Every business requires a legal representation due to the complex rules and regulations of every state. A lawyer or attorney can be considered to be a very expensive individual or as a huge asset for the business. It depends on how you as a businessperson consider lawyers to be. It is always up to you to make that choice.
If you have not hired a business attorney yet and are contemplating to get one, the process can seem to be quite daunting. See your ultimate aim should be to have a mutually-beneficial business relationship for the long-term. If that is set in your mind and complies with your organization’s funds, you can achieve the goal.
Here are some tips or ways to select the right lawyer for your business.
List down the need to hire a lawyer. Once you are clear with why and when you need to hire a lawyer, the easier it will be for you to initiate this relationship and start getting good legal advice for the benefit of the business.
Start contacting business lawyers and ask them what are their rates for initial consultation of forming a business. For example, Adam Kutner is an attorney in personal injury practice who provides free initial consultation and has fixed fees or hourly rates. He is ranked among the top 100 trial lawyers in Las Vegas.
If you plan to form a partnership firm, then enter into a lease, get money from investors and launch your product. However, all these activities need to also ensure that your legal rights are protected.
Focus on which type of lawyer you want. If you are coming up with a corporation or LLC, you need to consult your lawyer to put together a partnership agreement or even draft common business contracts.
Your lawyer should assist you in getting a trademark of business, be willing to give you long-term legal counsel for your business and possesses a specialization in handling business related matters.
A general business attorney should be someone who understands your needs, knows the market trends and anticipates the future legal challenges related to your business. A legal counsel should be willing to learn and understand the in and out about your company even if you change the line of business or come up with an entirely new product.
Your legal strategy should include who your main customers and strategic partners are and how do you plan to maintain short-term or long-term relationship with them. A basic interest to support your business from all the legal hassles is what you should usually expect from your attorney.
Since you are in the start of your business, having an own in-house legal department will not fit in to your budget. So, pick up a law firm that suits your business needs whether it is big or small. Even solo practitioners are also helpful at times. Working with a large law firm is acceptable if your business has to deal with very complex lawsuits.