Starting a new business is a worrisome experience for many young entrepreneurs. Very many problems affect small businesses. Among them are the various legal issues common in our litigious society.
Some of the legal issues that face a business are fairly straightforward and easy to solve. A small business owner can sort them with minimal assistance from small business lawyer NYC. However, some of these issues may be too complex with serious legal ramifications such that it will much better for you if you have a business attorney by your side for legal counsel. Issues such as setting up partnerships, getting trademarks, patents, pension plans, tax plans, and employee contracts can result in liability lawsuits.
To avoid litigation, having a lawyer for your business is a smart move. A relationship between you and your business lawyer should be cultivated at the beginning. You should lay the groundwork for a successful partnership right at the beginning.
- Ask what they charge for your type of business
When starting a business, you very likely will be very conscious of your expenditure. You need to find out upfront whether the attorney is within your price range. Good attorneys know the exact cost and time it would take them to do whatever you need them to do. They should be able to provide an accurate price range. This will save you from going through the rigorous vetting process with someone who is outside your budget.
- Find out about the attorneys availability
You need to find out if they would be available for meetings at your convenience and not theirs. Find out if they would return emergency calls. Some of the legal issues affecting a business are time conscious and require prompt resolution. A good attorney should be available for your business at all times.
- The attorney’s specialty and experience
You should consider choosing a lawyer who specializes in your type of business. They should have some experience handling legal issues that normally affect small businesses. Having experienced lawyers makes it easy for a business owner to trust their judgment.
- Good communication
You should look for a lawyer who understands your needs and communicates to you in the easiest way possible to understand. He should explain all your available options using his experience dealing with similar problems. Lawyers who speak ‘legalese’ are not recommended.
- Ask for references
Find out about what type of legal business cases they worked on before. Get contacts of previous clients or attorneys they have worked with to inquire about competence and services offered.
- Do not put pay a retainer without knowing all the conditions pertaining to it. You may lose your money in the event of partnership termination. Some lawyers do not refund the balance of the retainer.
- Do not go for lawyers who delegate their work to their staff members. As a business owner putting your business at risk, ask upfront if they would directly work the case or someone else on their firm would.
- Do not consider lawyers who cannot go with your case to trial. Some lawyers resist going to trial at your businesses expense. They opt to drag the case and eventually settle at all costs to avoid going to trial.
- Do not invite lawyers for a vetting process before you find out whether they charge for time spent. Some business owners are known to get information from attorneys free without the intention of hiring. Some lawyers charge to compensate for this time spent.
- Do not work with business attorneys who do not share in your vision for the future of your business. Like any other partnership, you and your lawyer’s vision for the company should be in sync to create a successful relationship between the two of you.