Just like accountants, builders and plumbers, lawyers do not always inspire trust from many people. Fortunately, similar to those basic services, hiring an attorney is necessary for any start-up with the desire to thread successfully in the minefield of business. Whether to provide guidance through an acquisition, or as a preventive measure against future lawsuits, you’ll need a professional that has passed the bar.
Before looking at the criteria of how to choose a trustworthy lawyer, let us first look at why you need the services of this professional:
- Helps in the setting up of a corporation or partnership
- Helps to check for compliance with regulations
- Helps to negotiate loans
- Helps in obtaining patents or trademarks
- Helps to prepare buy-sell agreements
- Assists with tax planning
- Assists in drawing up pension plans
- Assists in reviewing business forms
The million-dollar question is, how do you find a trustworthy lawyer for your small business?
Here are some guidelines to help you make the right decision:
Which lawyer meets your needs?
The maiden question you must have an answer to is, what kind of lawyer suits your business? This is because the law is broad. Furthermore, it’s constantly evolving. Different attorneys specialize in different aspects because of the complexity of law. For instance, if your small business touches on insurance, you’ll certainly need a lawyer that specializes in insurance or finance law. Consequently, you must conduct an extensive research in order to settle for the ideal legal representative for your business.
Is your prospective lawyer someone you can have a good rapport with? Since you’ll be discussing matters that are close to your heart, it is highly important to ensure that you’re comfortable talking to the person you choose.
A contract attorney in New York charges anywhere between $50 to $1,000 or higher hourly. Obtain quotes from different firms prior to making your decision. Nonetheless, always beware of comparing different attorneys based on fees alone. Lowest hourly fees may not indicate best value in legal work since inexperience attorneys take twice as long compared to the experienced one in order to complete a project.
Inquire from your attorney on which cases or business your prospective attorney has handled in the past. Obtain a list of customers or even other attorneys who you can contact in order to discuss fees, service, and competence.
Will he or she be available for your business conferences right on your convenience and not theirs. How quickly can he or she return emergency phone calls? These are some of the questions, which you need to ask an attorney before hiring him or her.
As you embark on your business journey, it’s extremely difficult to navigate the jumble of legal issues that entrepreneurs face without an attorney. Hiring a small business attorney in NYC for instance helps you in very many ways. Actually, in more ways than just the ones highlighted above. While searching for the best attorney for your business, it’s important to consider the above factors.