Business Plan Attorney Acknowledgement For Assignment
A nasty letter from a "powerhouse" law firm with offices in 30 states is a lot more intimidating than a nasty letter from a solo practitioner who is not admitted to practice in the defendant's state.
Also, being connected with a large, well-established law firm may have intangible benefits--they may be willing to introduce you to financing sources or use their name as a reference when seeking partnership arrangements.
The more skills reside in the same human being, the better! Because they tend to be "printed form" documents, you may be tempted to think they are not negotiable. Your attorney should have a standard "tenant's addendum," containing provisions that benefit you, that can be added to the printed form lease document.4. Although your accountant will prepare and file your business tax returns each year, your lawyer should know how to register your business for federal and state tax identification numbers, and understand the tax consequences of the more basic business transactions in which your business will engage.5. If you are in a media, design or other creative-type business, it is certainly a "plus" if your lawyer can help you register your products and services for federal trademark and copyright protection.
Generally, though, these tasks are performed by specialists who do nothing but "intellectual property" legal work.
For a fee, you can also request a search of the ABA's National Lawyer Regulatory Data Bank to see if any disciplinary action has ever been taken against the lawyers you are interested in.The reason for this is bluntly stated by a lawyer friend of mine: "Even though it's a transaction I've done dozens of times, if the other side's lawyer turns out to be a blithering idiot who wants to fight over every comma and semicolon in the contracts, then I can't control the amount of time I will be putting into the matter, and will end up losing money if I quote a flat fee." In such situations, you will have to pay the lawyer's hourly rate.You should always ask for a written estimate of the amount of time involved, and advance notice if circumstances occur that will cause the lawyer to exceed his or her estimate.Someone who does mostly wills, house closings and other "non-business" matters is probably not a good fit for your business.At the very least, you will need the following sets of skills. You will need a lawyer who can understand your business quickly; prepare the standard form contracts you will need with customers, clients and suppliers; and help you respond to contracts that other people will want you to sign.2. You will need a lawyer who can help you decide whether a corporation or limited liability company (LLC) is the better way to organize your business, and prepare the necessary paperwork.3. Leases of commercial space--such as offices and retail stores--are highly complex and are always drafted to benefit the landlord.Go to Find Law , for instance, and you have instant access to thousands of lawyers.You can search by city and state, and several results come up within the area you specify, with details of each firm's background, areas of practice, published works, attorneys on staff and so on.There are two professionals every business will need early on: an accountant and a lawyer.The reasons for hiring an accountant are pretty obvious--you need someone to help you set up your "chart of accounts," review your numbers periodically, and prepare all of your necessary federal, state and local tax returns.If your lawyer says he or she "specializes in small businesses," then he or she should have a close working relationship with one or more intellectual property specialist.Most lawyers will charge a flat one-time fee for routine matters, such as forming a corporation or LLC, but will not volunteer a flat fee unless you ask for it.