Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
How Stagflation Effects Stocks - 5th Dec 21
Bitcoin FLASH CRASH! Cryptos Blood Bath as Exchanges Run Stops, An Early Christmas Present for Some? - 5th Dec 21
TESCO Pre Omicron Panic Christmas Decorations Festive Shop 2021 - 5th Dec 21
Dow Stock Market Trend Forecast Into Mid 2022 - 4th Dec 21
INVESTING LESSON - Give your Portfolio Some Breathing Space - 4th Dec 21
Don’t Get Yourself Into a Bull Trap With Gold - 4th Dec 21
4 Tips To Help You Take Better Care Of Your Personal Finances- 4th Dec 21
What Is A Golden Cross Pattern In Trading? - 4th Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - Part 2 - 3rd Dec 21
Stock Market Major Turning Point Taking Place - 3rd Dec 21
The Masters of the Universe and Gold - 3rd Dec 21
This simple Stock Market mindset shift could help you make millions - 3rd Dec 21
Will the Glasgow Summit (COP26) Affect Energy Prices? - 3rd Dec 21
Peloton 35% CRASH a Lesson of What Happens When One Over Pays for a Loss Making Growth Stock - 1st Dec 21
Stock Market Sentiment Speaks: I Fear For Retirees For The Next 20 Years - 1st Dec 21 t
Will the Anointed Finanical Experts Get It Wrong Again? - 1st Dec 21
Main Differences Between the UK and Canadian Gaming Markets - 1st Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Tips on How to Get a Business Attorney

Companies / SME Jul 03, 2021 - 04:32 PM GMT

By: Dylan_Moran

Companies Every business, regardless of its size or how long it has been around, should have a good lawyer on its side. There's just no knowing when legal issues could come up, and even innocent mistakes can cause a good deal of trouble for business owners. Read on to find some tips for how to get the best attorney for any business.

1. Know What to Look For

The first step to finding a good business attorney is knowing what kinds of legal help the company might need. It's always best for business owners to hire a lawyer before they encounter any kind of legal trouble, but for reference, here are a few circumstances that warrant finding a lawyer.

  •  It's time to choose a business entity.
  • Business owners want to raise venture capital.
  • Partners must draft a founder agreement.
  • A contract needs to be reviewed.
  • There have been issues with labor law compliance.
  • It's time to obtain a trademark or patent.

The business owner has questions about commercial real estate.

The reason it's so important to know which of these situations might apply is that some business attorneys practice only specific areas of business law. Business owners can hire an Austin Real Estate Lawyer for leasing questions, a trademark lawyer for help with obtaining IP protection, and a labor law attorney for employment issues. Alternatively, they can work with firms that offer more comprehensive legal services.

2. Compare Options Wisely

It's best to treat finding a business attorney just like seeking out any kind of professional help. Choose a few local law firms and schedule meetings with multiple attorneys to increase the chances that one of them will be a good fit. During the interview, ask questions about the firm's fee schedules, experience level, communication preferences, and potential conflicts of interest.

Make sure to compare apples to apples. If one attorney only offers help with drawing up contracts and another one is willing to represent the company in an employee-filed suit, those two lawyers are not offering the same services. In most cases, it's best to look for law firms that have multiple lawyers on their staff to accommodate a variety of client needs.

3. Stick to the Budget

Small business owners know how important it is to stick to their budgets. While money shouldn't be the top concern when finding a qualified business attorney, it makes most people's lists. Generally speaking, hourly billing rates start at $150 and can extend to more than $1,000 per hour. Some lawyers also charge flat fees or contingency fees, and most will offer retainer agreements.

Get the fee schedule in writing and make sure it's clear before signing on the dotted line. It can be hard to figure out how different fee schedules will impact the company's bottom line. When in doubt, consult an attorney.

Final Thoughts

No matter how hesitant business owners are to admit it, legal problems are almost inevitable. That's why every business should have a lawyer on retainer. If anything comes up, the business owner will know immediately who to call and the lawyer will already have an idea of what to expect. 

Taking the time to find a business attorney or law firm that will offer a good fit now can eliminate a huge number of hassles and headaches in the future. Follow the tips\

By Dylan M.

© 2021 Copyright Dylan M. - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in