When starting up a business, the one that which will eventually have to be addressed is the potential of legal issues. No matter how careful someone is when running his or her business, legal problems are inevitable. Whether it be a disgruntled customer, a disgruntled employee, or even a disgruntled competitor, someone will ultimately become disgruntled and in business, disgruntlement is just a long word meaning legal issues. So, how does one deal with this unavoidable matter? The answer is getting a good lawyer or, in the case of a business, getting good lawyers.
How Do I Find a Good Team?
When looking for your legal team, it is advised to find one that has experience with business practice. Despite what popular media would often say, one lawyer is not indistinguishable from another. There are criminal lawyers (the most commonly seen on television), divorce lawyers, business lawyers, and many more differing types of lawyers, each with its own specialised range of knowledge. Business lawyers are the kind that a business owner would be looking for. So how does one find a business lawyer?
Just as with bees, lawyers come from a hive, and in the legal world, that hive is called a law firm. Also as with bees, lawyers within a single firm will be dedicate to one form of law practice to ensure that a legal team can be easily built. Fortunately for business owners, lawyers, unlike bees, will come out of their hive without the client having to prod them with a stick. Instead, the prodding is done with money. This bit of humour aside, lawyers are quite crucial to the startup of any business and finding the best law firms for startups can be as important as simply having one. Going back to the issue of money, one consideration for an ideal law firm is the cost of service. This can be, on average, around two hundred and fifty pounds per hour, though some can get as high as two thousand pounds per hour. Really, the price depends on the size and reputation of the firm; a bigger, more veteran firm will be more expensive than a smaller one. So the quality and affordability of one’s team, as with all things, plays a game of give-and-take.
Why Would I Need a Legal Team?
A business without a legal team is a ship with no hull. The legal team crucially helps keep the business afloat, to extend the metaphor, and protects those within the business from drowning in the paperwork. If the business runs afoul with an employee and the employee elects to leave, the legal team can be brought in to introduce a settlement. The basically ensures that the employee will drop all grievances that they may have with the business and since it is required by law for the employee to have an attorney present, it is wise to have one’s own legal team to ensure that matters remain favourable with the business. Running a business with no legal team is tantamount to riding a horse with no reins. It can be done but the reins make it so much easier.