You wake up one morning after a thunderstorm-filled night to find your driveway filled with roofing shingles, the problem being they’re from your roof and you didn’t order them. You don’t think twice …you call a roofer.
You turn on your kitchen tap only to find a torrent of water flowing from beneath your sink into the cabinet below. Unless you’re handy with plumbing, you don’t think twice…you call a plumber.
Every time you turn on your microwave or your air conditioner cycles on, one of your circuit breakers blow. You don’t think twice…you call an electrician.
Well, and I’m not merely being self-serving here, there are times when you should not think twice…you should call a lawyer. Here are some examples of when you should call a lawyer: [These are not meant to be all-inclusive.]
1. You have children. In the event that you and your partner and not your kids happen to be traveling on the wrong plane at the wrong time or be in the wrong country at the wrong time or hit an icy patch of road and meet your demise, who will take care of your child or children. You should have a friend or relative you can trust and who shares your values and who your children know be selected as a guardian and you should have a clause naming that guardian included in you and your partner’s wills. Of course let the guardian know first.
2. You have irresponsible children. If you have one or more children who like to spend lots of money on the wrong things and, in the event of your demise, stand to obtain lots of money, you might want to set up your will or trust in such a way that they can’t use your money when you’re dead in ways that you would not want them to use your money when you were alive.
3. To have a will and/or trust prepared.
4. When you start a business. One of my favorite things not to do is incorporate and then call a lawyer and ask them to trademark your name. First, ask a lawyer to see if the name is available, then incorporate or set up a limited liability company (whichever is appropriate in your circumstances) in that name, assuming that it’s available, and then, if you wish to register that name as a trademark, do so in the corporate or limited liability company’s name. See http://markscounsel.com/tips-from-a-seasoned-lawyer/
5. When you start a business. To enjoy the advantages of protecting yourself from personal liability from the liabilities of the business, either incorporate it or form a limited liability company. If the business is intended to remain in the hands of a small group of original owners or is created for a limited purpose, such as to build a building and then sell it, a limited liability company offers the advantage of simplicity in terms of legal requirements. However, if you intend to seek additional investors in the business in the future or sell the business to Google, then incorporate as you can issue securities (shares) in the business to those investors and raise capital as that business grows. [Note that there are other ways to finance a business, e.g., though loans or lines of credit with a financial institution.] Also, note that if you incorporate in Delaware or Nevada, if your company actually does business in Illinois, you will need to file an application for authority to transact business in Illinois, pay franchise taxes here and, in doing so, perhaps disclose information that you incorporated in Nevada to avoid disclosing.
6. When you start a business. If you have partners, you probably want a partnership agreement with them. If you hire a key employee, e.g., a programmer who will have access to your business’ key data and operations, you probably want to have her sign an employment agreement. If your business involves an innovative product or service you will probably want all of your employees to sign confidentiality and non-disclosure agreements.
7. When you develop that innovative product or service, whether you’re an individual, a corporation or a limited liability company, you will need to protect it from being stolen by your employees or your competitors. There are things you can do to do this, by protecting it as a trade secret, by patenting it, or by copyrighting it; if it is in the form of computer code, or if it’s a board game or recording or motion picture, for example.
8. When you sell those goods or services, to protect your brand by registering that brand as a trademark or service mark. See http://markscounsel.com/dont-wait-to-register-your-mark/
9. When you set up your website, if you hire a developer to do it for you, to make sure that you own the rights to it. See http://markscounsel.com/selecting-domain-name/
10. When you get a demand letter from a lawyer, whether it’s asking you to stop having your dog poop on your neighbor’s lawn or asking you to stop infringing a competitor’s trademark or asking you to stop using a domain name, don’t try to handle it yourself. Even if you think the claim is baseless, obviously, the sender doesn’t believe so, otherwise he wouldn’t have gone to the expense of retaining a lawyer to write a letter and, presumably, that lawyer didn’t take the complainant’s money if he didn’t think the complainant had a winnable case. So, get a lawyer involved and quickly. As unpleasant as dealing with the matter may seem at first, going to court, which you may be able to avoid, will be a lot more unpleasant and expensive.
11. When you buy or sell a house or condo. You should have a lawyer review the contract or prepare the contract if you are selling it yourself. He may raise issues that could get you a better price on either the purchase or sale or advise you on how to do so.
12. There are many other instances I could raise. I don’t practice matrimonial law so I won’t advise you to get a prenup or whether you need a divorce lawyer; if you’re not sure, call a lawyer…
