When you're badly injured, the last thing you want to think about is filling out paperwork, searching for an attorney, or trying to gather evidence. Yet, these steps are necessary if you want to collect the compensation you deserve due to someone else's negligence. The more you know about personal injury cases and hiring an attorney, the less stressful this time will be.
We've created this website to offer basic personal injury law advice for anyone who has been injured or who may become injured in the future. Keep in mind that if you've been injured in a car accident, due to medical neglect, or even by slipping in someone else's parking lot, your case qualifies a personal injury case — and thus you'll find our collection of articles relevant.
If you run a small business, you may not think about the services of an attorney as being necessary on a day-to-day basis. Yet legal representation is absolutely crucial if you are planning to conduct a major transaction in the near future. Take a look below at just three of the reasons why having a lawyer who knows the ins and outs of business transaction law is so important.
Eliminating Unfavorable Terms
The terms of any transaction can be confusing and filled with legal jargon. If you simply trust that the language is fair to both parties involved, then you run the very real risk of agreeing to terms that are unfavorable at best and leave you at an extreme disadvantage at worst in certain situations. In fact, hiring an attorney to read through the terms of a transaction can actually save you a substantial amount of money in this regard; plus, knowing that a lawyer has considered and approved the terms can bring with it peace of mind that is hard to put a price on.
Ensuring Legal Compliance
Even if you are confident that you understand how the terms of a transaction affect your business, you might be unaware of a small technicality that violates local, state, or federal law. If this is the case, then you may be faced with lawsuits, fines, or worse. One of the main reasons many people hire the services of an attorney who works in business transaction law is to ensure that no laws — even the most obscure ones — are violated in the process of the transaction. This is especially valuable when multiple contracts are themselves considered part of the transaction.
Taking Advantage of Tax Law
What many small business owners may not realize when they are in the middle of determining the terms of a transaction is that those terms will have directly relevant consequences beyond the transaction itself. Many of the most important consequences have to do with taxes that are either imposed or no longer apply because of certain aspects of a transaction. Fortunately, it is often the case that attorneys who assist in business transactions can also provide advice regarding which decisions provide the greatest number of tax advantages. Simply assuming that there are no tax laws or circumstances to take advantage of is likely to mean your business loses out on a substantial amount of money.
Contact a business transaction law firm like Boynton Waldron Doleac Woodman & Scott P.A. to learn more.