Nothing is as lucrative as running a business, but at the same time owning an organization makes one vulnerable to several regulatory and financial risks. But you can combat all these uncertainties by hiring a lawyer for your business firm. Having a lawyer gives you an added advantage legitimately as well as fiscally. However big or small your organization is, it is crucial that you hire a lawyer who can assist you in understanding the corporate law and federal regulations. Here’s how your lawyer can help you make smart business decisions. Lawsuits In most cases businesses won’t hire a lawyer, until they are dealing with a lawsuit, and this is especially true for small businesses. In this age, it is extremely easy to get caught in legal hassles due to intellectual property rights and third party allegations. Having a lawyer will ensure that you are prepared with preventive measures and are well acquainted with the legal protocols. Hiring a lawyer, after the litigation has been filed can cause a considerable amount of damage to your business and financial resources as well. Therefore, make sure that you already have one to safeguard the legal and monetary interests of your organization. Authorized Paperwork and agreements A lawyer can help you put together your paperwork for permits and licenses for your organization.