If you’re starting a business or planning to do so, choosing the right legal entity can make all the difference. Colorado offers several different types of business structures, from LLCs to corporations. Selecting the right business attorney will help you determine which structure is best for your company and ensure you choose one that minimizes liability and protects your assets.
Reputation
Reputation is a powerful force that dictates what people believe about individuals, companies, products, and services. The right business attorney can make all the difference in your company’s success. That’s why finding the right one should be your first step. You can find the right lawyer for your needs in several ways, including asking friends and family for recommendations or searching online for business attorneys near you.
Once you’ve found a few potential candidates, scheduling consultations to get to know them better and determine how well they suit your company’s needs is important. During these consultations, you can ask many questions, and the best candidate for your company will likely emerge.
Experience
You should ask potential business attorneys a few key questions before hiring them. These questions will help you determine whether the lawyer you are interviewing is right for your needs and if they have the experience to help you achieve your goals. One of the most important questions you should ask a prospective Denver business attorney is, “How much experience do you have?” This question will show you how well they know their legal field and how they would handle your specific legal issue. An experienced business attorney can assist you with a wide range of matters, from drafting the contracts you need to start your business to represent you in litigation cases that can put your company in peril. In addition to assisting with the formation of your company, a business attorney will help you choose the proper tax structure for your business and ensure that it aligns with your personal and financial goals. This will ensure that your business taxes are minimized, your liability is reduced, and your profits are maximized.
Fees
If you are a small business owner, you know that the right business attorney is essential to running your company. Their expertise and guidance can help you make wise decisions that will impact your business long-term, such as hiring and firing employees, making legal agreements, or reducing your liability. You should begin with a consultation (or interviews) when looking for a small business lawyer. This is a time to discuss your specific needs and ask questions. In addition, you should ask potential attorneys about their fees. Hourly rates vary between attorneys and law firms and can be a major concern for businesses within a budget.
Personality
Personality is a key metric when choosing the right business attorney for your company. You want someone who can provide your business with the best possible service and help you grow it into the next big thing. Thus, the personality of your business attorney is also a factor in the success of your business.