If you have ever embarked on any entrepreneurial activity, you know that it takes more than hard work to get to success. As an entrepreneur, you have tapped the services of other professionals to get your business on track. Whether you are an owner of a startup or a veteran with a chain of business to your name, you will need the help of two professionals — an accountant and a lawyer.
The need for an accountant is obvious, as there will always be financial matters to be dealt with. Hiring a lawyer is not a usual concern for a starting business, especially if it is a startup. While there are many business lawyers in Townsville, it will be in your best interest to get the best. Here are three essential questions to ask.
1. Are you experienced?
Like doctors, business lawyers are becoming increasingly specialised. Simply because a lawyer has been practicing for decades doesn’t mean that they’re the right fit for your business. Someone who operates more on criminal law and who has representations connected to it may not be a good fit for your business.
On the minimum, your business lawyer should have experience in drafting contracts, coordinating with business organisations, and has extensive knowledge about taxes and licenses, as well as intellectual property.
2. Do you have references?
Besides experience, another essential thing to look for in business lawyers is reputation. You don’t want to be dealing with somebody who is shady. Remember, a good work often speaks for itself and a reputable lawyer would not hesitate to give you the names of their former clients. Do the homework and interview these people.
3. Are you a good teacher?
It is essential to learn the ins and outs of the legal side of your business from a lawyer. This can only be done, however, if they’re willing to teach you. A good lawyer is able to teach you (in easy terms) how each legal process relating to your business works.
Every entrepreneur dreams of having a successful business. This can only be done with the help of other professionals. Be sure to get a quality business lawyer by asking these three questions.