As you redouble your efforts to get your new business off the ground, the last thing you need is to be faced with unpleasant surprises along the way. By hiring expert commercial lawyers from the start, you can reduce the likelihood of lawsuits and liability. Most small business entrepreneurs often worry if they can afford to hire a lawyer amidst other heavy expenses; after all, small businesses are often strapped for cash and they hardly have any extra for legal fees. The truth of the matter is that legal fees are often much more affordable than people believe. The nominal charges for hiring legal assistance can help prove you with comfort and security knowing that your business interests are protected.

There are likely to be adverse financial implications if you postpone seeking legal assistance. Most people tend to hire legal help only when they are actually confronted with a problem (for example, a customer may sue you). Choosing to invest a nominal amount of money in seeking legal assistance will help you save money and protect your business because there is less likelihood of unpleasant shocks along the way. Prevention is always better than cure especially where business interests are concerned.

As you start your business, there are several areas where a lawyer can help you out:

• Creating a business agreement if your business is owned by more than one individual
• Preparing employment contracts if you plan to hire people to work for you
• Helping you acquire the required licenses and permits for your business in Australia; the absence of the correct licences can invalidate the legitimacy of your business. In addition to licenses, your business may also need to comply with other standards
• Preparation of commercial agreements in order to transact business with vendors and independent contractors etc
• Helping you understand copyright and infringement issues; you are less likely to be sued for copyright when you have a lawyer looking out for your best interests

In addition, commercial lawyers can also help negotiate the purchase or sale of assets on your behalf. While lawyers can help resolve legal issues, your emphasis should be to prevent their occurrence altogether and this is why it’s a good idea to seek the services of a competent lawyer. Hiring a lawyer at the start helps you understand multiple issues at the right time thus preventing headaches at a later stage. A good lawyer will explain the important rules of Australian business laws including minimum wages and discrimination (based on gender, age etc) and so on. Improved awareness and knowledge of issues can help reduce stress, confusion and losses at a later stage.