Business Lawyers

What does a business attorney do?

A business attorney advises business owners on the many legal matters that affect business formation, operations, and disputes. Some of the matters a business lawyer may advise on include:

• Business formation and structure: an attorney can advise as to whether a company should be structured as a sole proprietorship, partnership, LLC, S corporation or another legal entity, and assist with the paperwork and legal steps involved.
• Contracts: both drafting contracts, waivers, and agreements for employees and clients, and handling contract disputes and breach of contract matters.
• Compliance and risk management: advising on potential legal trouble and developing strategies to monitor and limit risk.
• Mergers and acquisitions: when two companies join forces or one buys out another, both businesses need legal representation to ensure their interests are protected.
• Real estate and property disputes: whether the business owns or rents property, agreements around the physical space need to be negotiated and disputes resolved.
• Intellectual property: assisting with copyright and patent applications, nondisclosure agreements, and other steps to protect intangible assets.
• Litigation: an attorney can protect a company’s interests in a discrimination or harassment suit from an employee, an action by a client or vendor, or a state or federal investigation.
• Crisis management: legal advice is critical in a company’s response to a crisis to mitigate damage and minimize long-term consequences.

A business lawyer may have an ongoing relationship with a business owner, or they may be called in to assist with a dispute or crisis. 

How much does a business attorney cost?

Business lawyers usually bill by the hour, with rates ranging from $150 to $600 or more depending on experience, jurisdiction, and the complexity of the matter to be handled. Some attorneys may charge a flat fee for routine matters, such as drafting a standard nondisclosure agreement or setting up an LLC. Note that fees paid to the attorney are separate from fees paid to the government, such as incorporation fees.

How do I choose the right business attorney?

Business law is complex and highly specific to your industry or field. When you’re looking for a business lawyer, you need someone who understands your business niche, not just business law in general. It’s important for business attorneys to look at your business holistically, looking at the long-term, and to prioritize handling business matters in a manner that protects your interests within your budget.

Every business owner needs a lawyer eventually, and getting good legal advice sooner is the best way to avoid costly problems later. Speaking with an experienced business attorney in your area is well worth the effort.