Business
Most California businesses wait until they are sued to hire a business attorney, and it is disastrous for their company.
Updated : May 11, 2022, 10:39 PM IST
Most California businesses wait until they are sued to hire a business attorney, and it is disastrous for their company. By the time you receive summons, the damage is already done, and it is just a matter of how much you will pay to settle the lawsuit. If you hired a business attorney from the very start, you would have saved yourself time, money, and your company’s reputation.
California Business Lawyer & Corporate Lawyer help set up your company in a way that will prevent most lawsuits and make it easy to quickly quash any that may arise. For example, Nakase Wade’s small business lawyer in Los Angeles can help you with some of the following things when setting up your business:
An attorney is also a great sounding board for your business; they deal with countless other companies and have seen the pitfalls that new owners fall into. They have seen what leads to success and what is a recipe for failure.
We know, we know, lawyers have a bad reputation (thanks, Hollywood!) But when you find an attorney that is a perfect fit for your company, then it will be a valuable professional relationship. Read on to learn more about how to find a business lawyer for your company.
What Do I Need To Consider When Searching For a Business Lawyer?
There are a number of factors you should think about before you even start looking for a business attorney. Spend some time brainstorming what sort of law firm will suit your company the best. If your company needs assistance with employees, hire an employment lawyer in Los Angeles.
What Skills Will My Company Need?
All attorneys will specialize in one or more areas of law. These are areas that the lawyer is good at, enjoys, or understands really well. A San Diego small business lawyer is a specialization, but it is often paired with other areas of law as well. Business law often crosses over with many different areas like:
And that is to just name a few! Think about what your main business is and write down some skills that you will need often. You should only look for lawyers who possess this skill set. Generally, you will need your attorney to refer you for help for complex issues in other areas, but it will be more convenient for the bulk of your legal dealings to be with one lawyer or law firm. For example, if you are a graphic designer, then intellectual property protection would be a vital skill set for your attorney to have. Contract law may also be pretty high on your list if you deal with a number of clients.
Would a Big Law Firm or a Small Law Firm Be Best?
There are law firms of all sizes out there, and deciding what type you want to work with will help you to narrow down your options. There are benefits to each law firm size, so you need to weigh up what will work best for your business. A large law firm will have higher operating costs because of office space and staff numbers, so they will be more expensive. But they will have an excellent reputation in the local area, so cease and desist letters will be more effective. A smaller law firm will be more cost-effective and more personable. Remember, you only need to think about your company’s needs for the next 5 years or so. Many companies will have one law firm that specializes in startups get them through the first few years of operations. Then once they are established, they might switch to another law firm that will be better suited for their company’s needs.
Look at the size of the startup and what businesses they cater to as well when making your decision.
Do They Have Experience In My Industry
You want a law firm that has experience in your industry but one that does not work with too many competitors. The more of your competitors that the business lawyer works with, the higher the risk that a conflict of interest may arise in future.
By having industry experience, your lawyer can help you to navigate industry regulations and discuss what may have worked or not worked for their clients in the past.
Attorney Fee Structures
It is important to know the three common fee structures that a business lawyer may use, so you can be aware when negotiating fees. Your attorney may use different fee structures for different services or even a combination of two or more.
Interview Business Attorneys
Once you have a shortlist of business lawyers, you need to book a consultation with them all to see if they will be a good fit. We recommend creating a list of questions for the consultation so that you can compare the lawyers easily. It will help direct the conversation and keep you on track during your allotted time.
These questions need to be specific to you and your company, but here are 5 great questions to get you started:
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