Any successful business has to find a qualified lawyer. Everything you need to know about identifying, interviewing, and hiring the finest is right here.
Early on, any business will require the services of two professionals: an accountant and a lawyer. The benefits of hiring an accountant are self-evident: you'll need someone to assist you set up your "chart of accounts," examine your numbers on a regular basis, and file all of your federal, state, and local tax forms. The motive for employing a company attorney, on the other hand, may not be so obvious. From fundamental zoning compliance and copyright and trademark guidance to formal business incorporation and lawsuits and liability, a qualified business attorney can help you with practically every area of your firm. To begin, here are some general guidelines for dealing with lawyers.
It's too late if you're being sued. Most small businesses wait until the sheriff arrives at their door with a summons to hire a lawyer. I made a blunder. Before you are sued, you should contact a skilled business lawyer. It's too late once you've been served with a summons and complaint; the problem has already occurred, and the only question now is how much you'll have to pay to remedy it (in court costs, attorneys' fees, settlements, and other charges).
Is it better to work for a large or small company? In general, the bigger the law firm, the more the overhead, and thus the higher the hourly rates you'll have to pay. Larger businesses, on the other hand, enjoy a variety of benefits over smaller businesses. Lawyers have gotten very specialised during the last 20 years. If you choose a solo practitioner or a small firm to represent you, it's likely that they won't have all of the talents you'll need to expand your company. I'm not aware of any solo practitioners or small firms (under ten lawyers) capable of handling your lawsuits, negotiating your office or retail lease, filing a patent or trademark, drafting a software licence agreement, advising you on terminating a disruptive employee, or overseeing your corporate annual meeting. These "generalists" will eventually have to refer you to specialists, and you will be dealing with two or three (or even more) attorneys.
While larger companies are more expensive to work with, they have two major advantages: 1) they usually have all of the legal talents you require "under one roof," and 2) they have a lot of power in the local, regional, and (perhaps) national legal communities. A threatening letter from a "powerhouse" law firm with offices in 30 jurisdictions is far more terrifying than one from a single practitioner who is not licenced to practise in the defendant's state. Being affiliated with a large, well-known law firm may also provide intangible benefits, such as the ability to introduce you to finance sources or utilise their reputation as a reference when seeking partnership arrangements. If you manage a fast-growing entrepreneurial firm with aspirations to go public (or sell out to a larger company) in the future, you will undoubtedly need to engage with lawyers whose names are well-known in the investment banking and venture capital circles.
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