Focus on Mom & Pop Shops: How to Choose a Small Business Lawyer to Protect Your Investment in a Family Business

If you own and operate a mom and pop business, you will want to consider your legal options with a small business lawyer.

Focus on Mom & Pop Shops: How to Choose a Small Business Lawyer to Protect Your Investment in a Family Business

Since smaller businesses are owned by sole proprietors or are entirely family owned—they typically represent a lifetime of work and investment. Assuring that you protect this lifetime of work, and your integrity, is bar-none. Choosing a small business lawyer can be a difficult task. The following tips can help you during your search for one.

Understanding the Need for Small Business Lawyers

Never underestimate when or why you might require an attorney. The truth is that unless you know the future, you’ll benefit from legal guidance. Even the best lawyers hire other lawyers for legal affairs, which should tell you something. In short, any strong business plan nearly always calls for a qualified attorney to be on board from day one.

Finding the Right Attorney for Your Business

A helpful article that was published on Technori offers some advice about procuring the ideal small business lawyer. In the article, the first point made is to look for a lawyer that harbors the same vision as you do for your business. Doing so, the article says, can help you better find the attorney who is best suited for offering you the advice and counsel that you need regarding the operation of your entity.

Discussing Your Concerns

One of the goals of a small business lawyer is to offer you legal counsel and that also means that they listen to and address your concerns. Even if you are still looking for the lawyer that you want to hire as your legal counsel, understand that you can voice any concerns and even talk about trade secrets. This is because you will be under attorney-client privilege, and that means that your conversations are protected under law, even if you never hire that particular attorney. Make sure you discuss any and all concerns with every lawyer you meet to find the one that you think is the most experienced for the job.

Understanding Rates & Billing

You need not scowl about rates and billing because most small business lawyers are more reasonable than you might think. Do discuss your billing options, what their rates are and how they bill out. You may be able to work out a lucrative retainer agreement with an attorney that works to both of your benefits for your small business needs.

Hiring a Small Business Lawyer

When you have decided which attorney is best suited for your small business needs, you’ll want to take the next step and actually hire them to represent your business. This will typically involve you signing a contract and tendering a retainer to the lawyer. Generally, most lawyers issue monthly statements that entail what services they performed and what rate they charged. Once your retainer has been exhausted to a certain extent, they will typically require that you add more funds to your balance. Understanding how lawyers operate will be helpful in you choosing the one that’s best suited to represent your interests.

A small business lawyer should always be a consideration when focusing on your operations. Experienced law firms like Cohen Schneider & O’Neill law can help you better manage any legal related matters while also assuring that you have preventative measures in place that protect you from common mishaps related to small businesses and legalities. Owning and operating a small business is part of the American dream. Just ensure you safeguard yourself in advance with a qualified legal specialist on your side.

About Nate Goodman

Nathan Goodman is a freelance fiction writer and the bestselling author of The Special Agent Jana Baker Spy-Thriller Series. "A terrorist on the loose, a country in panic, and time is running out..." For a free copy visit the author's website.