what questions to ask lawyer as an entrepreneuir

by Prof. Imani Frami 3 min read

Questions to Ask a Lawyer When Starting a Business

  1. What Should I Be Aware of When Choosing the Name of My Business? Before you order business cards and signs, you need...
  2. What Do I Need to Include in My Bylaws or Operating Agreement? LLC operating agreements and corporate bylaws are...
  3. What Type of Contracts are Necessary for My Business Needs? In business, few...

7 Questions to Ask Your Attorney Before Starting a Business
  • What Business Structure Should I Choose? ...
  • What Do I Need to Know About Choosing a Name for my Business? ...
  • How Do I Minimize My Risks as an Employer? ...
  • What Should Be In My Operating Agreement or Bylaws? ...
  • How Can I Protect My Intellectual Property?
May 2, 2022

Full Answer

What kind of questions should you ask an entrepreneur?

For example, you may ask about mistakes they have made or challenges they faced along their journey. By asking these questions, you can feel more prepared to avoid or overcome those challenges as an entrepreneur.

What questions should I ask when hiring a lawyer?

Ask the professional whether there are any alternatives for solving your legal problem, such as through arbitration or some other out-of-court arrangement. A good attorney will generally inform you if your case can be handled through other less expensive and time consuming means. 9. How will you let me know what's happening with my case?

What should I ask a small business attorney at my first meeting?

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.

Why do you need an attorney to answer your questions?

They’ll be able to provide context upfront that answers your questions before you find yourself confused by a complex legal issue or legal language. Additionally, when a question does come up, the attorney will likely be able to answer it in plain English. 10. When was the last time you said “no” to a client?

What are good questions to ask lawyers?

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...•

Why do entrepreneurs need lawyers?

Whether it's the legal complexities of starting, incorporating and running a business to the specific needs for reviewing a contract, hiring and firing employees, protecting intellectual property or a trademark, being sued by a customer, resolving business disputes or more, having a good lawyer can make a big ...

In what ways can a lawyer assist an entrepreneur when starting a business?

Hiring a lawyer will help make sure your business is legal and prepared for success.A Lawyer Will Set You Up for Success.Connect With Investors.Correct Mistakes Before They Cause Problems.Avoid Legal Problems Early.Protect Your Interests.File the Required Paperwork.Tax Advice.Protect Intellectual Property.More items...•

What questions should I ask a lawyer about seeking help?

Questions you might ask your lawyerDo I have a problem that can be resolved by law?What legal risks am I facing?What documents do I need to support my case?Do I need statements from witnesses?What are my options for resolving the dispute out of court?How can I settle the case?More items...

Can a lawyer be an entrepreneur?

"Lawyers turn out to be immensely successful entrepreneurs”. History says that this statement is pretty much true to an extent. Law graduates now operate in various fields, from ICT and mining to the airline industry.

How important is an attorney to your entrepreneurial endeavors and why?

Attorneys should realize that entrepreneurs are often bootstrapping funds and that legal fees are not always the highest item on the list of fund allocation. Therefore, it is important that you ask your lawyer to help you organize a list of legal needs that you can prioritize together.

Why is it important for an entrepreneur to hire an attorney or other professional prior to the establishment of the new business?

When You Might Need an Attorney for Business Startup. 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.

What is the role of a business lawyer?

Business Lawyers are lawyers that focus on providing legal advice to business owners on issues that affect businesses, including taxation, business transactions and intellectual property rights. Business Lawyers may also be known as a Corporate Lawyer or Commercial Lawyer.

What's the difference between attorney and lawyer?

Attorney vs Lawyer: Comparing Definitions Lawyers are people who have gone to law school and often may have taken and passed the bar exam. Attorney has French origins, and stems from a word meaning to act on the behalf of others. The term attorney is an abbreviated form of the formal title 'attorney at law'.

What is the hardest question to ask a lawyer?

12 Tough Questions to Ask a LawyerWhat's your opinion of the probate process?Under what conditions do you recommend a Living Trust?How do I protect my children from abusive relatives if something happens to me?Can I keep my kids from controlling their entire inheritance at 18?More items...•

What you should know before you talk to a lawyer?

