This content written for Willhoite Law, PLLC.
There are two kinds of experts each business will require initially: an accountant and a lawyer. The motive for hiring an accountant is pretty simple, every business needs someone to help you set up your financial accounts, review your numbers regularly and prepare all-important federal, state and local tax returns. On the other hand, an expert business lawyer will give necessary assistance in almost every phase of your business, from basic plan compliance and trademark advice to legal business establishment and lawsuits. First, businessmen need to understand some common rules before dealing with lawyers.
If you are being claimed, it’s too delayed. Most small business firms take no interest in hiring a lawyer until the claimant or government official is standing at the door serving them with a warrant. The time to contact an expert business lawyer is before you are claimed. Once you have been served with warrants and complaints, it’s too delayed. The problem has already occurred, and it’s just a question of how much you will have to pay in court charges, lawyer’s fees, adjustments and other expenses to get the problem resolved.
It is very simple to take legal matters into court but later it becomes very hard to get out once you have been trapped. Most lawyers in Claremore law firm agree that nobody likes to pay lawyer’s fees for anything but the fee a lawyer charge to keep a business out of trouble is only a small amount of fee a lawyer will charge to get you out of problem once it’s occurred.
Big or Small Claremore Law Firm
The bigger the Claremore law firm, greater the overhead and greater the hourly charges you will be expected to give. Still, bigger law firms have a number of advantages over smaller ones. Bigger firms are much costly to deal with but they have two important benefits:-
- Big firms usually have all the legal expertise under one roof.
- Big firms have a lot of power in the local, regional and possibly in the national legal community.
If a business remains associated with a big, well-established Claremore law firm, it may get some uncertain benefits. Big firms may introduce you to financial sources or small business can use their name as a reference when trying partnership arrangements. If you are running an entrepreneurial company with rapid growth that plans to go public someday, you would need to work with the team of lawyers whose names are recognized in the investment banking and venture capital associations.
Types of Attorneys Small Business May Need:
There are several types of attorneys in Claremore law firm who specialize in dealing with the business-related legal matters. Similarly like doctors, attorneys are becoming increasingly specialized. Someone who mostly deals with personal injury, wills, family cases and other non-business cases is probably not a good choice for your business. An expert attorney will need the following sets of skills to deal with business firm related matters:-
You need an attorney who can prepare the standard contracts that are required to deal with buyers, clients and suppliers and also help you respond to the contracts that other people will want you to sign.
You need an attorney who can help you decide whether an enterprise or limited liability company is the better way to establish your business and prepare the necessary documentation.
The rent and lease agreements of commercial spaces such as offices and retail stores are highly complex and are always drafted to give benefits to the landlord. Because the documents are in the printed form, you think they are not negotiable. Not so, a real estate attorney can help you with the terms containing your benefits.
Taxes and licenses
Although your accountant prepares and maintains tax returns on a regular basis, an attorney can help you to register your business for federal and state tax identification numbers. A tax lawyer understands the tax consequences of basic business transactions.
If you are in a media, design, innovation or other creative business that requires a patent, an attorney can help you register your products and services for federal trademark and copyright protection. Generally, these jobs are done by specialists who do nothing other than intellectual property legal work.
What to Look When Hiring Attorneys
Are they experienced?
An experienced attorney can help you in multiple ways with their previous experience. Before hiring an attorney, don’t hesitate to ask any questions related to their experience and you can also cross check all the things.
Are they well-connected?
Your business attorney should be a legal expert who can identify your business problems, suggest all relevant solutions that are required. No lawyer can probably understand everything about each area of law. If your business requires specialized legal advice, your lawyer should either be familiar with that specific area of law or have a working connection with someone who is. You cannot go to a new lawyer each time to take advice when another type of legal issue comes up
Do they have other clients in your industry?
Your lawyer should be slightly familiar with your industry and its legal background. If not, he or she should be ready to learn ins and outs of it. Look your lawyer’s bookshelf or magazine rack for copies of the same records and professional books that you read. Be careful with those lawyers who serve one or more of your competitors.
Are they a good teacher?
Your business attorney should always be ready to give time to educate you and your employees about the legal background of your industry. You should be able to discuss anything related to legal matters freely with your attorney at all times. An attorney should also aware you about what the law says and suggest how the law affects the way you run business so that you can recognise the problems in advance. The right lawyer will share newsletters or reminders that explain recent changes in the laws that can affect your business.