Business and contracts, also known as Business Law will be at the core of almost everything you do, whether you are an individual, business start-up, s-corporation (s-corp), limited liability company (LLC), non-profit organization or any other business entity. A contract is simply an oral or written agreement between two parties where one party promises to do something in exchange for something of value. The most important thing to know is contracts are binding and meant to protect the parties involved. An attorney is the best resource to make sure your interests within the contract are reflected, appropriately and accurately.
With easy access to online resources such as Legal Zoom, it’s tempting to approach business law as a do-it-yourself (DIY) method. While it’s a great way to educate yourself, these online ‘app’ resources do not take individual circumstances, local laws or necessary exclusions into consideration. Even if there’s opportunity to answer personal or professional questions to customize the form, they may not be asking the right questions.
Since most business transactions are related to your biggest assets they’re also usually the most life-impacting. The cost of retaining expert legal advice on the front end will pale in comparison to the liability you may later incur for errors or omissions.