There are many different business and tax laws to keep up with these days. For the average person trying to start up a business, hiring a business lawyer is vital to maintain proper records and operate on the right side of the law.
With so many business attorneys’ options today, where do you begin? And how do you know if you're hiring the best since you aren't a lawyer?
We know the search can seem daunting. But that's why we're here to help. Below, you'll find a list of three important questions to ask before hiring lawyers for business.
1. Experience
First, be sure to ask, "What experience do you have handling a company like mine?"
It goes without saying that we all want an industry expert. But, do keep in mind that business lawyers can have different areas of expertise, including small business contract lawyers.
Be very detailed with this question. You should not accept one-word answers here.
Add onto this by also asking:
• What industry did you primarily work in?
• When was your last contract?
• Where was it located?
• What size was the company?
After all, you don't want someone with experience in the financial industry in Vancouver if you're a small business biotech startup company in Ontario. And if they don't seem to have a firm grasp on business law, it's time to move on.
2. Strategy
The next question should be, "What strategy do you have in mind for my company?"
Any experienced lawyer should be able to give a detailed and well-developed answer to this question. If they can't give details and seem to be struggling to give an answer, then it's time to move on to the next candidate.
3. Cost
Finally, "What will it cost to hire you?" Every lawyer has their own way of billing. Some charge an hourly rate, while others charge by the job or a percentage of profits.
However, this quote doesn't always cover hidden fees.
You'll find there's often small print that you should be aware of prior to hiring them. Examples include transportation, supplies, or food expenses.
If you're operating under a strict budget, it's important to find out all the details of the cost upfront, so there are no surprises when it's time to pay your bill.
How To Confidently Hire a Business Lawyer
You won't be able to gain a full picture of anyone through a simple interview, no matter who it is. Go armed with questions and make sure you're fully satisfied before "signing on the dotted line."
Still, hiring a business lawyer doesn't have to be daunting. When you ask about their experience, their strategies, and their every cost, you will be able to find the right lawyer for you and your business.
Contact us today to see how we can fit your needs! Here at Picov and Kleinberg, we have the experience and the ability to help you with your business law needs.