There are plenty of legal issues that startups often need to deal with. In these cases, looking for a legal service from various law firms such as Khan law firm is definitely important. However, most small business owners find it intimidating to hire and work with a lawyer.
If you’re one of them, you need help. Here’s how you can pick the best lawyer to work with your small business:
- Look for a Lawyer Who Understands your Vision
You can find thousands of lawyers in every city within the US. Along with it are lawyers that practice different fields of specialty. Before you hire one, make sure you spend time researching the ones within your local area. Look for a lawyer who specializes in business law. Particularly, you need a lawyer who identifies the nature of your small business and understands your vision.
- Choose a Lawyer with Business Experience
Each lawyer has his own field of expertise. When it comes to your small business, you shouldn’t leave it to the hands of a personal injury attorney. Ideally, you want to choose a business lawyer who has adequate expertise in the field of business law. No one knows any business aspects better than someone who has experienced them. Owning a small business is indeed rewarding, but you will need an attorney to make sure your business model is protected from any legal disputes that may arise. A solo business lawyer or perhaps a firm like Khan law firm that has enough experience dealing with businesses is your best bet.
- Pick a Lawyer with an Agreeable Payment Structure
As a small business owner, every penny matters. You need to be price-conscious, and that means you have to find a lawyer with an agreeable hourly rate or payment structure for your needs. On average, a small business lawyer will charge you $150 per hour in a small city. However, the cost could quickly escalate to over $1,000 per hour for large-scale companies in major cities. You should also keep in mind that some cases will require a group of lawyers to work on your case.
- Consider the Two Types of Business Lawyers
You can find two types of business lawyers. One deals with lawsuits, likewise known as business litigators. The other works with contracts and business matters, likewise known as transactional lawyers. There are lawyers who practice both fields, but some only focus on a single field.
Keep in mind that hiring a business lawyer is a long-term investment. Therefore, you need an experienced lawyer or law firm to cover all of your business needs. In most cases, working with a firm that covers both litigation and transactions is ideal.
The Bottom Line
For a startup, working with a lawyer is essential. Without a lawyer, you’re putting your small business to unnecessary risks. Although it involves spending a bit of cash, having legal assistance from an expert is worth it.
