Its inevitable, if you have or plan to start a business, you are going to need a legal experts help. Whether it’s deciding on the type of business to register, maintaining your Minute Book (Yes apparently this is a requirement. Who knew?) or help reviewing a legal contract, at some point you will need legal advice or guidance. Here are several critical considerations that you should keep in mind:
1. Expertise: It’s important to find a lawyer who specializes in SMB law and has experience working with businesses similar to yours and understand your local laws which can vary from province to province and state to state. They should be knowledgeable about the legal issues that can arise for SMBs, such as contracts, employment law, intellectual property, and taxes.
2. Communication: A good SMB lawyer should be able to communicate with you in a clear and understandable manner. They should be responsive to your questions and concerns and keep you updated on the progress of your legal matters.
3. Cost: It’s essential to understand the cost structure of the lawyer’s services, including their hourly rate and any additional fees. You should also inquire about the payment options available and whether the lawyer offers any discounts or flat fees for SMBs.
4. Availability: You need a lawyer who is available to handle your legal matters when you need them. Ensure that the lawyer you choose has the capacity to take on your work and will be able to meet your deadlines.
5. Reputation: Look for a lawyer with a good reputation in the SMB community. Check online reviews, speak with other business owners who have worked with the lawyer, and ask for references.
6. Compatibility: You will be working closely with your SMB lawyer, so it’s essential to choose someone with whom you feel comfortable. Look for a lawyer who is a good listener, respectful, and who shares your business values.
By considering these critical factors, you can choose the right SMB lawyer to help you navigate the legal landscape and protect your business.