There are primarily two task delineations any business of any type and size will need for guaranteed: an accountant and a lawyer. The major reasons for getting an accountant are pretty clear--you need an economical expert to help you set up your chart of accounts, inspect your numbers infrequently, and make all of your essential federal, state and local tax returns. The reason for hiring a business attorney may not, however, be so ostensible. A reputed business attorney can provide crucial assistance in almost every stage of your business, from basic zoning submission and copyright and trademark advice to full-fledged business incorporation and lawsuits and liability.
If you are facing litigation, it’s very twilight. Most small businesses put off employing a lawyer until the sheriff is resting at the door serving them with a summons. The time to engage with one of the commercial legal firms in London is before you are prosecuted. Once you have been served with a summons and grievance, it’s become late--the tragedy has already taken place, and it’s just a question of how much you will have to pay (in court fees, attorneys' fees, settlements and other incidentals) to correct the problem.
Big firm or small business? In general, the larger the law firm, the bigger the overhead, thus the higher the hourly rates you will be supposed to pay. Still, legal firms in London have a number of benefits over smaller ones. Over the past few years, lawyers have become extremely dedicated. If you use a single practitioner or small firm as your lawyer(s), it’s possible that they will not have all the skills you may need to grow your business.
Are you experienced? Don’t hesitate to ask direct questions about a lawyer’s experience. If you know you want to incorporate your business, for example, ask if he or she has ever managed incorporation.
Are you well-joined? Your business attorney should be something of a legal internist -one who can identify your problem, carry out any minor surgery that may be required, and refer you to local authorities for major surgery if required. No lawyer can possibly understand everything about every domain of law. If your business has specialized legal needs (a graphic designer, for example, may need someone who is familiar with copyright laws), your attorney should either be familiar with that distinctive area or have a working relationship with a person who is. You shouldn’t have to go parasitic for a new lawyer each time a different type of legal problem comes up.
Do you have other clients in the running industry? Your attorney should be slightly familiar with your industry and its legal setting. If not, he or she should be ready to learn the ins and outs of it. Examine your candidate’s shelf or journal rack for copies of the same journals and professional literature that you read. Be aware, however, of attorneys who signify one or more of your competitors. While the legal code of ethics (yes, there is one, take it or not) requires that one of the law firms in London keep everything you tell him or her strictly intimate, you do not want to risk an unintentional leak of subtle information to a competitor.
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