is one of the main historical complaints of entrepreneurs and not only is solved with patience. Administrative law and how we relate to public administrations require that we deal with a specialist who helps us resolve all administrative procedures.

Data protection

In recent years, and especially with the new Data Protection Regulation, the relationships we have with our clients or suppliers are affected by the constant threat of severe sanctions if we do not comply with the Law.

Having all our databases prepared and the documentation that demonstrates that they have given us the express consent are basic elements that the entrepreneur may not know how to solve by himself.

Lawyer for Entrepreneurs. How can you help me?

It seems that the word businessman no longer existed. It seems that it would have been replaced by an entrepreneur. There are those who talk about bubble, fleeting fashion, … We see it more as a new cycle. It is true that the number of publications and experts in entrepreneurship is excessive, but time and, above all, the market will deflate it.

It’s been a while since we entered a new era. And of course, globalisation and technologies have also changed the entrepreneur profile. In effect, they are now called an entrepreneur, the former self-employed, founder of an SME, the future owner of a family or visionary company that will transform some business sector.

It is normal to find someone that searching the internet they had barely found offices aimed at small businesses. At the beginning we did not understand him, we thought that most business consultancies have that same focus. But then he realised that he meant that few professionals offer to work on the first reality of an entrepreneur: create a small business. Because when resources are limited, starting is a very delicate process in which uncertainty can take all the illusion (and energy) at a stroke. It does not matter that the entrepreneur thinks more or less in a big way, the reality is that they are starting. In some way, the message of our website fulfilled its objective: to offer ourselves as the legal accomplice in that art to begin with. To a large extent, being a lawyer or advisor for entrepreneurs is helping to practice bootstrapping in the fiscal, accounting, labour or commercial areas.

Later, the entrepreneur manifests other needs. Depending on your business model, our work remains in the business consultancy or can be extended with the profile of start-ups to other services in the commercial area or the law of new technologies. In both cases we try to be as professional as possible and improve our technical knowledge day by day. But we think the main value is the ability to empathize with the entrepreneur-self-entrepreneur-CEO of start-ups. A lawyer for entrepreneurs must know how to work at his side, from the core of his business model, with the same passion and dedication for his company that he puts himself.

 

In conclusion, we see daily how the figure of the entrepreneur is changing. They also have to transform the profile and services that a professional need for a company such as the lawyer / advisor.

Here at RS Chase you will receive legal assistance to ensure you are making the right decision regarding your assets and how to protect them from potential future litigations.

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