Choosing the right business attorney can save you time, money, and stress. Here are 10 key questions to ask before you decide what lawyer to hire:
1. What type of business entity is best for me?
LLC, S Corporation, C Corporation, or Partnership — each has different liability protections and tax implications.
2. How can I protect my personal assets?
Ask about strategies like forming the right entity, maintaining corporate formalities, and using contracts effectively.
3. What contracts do I need to run my business safely?
From client agreements to vendor contracts, a lawyer can identify which documents are essential for your industry.
4. What are my obligations as an employer?
Get clear on employee vs. contractor classification, workplace policies, and compliance with labor laws.
5. How do I protect my intellectual property?
Your attorney can help with trademarks, copyrights, NDAs, and strategies to safeguard trade secrets.
6. What licenses or permits do I need?
Requirements vary by state and industry. Compliance from the start prevents costly penalties later.
7. What insurance should I carry?
A lawyer can advise on coverage that protects against lawsuits, employee claims, or data breaches.
8. How do I handle disputes without going to court?
Ask about contract provisions, mediation, arbitration, and collection strategies for unpaid invoices.
9. How can I plan for growth or a future exit?
Discuss structuring investments, bringing in partners, or preparing to sell the business down the road.
10. What tax strategies should I consider?
From S Corp elections to multi-state sales tax, your attorney can coordinate with your CPA to minimize tax liability and maximize the money you take home to your family.
Business Law Group answers these questions during any of our LIFT Strategy sessions. We will help you spot risks you didn't even know existed.
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