Key Considerations for Choosing the Right Business Attorney
An experienced business attorney, sometimes called a transactional attorney, should be a trusted advisor to help you through some of the most critical times for your business. The good news is hiring an experienced business attorney doesn’t have to break the bank.
Many business owners are intimidated by the prospect of hiring a business attorney and justify their delay by convincing themselves it will be too expensive, or they can “wing it just this once.” Others resort to do-it-yourself legal forms thinking that one-size-fits-all forms are an adequate substitute for experienced business counsel. At Saunders, Walsh & Beard we have seen firsthand the legal expenses, wasted time, and damages often resulting from the use of DIY legal forms and reluctance to proactively engage a business attorney.
When do you need a business lawyer?
The best time to hire a business lawyer is before there is a crisis. Starting and running a business involves risk. This risk tolerance, coupled with big picture vision, is something we admire about our business clients. However, being risk tolerant is different than being reckless. A good business attorney, who truly understands your business as a trusted advisor, can help you understand, foresee, and avoid/mitigate risks that are costly to your business—both in terms of time and money.
What can a business lawyer help you with?
- Choosing the correct business entity;
- Buying or selling business assets;
- Drafting and negotiating contracts;
- Drafting founder agreements;
- Buying or selling real estate;
- Reviewing or revising leases;
- Raising money;
- Reviewing contracts;
- Handling employment issues;
- Handling litigation issues;
- Protecting trade secrets and confidential information;
- Drafting and reviewing non-compete agreements.
Which firm and lawyer are best for you?
Once you have determined you need a lawyer, you should research potential attorneys and law firms. Law firms are not a one-size-fits-all solution. Many of the largest firms are cost-prohibitive for new or small businesses. Small firms and solo practitioners, while typically less expensive than larger firms, often lack the skills, staffing, and support needed to help you grow your business. Look for a law firm that offers flexible fee and payment arrangements (e.g. hourly, flat fee, etc.), reasonable rates, and a broad range of expertise. Above all, your business lawyer should be someone you trust and enjoy working with.
At Saunders, Walsh & Beard we appreciate the opportunity to be a part of your team. Your success is our success and we look forward to helping you start and grow your business. If you or your business need strategy, advice, or assistance, our attorneys are here to help. Call or email us today.
Saunders, Walsh & Beard is a business and litigation law firm in McKinney, Texas. Formed in 2012, today SWB has more than 16 attorneys. The firm assists individuals and businesses with commercial, business and tort litigation, construction law, corporate and partnership formation and expansion, employment law, insurance disputes, judgment collection, personal jurisdiction, and real estate. We believe the client’s “experience” is of paramount importance. Explore our practice areas and see why the attorneys of Saunders, Walsh & Beard are ranked by their clients and peers as among the best in their fields.