Finding a Lawyer: What to Ask
Choosing the right legal representation is always an important decision, and in the case of a new business seeking legal counsel, it has the possibility of making a huge impact on the company. Approximately 30% of new businesses fail within the first two years, and about half fail within five. Of course, there is always risk in starting a new business, and no attorney can mitigate all risk for the owners and investors of a new business. However, having the right attorney for your business can mean easier, quicker, and smoother operation.
Questions for a Prospective Lawyer
Remember, during this initial meeting, the lawyer will be learning about you and your business plan to determine if you will be a beneficial client for him or her to take on. However, this is also a time when you will be considering whether or not you wish to work with this attorney, so it is important that you get to know him or her. Possibly helpful questions include:
- How much of his or her practice is dedicated to small business formation?
- Has he or she done any work with your type of business? Does he or she currently represent a local competitor?
- What does he or she think your first business step should be? How does he or she think you should begin the process?
- How long does he or she anticipate it will take you to start your business?
- How much will he or she charge for legal advice and representation?
Pay attention to how you feel working with the attorney. Do you have confidence in him or her? Does he or she answer your questions in a way you understand? It is important you both feel well-matched for the relationship to prove advantageous in the long-term.
Contact Us
Finding the right business attorney for your start-up is important. Contact the Austin business attorneys at the law offices of Slater, Kennon & Pugh Ltd.LLP today by calling 512-472-2431. Our experienced and knowledgeable attorneys are ready to meet your business’s needs.