If you’re starting a new business venture, or even if your small business has been operating for years, you’re undoubtedly looking for ways to save money.
Many entrepreneurs skimp on hiring a lawyer for a small business in North Dakota, thinking they can do it themselves, or because they simply don’t want to spend the money.
Many business owners are worried about the perceived high cost of hiring a small business lawyer, and only hire a lawyer when they’re confronted with a serious legal issue, like when they’ve been sued by a customer.
While the impact of not hiring a lawyer for a small business may not be readily apparent, hiring a small business lawyer sooner rather than later will save you money in the long run.
A good small business attorney can provide assistance in almost every aspect of your business, from formal incorporation or formation, to contract review and employee issues and, of course, representing you in court.
If you’ve been sued, it’s already too late. Once you’ve been sued, it’s simply a question of how much money you’ll end up paying, and to whom.
A good small business lawyer can help you avoid the lawsuit and, even if there is trouble, can help to minimize the impact. The cost to keep you out of trouble is almost always less than the cost to fix the problem once it’s happened. That is why the small business attorneys at Fremstad Law encourage clients to be proactive, rather than reactive.
One of the first questions you’ll need to answer when choosing a lawyer for your small business is whether you want a big firm or a small firm.
Generally speaking, the larger the firm, the higher the overhead, and the higher the fees.
Also, at a large business law firm, your initial meeting might be with a senior partner, but you’re likely to be passed off to a junior associate.
At a smaller law firm, like Fremstad Law, we pride ourselves on offering our clients personal attention. You’ll have a personal connection with and access to a lawyer who knows your business almost as well as you do.
As a small business owner, you’ll need a lawyer who can advise you on:
Whether you work with employees or decide to hire independent contractors, you need a lawyer to prepare the agreement. It’s also wise to consult with a small business lawyer before you hire or fire employees so that you don’t put yourself at risk for a discrimination lawsuit.
You won’t need a lawyer for each and every issue that comes up in running your business. But when you do, it’s good to know where to find the right lawyer. And - more importantly - you might not know you need a small business lawyer until it’s too late.
It’s important to find a small business lawyer that has the right ‘fit’ for you and your small business. Look for a lawyer who you trust, get along with, enjoy working with, and who has experience with the legal issues you and your small business will be facing.
Of course, you also need a small business lawyer who is responsive, competent, and experienced.
Remember, the real value in hiring a lawyer isn’t just in preparing documents. Rather, the benefit of hiring an experienced small business lawyer lies in helping you figure out and meet the goals and objectives you have set for your small business.
© 2021 Fremstad Law