10 Things You Should Know Before Contacting a LawyerHave Your Documents Ready. ... Research the Elements of Your Case. ... Don't Call if You Just Have a Question. ... You May Not Speak to a Lawyer Right Away. ... Do Not Ask the Legal Support Staff for Advice. ... Don't Provide Too Much Information. ... Answer the Lawyer's Specific Questions.More items...•

How do I talk to my lawyer for the first time?

Tips for Talking to an AttorneyAlways be as honest and candid as possible about the facts of your case. ... Ask questions if you don't understand something that your attorney mentions or explains to you.Approach an attorney about your case as soon as you think you may need one.More items...•

1. How long have you practiced law?

At a minimum, you'll want to know about the lawyer's expertise and whether the lawyer is a veteran or beginner attorney, for instance. Your legal issue may very well be handled by someone who is fresh out of law school, (or not). It all depends.

2. What type of cases do you generally handle? What percentage of your practice is devoted to (the practice area in question)?

You'll also want to know about a lawyer's expertise and how much of the attorney's practice is devoted to topic area your legal issue falls within. For example, if you need help with an adoption case, you may wish to seek a family law lawyer who has worked on, well, adoption cases. Click here for a full list of practice area definitions.

3. Who is your typical client?

This is an important, but often-overlooked question. For example, if you are an individual with a particular legal problem, but the attorney your meeting with represents only corporations, this may not be the best lawyer for you. Likewise, you may wish to know the financial background of some of the lawyer's clients.

4. How many cases have you represented that were similar to mine?

Now is not the time to act shy. Feel free to ask about the attorney's track record, such as the number of cases won or settled, for example.

5. Other than a law degree, what kind of special training or knowledge do you have that might apply in my situation?

Some cases, like DUI and patent cases, require specialized training and knowledge for effective representation. Be sure to inquire whether your case fits into that category.

6. What are your attorney fees and costs, and how are they billed? Will a portion or all of my case be handled by paralegals or legal assistants? If so, ask about reduced costs

This step is obviously an important one. You'll want to know whether you can afford the lawyer's services and how you will be required to pay. This is also the time to ask about payment options and how often, and under what circumstances, you will be billed.

7. What is your approach or philosophy to winning or representing a case?

This can be important in two ways. First, if you are seeking an amicable divorce, for example, but the attorney is known to "go for the kill" in divorce cases, the attorney may not be the right one for you.

Why is it important to have an immigration lawyer?

Immigration laws are also important to comply with, especially if you have employees who are not citizens . An experienced lawyer can help put you on the right track by educating you on the laws associated with your business. This is definitely one of the very important questions to ask a lawyer when starting a business.

What type of business has only one owner?

The main types of business structures include a sole proprietorship, which has only one owner, a general partnership, which has two or more owners, or one of the types of entities that allow you to limit the liability that the company itself is responsible for.

Do business lawyers charge an annual fee?

A good business lawyer is truly invaluable, and most will allow you to pay an annual fee so that you can contact them anytime you need them. You can ask them questions about employees, paperwork and documentation, risk-management issues, personnel issues, and even concerns about your board members.

Can a lawyer write a summary of events?

Some lawyers even allow you to write a summary of events for a legal case or round up some documents yourself. This saves you some money that you can then use on other things. This is one of the great questions to ask a lawyer when starting a business. 12.

Do lawyers save money?

The fact is, most lawyers try to help you save on the fees you’re paying them. Ask your lawyer specifically if there are ways to save money on the legal services he or she provides. If the lawyer is adamantly against offering this option, it could be a red flag.

Is there a confidentiality agreement with a lawyer?

Yes, there is a lawyer-client confidentiality agreement, but it’s better to be safe than sorry. Even if you are certain that your lawyer will never discuss any details regarding your business with a competitor, you might feel uncomfortable sharing that information in the first place.

Do business owners have a full plate?

Business owners have a full plate day in and day out, but your legal concerns will not be insurmountable if you find the right lawyer. Take your time, make a list of questions, and, most of all, be prepared for the questions the lawyer might ask you.

