Every startup needs to deal with at least a few legal matters. But when you’re on a tight budget, you may wonder whether hiring a business lawyer is truly necessary.
Read on to find out when it makes sense to hire a lawyer for your business startup and how they can help your business succeed.
Business lawyers make sure your company is in compliance with all of the laws and requirements that apply in your industry. They ensure your business is on good legal footing from the start and alert you to any legal changes that may affect your taxes, hiring practices, and other procedures.
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A business lawyer can also help you deal with any future litigation. No one expects to be sued, but legal troubles can happen at any time. A good corporate attorney can make the difference between surviving a lawsuit and watching your business collapse. It’s better to be prepared by finding a lawyer you trust before you’re in the middle of a legal mess.
In short, business lawyers can help you avoid catastrophe and save money so you can focus on growth. You won’t regret taking the time to find an experienced lawyer for your business startup!
For many, if not most startups, a business lawyer should be considered an essential partner. You need to make sure you’re not accidentally violating any laws, doing business in a way that creates unnecessary tax liability, or making other legal mistakes.
Should You Hire A Lawyer For A Small Business Startup
Hiring a business lawyer is one of the best steps you can take to control risks in your interactions with customers, employees, and suppliers. It’s always wise to establish your rights and expectations from the beginning, especially if multiple people are involved in creating your company. A business lawyer can help you avoid future trouble in areas you may not have thought about.
Many entrepreneurs do not think to hire a business lawyer until they run into legal trouble. However, it’s generally easier to find a lawyer before you need one. Being proactive gives you more time to find the best candidate and allows you to avoid some potential legal problems before they happen.
Your business lawyer should be familiar with your industry and local regulations. Here are a few simple ways to find a good startup lawyer:
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If you previously worked with a good lawyer in your area to draft a will, settle an estate, or deal with other concerns, you may want to ask them for a referral to a business lawyer. Most experienced legal practitioners know other qualified professionals who specialize in other areas of law.
Be sure the lawyer you ask knows that you have a startup rather than a mature business, since this may affect which lawyer they recommend.
Experienced startup lawyers are sometimes asked to speak at or attend business events. If you are attending a virtual conference, startup incubator, or another business-related event in the near future, keep an eye out for legal professionals on the guest speaker list and make a point of getting their contact info.
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Keep in mind that it is generally a bad idea to ask for legal advice at an event. Instead, you should reach out to the lawyer during or after the event to schedule an appointment.
There are many online directories you can use to find business lawyers in your area, including sites like Avvo or Lawyers.com. These sites make it easy to find nearby lawyers with the type of expertise, rating, language, and years of experience you need.
Regardless of how you find a lawyer, you should take the time to interview them before making a hiring decision. Here are a few questions to ask any business lawyers you are considering:
Hiring A Lawyer For Business Startup: What You Need To Know
It’s very important to make sure your business lawyer has experience working with startups. Some business attorneys work primarily with large corporations, which means they may not be as familiar with the legal complexities involved in launching a startup.
If you have plans to purchase a commercial space, get a patent or trademark, or deal with a lawsuit, be sure to find a lawyer who has expertise in that area. A commercial real estate attorney will be better equipped to handle any real estate transactions, and you will definitely need a corporate attorney who is experienced in litigation if your company has been sued.
The Anderson Hunter Law Firm includes several experienced business lawyers who provide full-service representation. We have been supporting the legal needs of individuals and businesses in Snohomish County since 1893. If you need a lawyer for your business startup, reach out to us today.Our attorneys assist with business startups in Everett, WA and throughout Snohomish County, as well as the occasional startup outside Snohomish County. Both our rates and academic credentials tend to be significantly better than competing firms. That allows us to provide counsel to enterprises of nearly every magnitude, from solo shops to international companies. If our clients’ needs branch outside our areas of competence, we involve specialty counsel, and our experience often ensures we refer out clients to specialty attorneys who share our commitment to excellence and reasonable pricing. Whether you hope to operate out of your garage or a skyscraper, we can help. Come see why we we’re “A Better Firm for a Better World.”
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How can I tell whether your firm’s attorneys have stronger academic credentials than competing lawyers? Look at our firm’s attorney bios and compare them to those of other lawyers you might be considering. You will probably find our attorneys attended higher ranking schools and/or earned more impressive accolades while there. The exception would be competing attorneys at the largest and most expensive law firms, which also hire selectively and enjoy backgrounds similar to ours. Most of our business attorneys came from these large, highly selective firms.
How can your firm charge less while providing attorneys with better academic credentials? We pay close attention to efficiency and cost-saving technologies. For example, we use administrative support only when it decreases the cost to clients, we typically answer our own phones, and we use paperless storage technologies. For more information on our cost-saving technologies, click here.
Do you accept flat fees or just hourly work? The answer depends on the task. Relatively predictable projects are appropriate for flat fees, but most large projects tend to be too unpredictable. Feel free to call us to learn whether your legal project would be appropriate for a flat fee.
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Can I just get a little of your time, such as if I want to ask a few questions or have you review a few documents? Absolutely. We accept projects of all sizes, and we often provide guidance to clients who want to do most of their legal work themselves.
If something goes wrong, can you represent me in court? Yes, we usually can. Our firm includes transactional and litigation attorneys. That means we do it all. We can help you form your business, run it, and then protect it in court should something go wrong. We also keep you out of trouble by pointing out avoidable pitfalls.
Can you help me as I grow my existing business? Yes, we do more than assist businesses in their start-up phase. We represent businesses in most types of transactions and disputes.
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Can you help me change business structures, such as changing from a partnership to an LLC or corporation? No problem. We can also advise you regarding which business structure would be best for your unique situation.
Can you assist me with employment laws? Yes, we can help with the hiring process, employment contracts, wage and hour laws, and even employment-related immigration issues. We also have experience with layoffs, terminations, disputes, and much more.
Can you help me determine whether a non-compete agreement prevents me from opening my business? We have experience with non-compete provisions and the laws governing them, and we can advise you as to their limitations, which are often nebulous.
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