LLC 10-B

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Shared by: petemaughan
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LLC 10-B HOW TO SELECT A BUSINESS LAWYER QUESTIONS TO ASK A LAWYER YOU DESIRE TO HIRE: A. Does the lawyer specialize in the practice of business law?  Does the lawyer’s practice include rendering advice regarding the organization, operational, financial, employment, income tax and liability aspects of business organizations?  How long has the lawyer been engaged in the practice of business law?  How many business organizations of the kind you desire has the lawyer organized? B. Does the lawyer practice preventive law?  What is the lawyer’s definition of preventive law? (You want a lawyer who keeps you away from legal difficulties, not one who promises you that he/she will get you out after you are in legal difficulties.)  How is the lawyer going to apply the preventive law concept to your organization?  Is the lawyer aggressive or conservative in his/her advice? Will he/she let you know when he/she is giving aggressive advice? C. Does the lawyer use the “team” approach to the practice of law? (Does he interact with the accountant, insurance person, pension planner and financial planner?) D. How does the lawyer bill for services rendered?  What is the lawyer’s hourly billing rate?  Does the lawyer provide a detailed breakdown by quarter-hour of services rendered?  Does the lawyer “chunk” bill?  Does the lawyer charge a document fee?  What administrative costs are passed to the client? E. Who will perform legal services for you?  Will the lawyer you are interviewing be the lawyer performing your services, or will the work be passed off to a junior lawyer?  If the work is passed off to another lawyer, will the initial lawyer review the second lawyer’s work?  How many lawyers may be involved in your legal work? F. When should I call my lawyer, and how should I prepare for the meeting?  Should I call my lawyer each time I do not understand the legal consequences of some proposed action?  Is there such a thing as a “stupid” legal question?  Is my lawyer willing to help me through those “stupid” questions free of charge or at a reduced rate?  Is the lawyer willing to work with me in the early stages of my business at legal fee rates that I can afford?

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