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Why Business Lawyers Are a Necessary Expense

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Lawyers can be expensive. I myself am a victim’s attorney, so my contingent fees come at the end of my cases, out of money that I recover for my clients, not up-front. But I also happen to be a business owner, so I know that in order to be successful, you must be willing to spend money on a good business attorney. Despite the significant initial expense, not having the right lawyer to advise you about your new business can end up being far more expensive in the long run.

So how do you find that attorney, what should you expect, and how do you get the most bang for your buck?

The moment you decide to start a business is the moment when you need an attorney. You should have a lawyer for your business before you face a lawsuit or an audit. Once you’re in a courtroom, the costs of a litigation specialist will dwarf what you may have spent on an attorney to set your company up properly.

A small-business lawyer who works with startups can help you determine the type of business entity you want to form corporation, partnership, limited liability company and can prepare the paperwork for filing. A good startup lawyer will help set you up correctly so you avoid legal problems down the road. This is money well spent.

As your business grows, you may find that you need other attorneys for different matters, such as tax advice, intellectual property, contracts and real estate. The steps you used to find your........

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