Why would a small business need a lawyer?
Business owners are courageous and brilliant people. Small business owners usually have tight operational budget or are born to be frugal. In other words, small business owners tend not to think they will need a lawyer. But lawsuit is expensive. Under normal circumstances when you have to hire an attorney, it is too late. Either the litigation is too expensive or your contracts have too many holes that nothing can do about it. An ounce of prevention is warranted. A small business lawyer can help avoid lawsuit by assisting with all commercial and business law aspects of starting and running a small business. This includes drafting and reviewing contracts, resolving disputes, registering trade marks and reviewing commercial leases.
When should a small business hire a lawyer?
When things get complicated to the point that a dispute is foreseeable, such as a investment agreement, a vendor contract, employment agreement or buying or selling businesses, it’s wise to have a business lawyer in your corner. Businesses both small and big needs to have a business Lawyer. Business lawyers do not only deal with lawsuits but also can help you with drafting contracts and operating the business in line with the law. As the result, a good business lawyer may help you to avoid costly legal action
How much does a small business owner cost?
The small business lawyer cost can range from $150 per hour for junior lawyers to over $1,000 per hour for senior partners at large firms in major cities. Yet, in our general counsel program, we offer flat rate based on estimated billable hour at a heavily discounted hourly rate. The expense of hiring this firm is significantly lower than hiring an employees and will save thousands of thousands of dollars in a long run. In other words, the Return on Investment is tremendously high.
Please follow us on facebook, linkedin and justia for more discussion.