Businesses need the help of lawyers sooner or later. The sooner you find a law firm that matches your needs, the better. You might be better off finding a law firm that has lawyers with a variety of specialties. Businesses often need lawyers with expertise in three areas of law.
Business lawyers typically can help you with a variety of matters, including selecting the structure of your business, forming that entity in compliance with statutory requirements, assisting you with startup financing transactions and drafting your contract firms and legal documents. You might want to consider financing from the U.S.
Small Business Administration. These transactions are fairly sophisticated, so you may want to look for a lawyer experienced in SBA loans if you seek that type of financing.
Litigators may be needed if an outside party brings legal action against you or you decide to bring legal action against a third party.
Employment attorneys will be needed if your company has employees. It is important for you to understand labor laws.
Finding an attorney
Word of mouth might be the best way to find an attorney or law firm that fits your
needs. Trade associations and other organizations that are tied to your industry may
also have suggestions. The Virginia State Bar has a referral service at
http://www.vsb.org/site/public/lawyer-referral-service.
Once you have a list of attorneys or firms, meet face to face with them. Find out
whether the firm has experience with businesses similar to yours and ask whether they
keep abreast of statutory changes and judicial decisions.
Make sure you discuss costs and fees ahead of time. Most law firms charge on a per-hour
basis but some charge a flat fee. Many law firms will ask that you sign a
fee-arrangement letter so that both parties fully understand the cost and fee structure
ahead of time.
Alternative resolutions
Court isn’t the only way to settle disputes that arise during business
transactions. One option is mediation, where a neutral third party meets with the two
parties to find a resolution without the expense of a court trial. A mediator can be
found through your local chamber of commerce. Some law firms also have lawyers who
specialize in alternative dispute resolution.
Another method is arbitration, which is essentially like a private court. The two
parties present their cases to an arbitrator or an arbitration panel. Arbitrators’
decisions are binding, and they often hand down decisions more quickly than a judge
does. Arbitration is another legal method that is cheaper than a court trial.
Virginia Lawyer Referral Service
The Virginia State Bar offers a referral service that matches people’s needs with
lawyers’ expertise. The service is available by calling (804) 775-0808 during normal
business hours. A referral specialist will listen to the caller’s needs and provide a
name and telephone number of a lawyer in the caller’s community with expertise in that
area. The client can then set up an appointment with the lawyer. The original half hour
consultation will cost $35.
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