Business Lawyer Crucial in Business Formation Strategy

Business Lawyer Crucial in Business Formation StrategyStarting a business without the advice of legal counsel could be one of the biggest mistakes you ever make. A prime candidate to meet the needs for business consultation would be a business lawyer with expertise on corporate matters and start-up ventures.

There are basically two types of business lawyers. There are those who handle lawsuits (business litigators), and those who primarily handle corporate and contract matters (transactional lawyers). Some lawyers are exceptional at both.

If you are starting up a small business where the ownership will be closely held, the organizational issues may not be too complicated. But it’s worthwhile to try to look to the future needs of your business as it continues to grow. For example, think about retaining a lawyer or a law firm with expertise in areas that may better cover all of your anticipated business needs. It may be a good idea to look at a “full service” firm that does both transactions and litigation.

Unless there are special circumstances, you’ll want to hire a lawyer who is licensed to practice law in your state and has an office located near your principal place of business. For information in the DuPage County Illinois area, contact The Gierach Law Firm at (630) 756-1160.