Thursday, November 19, 2009

There are 2 additional experts you need on your team.

There are 2 additional experts you need on your team!
A Lawyer & a Real Restate Broker
How to choose a lawyer?
The following factors and questions should be considered when choosing a lawyer.
  • Do they know and/or get along with your accountant? In my opinion your account is your most important team member. Therefore, the other team members must be compatible with him or her.
  • What type of law do they practice? You will want a lawyer that specializes in business, tax and real estate law. (In small towns, it is more likely to find lawyers who are generalists)
  • Are their fees afordable? Yes, lawyer fees are negotiable. Do not sign any long term payment arrangements.
  • Do they return calls and get back to you quickly? Ask around the business community. Ask what their policy is.
  • What is your "gut" reaction?

To start you will need a lawyer to do the following:

Set up corporation and/or partnership papers.

File for a fictious name license

Review your lease.

*Special note--There are a lot of these you can do yourself.

Lawyers can only charge for their time and expertise. You do not have their expertise. However, you can do the simple tasks that require time.

  • You can file for your cosmetology/nail/barber license.
  • Open your own bank accounts.
  • File for local permits.
  • Collect data for the things the lawyer will do.
  • Do special mailings--certified. etc.

Be certain to request and keep copies of everything that your lawyer does for you.

No comments:

Post a Comment