What is an attorney who can answer this question well?

An attorney who can answer this question well is an attorney who is attuned not only to the legal challenges at hand, but also to the way clients think about them. They’ve also likely worked with clients like you. They’ll be able to provide context upfront that answers your questions before you find yourself confused by a complex legal issue or legal language.

Can an attorney give an estimate of how long each phase of a project will take?

Although unexpected challenges sometimes arise and cause deadlines to be pushed back, attorneys should be able to give an estimate of how long each phase of the project will take. Make sure that these estimates seem reasonable and fit with the timeline that you have in mind.

Do you want to hire an attorney who will challenge you?

While you don’t want to hire an attorney who will challenge your every move, you also definitely don’t want one who is so afraid of getting fired that they’re reluctant to question you when they have a legitimate concern.

Do attorneys have conflicts of interest?

Attorneys are responsible for divulging any potential conflicts of interest, even if they are never directly asked a question about them. However, it’s usually not a bad idea to inquire about them yourself.

Do businesspeople have to resign themselves to pick the first attorney on their resume?

The good news is that businesspeople definitely don’t have to resign themselves to picking the first attorney whose resume crosses their desk.

Do attorneys quote hourly fees?

While most attorneys will quote you an hourly rate or a fixed fee upfront, it’s important that you understand what this quote does and does not cover. For instance, will you also be responsible for reimbursing the attorney for expenses, such as transportation?

In Order to Move Forward With Any Lawyer, First Ask These Ten Questions

Think of the consultation as an interview. You’re hiring the lawyer. Put the attorney to the test, starting with this question….

Finding the Right Lawyer Is The First Step in Winning Your Case

You are, after all, as good as your representation. Your lawyer speaks for you. Therefore make sure you speak with that lawyer first to ensure he/she is the right one for the job. Find the best lawyer for you today.

What to ask an entrepreneur about their journey?

Asking an entrepreneur what they would change about their journey can help you avoid making those mistakes yourself. You can also use the changes they wish they could make as guidance for developing your business.

What to ask a professional about a career?

When you are interested in a particular career path, you may find it helpful to ask a professional in the field about their experiences . Entrepreneurs can take many routes to success, so speaking to successful individuals can provide you unique insights to guide your career. This guidance can help you develop effective strategies ...

What is an entrepreneur?

An entrepreneur is an individual who creates, launches and operates businesses. Navigating this career path can come with challenges, but you can obtain guidance by having an informational interview with a successful entrepreneur. During this conversation, you can ask questions that help you gain insights into this career path. For example, you may ask about mistakes they have made or challenges they faced along their journey. By asking these questions, you can feel more prepared to avoid or overcome those challenges as an entrepreneur.

What does it mean when an entrepreneur has an a-ha moment?

An "a-ha" moment represents a revelation or epiphany that an individual has. In this situation, it may represent the moment an entrepreneur realized that they had a winning business idea. Often, entrepreneurs may come up with many business ideas before finding one that works.

Do you need compromises to develop a business?

Developing a business may sometimes require compromises. While often necessary, you may find it insightful to learn about where the entrepreneur is not willing to compromise or negotiate. These items might align with their values or mission as a business.

What should a lawyer review with their clients before trial?

Every lawyer should review with their clients the possibility of a negotiated resolution prior to trial. In criminal matters, for example, you may be able to get a good plea bargain. In civil cases, your lawyer might propose mediation, a settlement negotiation process involving a neutral third-party.

What is the importance of having a lawyer?

Getting a lawyer with the right legal background is essential, but it is also important to know whether your attorney has experience with the judges who will likely preside over your case. If yours is a criminal matter, it is important to know if your lawyer knows the local prosecutors. This courtroom experience can greatly enhance your lawyer’s ability to evaluate the likely outcomes in your case and give you advice that you can rely on.

How can a lawyer save you money?

Your lawyer can often save you money by delegating routine tasks to firm employees who charge a lower hourly rate. However, your lawyer should be involved in all key aspects and decisions of your case, or should explain to you why a colleague can handle some important part of the matter just as well.

Why is it important to choose the right lawyer?

