Running a successful business requires a backup team of professionals, including an employment attorney. No one person can be an expert in everything. If you are trying to run a company, you have enough responsibilities managing your employees and creating a top quality product or service. You also need an accountant, licensed contractors for your physical plant, in addition to a lawyer who specializes in guiding business owners.
It takes a special type of financial expertise to handle the bookkeeping, taxes, and payroll of a company. Even with computer software designed to make this task user-friendlier, you need the support of a professional. Tax laws change every year. When you are a business owner, you have to pay quarterly and/or annual taxes. Paychecks must be calculated correctly and all deductions sent to the appropriate place, such as social security, workers compensation, and taxes. You might be able to make do with a bookkeeping service for much of balancing the books, but by fiscal year end you’ll need a Certified Public Accountant, otherwise known as a CPA.
Even if you’re not planning to build a brand new building, there will be plenty of licensed contractors needed during the course of running a company. Need to add new restrooms? You’ll need a licensed plumber to complete the task. Need to install lights in your parking lot? You’ll need to have an electrician complete the job. In order to be compliant with municipal codes, you need to have a fire inspection each year. A licensed contractor will need to wire all your alarm systems, smoke detectors, and service your fire extinguishers. If you need to remodel or build a new wing on your building, you’ll need a contractor who specializes in commercial facilities.
For all employee related legal matters, you’ll need an employment attorney. While managing workers at your company, you’ll come across multiple situations where you will need advice. Some examples are claims of sexual harassment, drug problems, theft, complaints, contracts, company policies, on-the-job injuries, or even questions about medical leave. You want to be fair to your employees and protect your business at the same time. Sometimes it’s hard to know exactly what to do legally. That’s where an employment attorney comes in. When you have this professional on your support team, you can ask for help when you need it.
Although running your own company is rewarding in many ways, it can also be challenging. No one person can have expertise in all things. Your best bet is to focus on what you know best: producing a top quality product or service. Leave the other professional details to your supportive team of accountant, licensed contractors, and your employment attorney.