top questions a lawyer will ask when helping entrepreneurs with new business

Here are 10 key questions to help you find an attorney who is just the right fit for your business: How much experience do you have with my industry? Such issues as intellectual property, franchise agreements and service contracts require special knowledge and skills, says Leach.

Full Answer

How lawyers can help entrepreneurs?

A good business attorney will provide vital assistance in almost every aspect of your business, from basic zoning compliance and copyright and trademark advice to formal business incorporation and lawsuits and liability. First, some general rules about dealing with lawyers: If you are being sued, it's too late.

What questions should lawyers ask?

Questions to Ask Your Lawyer During a Consultation1) What kind of experience do you have with similar cases?2) What would be your strategy for my case?3) Are there any alternatives to going to court?4) What are my possible outcomes?5) Who will actually handle my case?6) What is my role in my case?More items...•Jan 29, 2017

What questions should I ask a startup lawyer?

7 questions to ask your startup lawyerDo You Work With Companies Comparable to Mine? ... How Do You Bill? ... Will I Be Comfortable Working With You? ... What Is Your Focus? ... What Is Your Past Experience? ... Are You the Best in the City? ... What Is Your Age and Experience With Technology?Aug 3, 2013

Why should an entrepreneur consult with an attorney?

The most common reasons for needing an attorney are: Navigating the many forms and requirements of legal documents, like incorporation documents, that are involved. Assurance the startup is being done right.Dec 6, 2019

How do I prepare for an attorney interview?

If you are interviewing virtually, all of these tips apply.Do your research. Lawyers are known for being good researchers. ... Be presentable and dress your best. ... Come prepared to ask questions. ... Be personable and show enthusiasm. ... Be genuine. ... Promptly send a thank-you note.Oct 28, 2020

What questions should I ask in a legal interview?

21 Questions to Ask During a Legal Job InterviewHow did you become interested in X practice area/subject matter?Did you focus on X while you attended law school? ... Why did you choose this firm/organization over others?What do you like most about this firm/practice group/organization?More items...•Mar 12, 2018

What questions should you ask when buying a business?

Below are 10 questions you should ask yourself before buying a business.Why Do You Want to Buy This Business? ... How Will You Make Sure You Are Successful? ... How Much Capital Do I have Access to? ... How Much Is the Business Worth? ... Ask to Speak With the Current Owner. ... Ask to See the Business' Current Financial Statements.More items...•Aug 27, 2015

What questions should I ask a corporate lawyer?

General QuestionsHow long have you been practicing law?What do you specialize in?What are your main roles and duties? What goes beyond that scope?How do you bill?What companies do you generally work with? ... Are you experienced with startups?Are you familiar with the laws of incorporation in my specific state?

What kinds of decisions need to be made when starting a new business?

5 Decisions Every Entrepreneur Must FaceWhether to turn your idea into a reality. ... Whether to expand or keep the status quo. ... Whether to give up. ... Outsourcing or hiring in-house. ... Product or service pricing.Sep 15, 2014

What does a business attorney do?

Corporate and commercial lawyers are experts in company and business law. They understand the minute differences between legal entities and how to best utilise them for different purposes. They also assist companies in various transactions stemming business operations.

Who would you approach for specialist legal advice specific to your business?

A business advisor: A business advisor or consultant is a professional who gives expert advice on all aspects of a business including financial, management, and legal advice.Mar 3, 2019

What does a business lawyer do?

A business lawyer can explain how to start a business and answer your business law questions. But more importantly, a lawyer can identify the risks you face and help you minimize them. When you meet with your lawyer for the first time, it’s a good idea to have some questions in mind.

How to start a business off on the right foot?

Always ask your business attorney to assess your risks and identify ways to alleviate them. Getting business advice and legal help from a small business lawyer is a smart way to start a business off on the right foot. But don’t lose touch with your lawyer once your business is up and running. Make it a habit to seek business legal advice regularly ...

What is a limited partnership?

Other options include a limited partnership, in which some partners are fully liable for business obligations, and others are not, and a nonprofit corporation.

What to do before starting a small business?

Before starting a small business, you must decide how your business will be structured. If you do not form a formal business entity, your business will either be a sole proprietorship (with one owner) or a general partnership (with more than one owner). Legally, you and your business will be the same “person,” so if your business has debts ...

What are the federal laws?

Federal laws range from anti-discrimination laws to health and safety regulations to wage and hour laws. You may need policies and procedures, handbooks, and training to ensure that you don’t inadvertently violate them. You must also comply with state laws relating to such things as the minimum wage.

How does a contract protect a business?

Contracts protect your business by describing the rights and responsibilities of the parties to the agreement. A well-written contract can reduce the number of disputes that arise, ensure that you get paid for the work you do, and provide a clear remedy if one party doesn’t hold up its end of the deal.

Why is it important to meet with a small business attorney?

Meeting with a small business attorney is an important way to get your business off to a good start and minimize future risks. Here are questions to ask at your first meeting. New entrepreneurs have their hands full, making plans, developing products and services, and lining up financing.

What is a business lawyer?

A business lawyer is a person best suited for helping you make that decision. Both sole proprietorships and general partnerships view the business and the owner as the same entity, so if there are debts or legal issues, you would be held liable.

What are the consequences of failing to take legal action?

Failure to take such actions can result in: Fines. Penalties. Legal liability. Business closure. By consulting with a seasoned attorney, you can establish that you’re currently operating within the boundaries of the law.

Can ignorance save you in court?

In all likelihood, there are employment laws on the books that you’ve never heard of. Ignorance won’t save you in a court of law. By asking questions such as these, you can ensure that you are compliant with safety regulations, anti-discrimination, or employment and termination laws.

The Most Important Questions to Ask A Business Attorney

General Questions

• These are questions pertaining to understanding who your lawyer is, how they operate, and what you should expect from them. They might include: 1. How long have you been practicing law? 2. What do you specialize in? 3. What are your main roles and duties? 3.1. What goes beyond that scope? 4. How do you bill? 5. What companies do you generally work ...

See more on briggslawcorp.com

Business-Related Questions

Covering Your Business