Lawyers
Lawyers are a vital addition to your
business support team. Their expertise can help you and your business in many ways such as the
following:
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Incorporate your business |
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Draft legal agreements including sales contracts, etc. |
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Draft shareholders agreements |
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Create a will |
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Register property |
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Advise on areas of risk |
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Represent on litigation matters |
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Register patents and trade names |
It is important to hire a corporation lawyer who has the business law experience
for your industry and size of business, and knows when to refer you to a specialist, such as complicated
tax matters, business valuation, etc.
The larger law firms will have lawyers with individual areas of expertise, thus making
it easier to get the best advice. However, the cost can be higher for their services, but, the cost of making
a serious mistake can be mush greater.
The important things to consider when choosing a lawyer are:
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Areas of expertise |
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Accessibility to lawyer within a reasonable length of time |
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Easy communication |
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Fees |
Of course, it never hurts to ask your business associates, banker, accountant,
business coach for a recommendation.
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