Choosing the right lawyer is a very important decision—whether you were in a car accident, have a medical malpractice claim, or find yourself the target of a criminal investigation. Referrals from friends or co-workers can be great, but you need to do your homework to make sure you have the right attorney for the job.

How to discuss case strategy?

In discussing case strategy, your lawyer should give you an estimate of how much time it will take to get to a resolution. Keep in mind that your lawyer does not control the pace of the process and cannot make any promises about when it will be over.

What is a conflict in a lawyer?

If the lawyer’s representation of prior or existing clients would limit the attorney’s ability to represent you, there is likely a conflict. For example, if you want to sue a hospital that the potential lawyer regularly represents, there would be a conflict. A conflict might also arise if the attorney you are interviewing has already been hired by ...

How to feel comfortable with an attorney?

You should feel comfortable from the beginning of your attorney-client relationship that you will be able to have regular communications with your counsel. Make sure that you exchange contact information and agree on the ways that you will stay in touch.

How to do things differently as an entrepreneur?

Translating your personal values, vision and expectations into a functioning business can take time, effort and experience. While ingenuity and vision are important qualities for entrepreneurs, learning how to communicate and share your goals with others can be an important skill as well. Try to gain insight from their answer that you could use to spread your ideas and keep the core values within your business stable.

What to expect in entrepreneurship?

In entrepreneurship, some challenges can be inevitable. However, learning what to expect can help you prepare for challenges before they arise. Not all challenges are negative, learning from early obstacles can help you grow your business, refocus your efforts and teach you important recovery skills. Their answer to this question can also reveal a lot about how much they overcame to achieve their success. Stories like these can serve as inspirational reminders to persevere even when things don't go the way you expect.

How does entrepreneurship work?

Entrepreneurship can be a long and involved process. Many new ventures experience initial setbacks and unexpected deviations from their original goal. Entrepreneurs that can adapt and remain flexible often find new opportunities that allow them to grow into something unique and effective.

What are the traits of an entrepreneur?

Because of this, it can be helpful for entrepreneurs to possess traits like perseverance, tenacity and ingenuity that can facilitate their journeys. Related: The 9 Different Types of Entrepreneurship.

What does it mean to draw on your interviewee's career experience?

Drawing on your interviewee's career experience and personal growth can help you evaluate your own priorities.

What is the importance of executing an idea?

Executing an idea can require confidence, commitment and determination. Learning what motivated an entrepreneur to take action toward implementing their idea can help you evaluate your own ideas, motivators and challenges. 2.

Why asking an entrepreneur questions is important

Entrepreneur is a term that refers to someone who creates, launches, and operates enterprises. While navigating this professional route might be difficult, an informative interview with a successful entrepreneur can provide direction. You can ask questions throughout this chat to obtain insight into this career path.

Questions to ask entrepreneurs

If you have the opportunity to conduct an informative interview/informational interview or chat with a successful entrepreneur, the following are some sample questions to ask:

Additional questions to ask an entrepreneur during an informational interview

Here are twelve more questions to ask an entrepreneur in order to learn more about their job and establish rapport.

Why do you ask questions in a law firm interview?

Asking questions during a law firm interview matters because the answers provide you with helpful information about the firm and your potential role. Having questions prepared also shows the law firm your values, work ethic, and priorities. Preparing can help you appear more confident during your interview, as well.

How to communicate your desire to be part of a law firm?

To effectively communicate your desire to be part of a law team, you must prepare thoughtful questions in your interview. Asking these can help you gauge whether the firm is a good fit for you, and it sets you apart from other candidates. Let's look at some tips to consider when preparing questions to ask during a law firm interview, ...

Why is it important to prepare for an interview?

Preparing can help you appear more confident during your interview, as well. Relevant questions show your intelligence, analytical thinking skills, and initiative. Although it is a small step to take during your interview preparation, having questions establishes you as a strong candidate for the law firm.

Can associates work as partners?

In some cases, associates can work their way up to being partners. While other firms might have different routes and opportunities, such as a chance to lead firms in other cities, it will depend on the leadership structure within the firm and its size.