Essential Questions to Ask Your Florida Business Attorney

What experience has the Florida business attorney had with startup businesses?

Experience gives the attorney the ability to analyze the initial needs of the business fairly quickly. An experienced lawyer will be able to analyze your company and project its needs and the overall potential for future growth.

Will the Florida business attorney devote sufficient time to the legal needs of the client?

Not only in business, but also in everyday life, detail is key; no two clients have the same legal needs. Every lawyer has a finite amount of time each day. Your Florida business attorney must be able to devote as much time as needed to address your unique needs.

Is the Florida business attorney a specialist?

Generally, lawyers who “do it all” might not be as well-versed in the specific area you require them to be for your business matters. When hiring a Florida business attorney, it is important to have a clear idea of the kind of legal services you need and then look for a specialist in those services.

Does the Florida business attorney have a history of complaints regarding misconduct?

While there are many times when client complaints are erroneous and are filed by disgruntled clients, it is very important that you know the circumstances in which those claims were filed for full disclosure.

What is the best way to protect personal wealth from business risks for small business owners?

Choose a business structure that protects them from personal liability, such as a multi-member LLC structure.

What are small business owners usually most confused about?

Most small business owners are usually confused regarding the need for competent counsel during the first few stages of the creation and development of the business. While this might sound obvious, a large number of small business owners minimize the need for counsel — and they usually pay a high price for that mistake later on.

How can expert legal services help a small business grow?

Quality legal services provided by experts help small businesses grow simply because growth comes when you minimize costly business mistakes during the key developmental stages of your company.

How can expert legal services help small businesses save money?

Ultimately, small businesses that have counsel at the first stages of their development and establish a mutually beneficial, long-term relationship with experts of the law can effectively mitigate costly litigation or losses due to bad contracts or wrong business moves, which affect the business.

How can small businesses maximize the value of their legal representatives?

Small businesses can maximize the value of their legal services by entering long-term relationships with their legal representatives. If a small business is committed to its success, it must be willing to commit the resources necessary to establish these crucial relationships. Most of the work done by lawyers for small businesses addresses after-the-fact issues when attorneys are requested to undo or fix things that could have been avoided had the business committed to the retention of a legal representative.

Should business partners have the same amount of equity in a company?

There must be a decision-maker in every business. If partners want an equal interest in the business, there must be an independent mechanism for them to break a tie, so the business can move forward and not be stuck on this type of issue.

What are the main three things small business owners should take into account when purchasing an existing business?

Determine the value of the business accurately. Perform the due diligence reviewing customer lists, advertising materials, sale records, and employee contracts. Determine the reason why the business is for sale and whether there is something hidden behind a pretty façade.

Starting a business can be an exciting and highly gratifying endeavor. However, it is not free of complexity. No matter how big or small a business is or how much capital you have, creating a business from scratch takes a lot of time and effort. There are many steps that need to be taken before you can begin operations. The good news is: you don’t have to do it alone. In fact, you should never do it alone. No matter how capable you think you are, creating a business always comes with unpleasant surprises you might not be ready to handle. That is why it is extremely important to hire a skilled and experienced team of Florida Business Attorneys to help you from the very beginning, consisting of a team of qualified professionals with whom you can establish a long-term relationship.

At Jurado & Farshchian, P.L. you will surely find those professionals.

If you are starting a business in Miami or anywhere in Florida, no matter the size, call us today at (305) 921–0440 or send us an email to [email protected] to learn how we can help your business reach the level of success you’ve always dreamed for it.

Read more at Startup Owners – Essential Questions to Ask Your Florida Business Attorney