As a small business owner, the odds are stacked against you. Did you know that 50% of small businesses fail in their first five years of operation?
With proper management and marketing, you should have no problem making your company successful. But you also need to consider the legalities of running your company.
Small businesses are vulnerable to lawsuits and other legal issues, as few business owners have law degrees. To avoid any legal blunders, we recommend working with a business attorney. They can ensure your business operations are legal and legitimate.
The only question is, how do you select the best law firm for your company?
We are here to provide guidance. Keep reading for everything you need to know.
Gather Insight From Other Business Owners
Smart business owners know the value of networking. You probably have several contacts within the community consisting of small business owners and entrepreneurs.
Talk to them to get advice on the best business attorneys in the area. What law firm do they use to protect their company? Do they recommend their legal services to other business owners?
Assess Their Experience and Expertise
Before hiring a business lawyer, reach out to the top law firms on your list to schedule a free consultation. They should be willing to sit down with you to discuss your company’s needs. Use this time to assess their legal experience and expertise.
For example, do they know about DEI leadership? DEI stands for diversity, equity, and inclusion. Failing to adhere to these standards could make you vulnerable to a lawsuit.
Just as importantly, consider your rapport with the business attorney. If you’re going to work hand-in-hand with them for the unforeseeable future, it’s vital that your personalities mesh well.
Look at Client Reviews
The best law firm for your business will have a solid reputation in the community, particularly among other business owners. To find out more about a lawyers’ reputation, look on their website to read client reviews and testimonials.
What do their past clients have to say about their legal services? Do you see any complaints or negative remarks that make you doubt the lawyer’s credibility or professionalism?
Consider Their Legal Fees
Smart management requires an in-depth awareness of business finances. It also means learning how to select the most budget-friendly services without sacrificing quality.
Talk to the business attorneys in your area to get a free quote for their services. This figure will vary based on your company’s specific needs. Make sure you know exactly what’s covered in this quote.
Are You Looking for a Business Attorney?
Without a business attorney, your company is vulnerable to lawsuits and other legal errors. Protect yourself and your company by working with a law firm that specializes in business law. Use this guide to find the best lawyer for your needs.
And if you’re looking for more business advice or leadership tips, don’t go anywhere. Stick around and browse through the rest of our blog to find more articles that can help you improve your company.