What Start Up Companies Need to Know Prior to Hiring an Attorney
Startup companies reach several points during which the guidance of an experienced Fort Lauderdale business formation attorney will be both necessary and beneficial, including at their formation, while creating and negotiating contracts, when determining ownership rights and others.
During any of these important steps, it’s a good idea for many startups to work with smaller firms that have the resources and capability to focus on their needs at a clear upfront cost. Below are some important considerations to bear in mind as you hire your next attorney.
Make sure your attorney can address your top priorities at the beginning
There are a few pressing issues that you will need to address as your company launches, particularly the equity and ownership rights of each founder, the type of entity that will be used, and the tax consequences of your business and your entity.
A knowledgeable business formation attorney in Fort Lauderdale can help you determine the best solution for all of these issues. Your attorney can ensure that you have clear ownership rights and responsibilities documented in an agreement from the start, along with the best choice of entity and a clear understanding of its tax implications.
Choose an experienced attorney
There are plenty of unique concerns for startups and new businesses in South Florida such as local regulations, zoning, employment laws, and much more. Experience certainly matters when it comes to providing advice on these very specific issues.
You’ll always want to work with an attorney with many years of experience advising startups in the South Florida region on these matters. This will guarantee that no important regulation or legal obligation is overlooked.
An experienced attorney will also be able to give you a more detailed analysis of your potential risks and determine your biggest priorities no matter what stage of your launch that you are currently in.
Working with a smaller firm can be more efficient for your startup
It’s not necessarily a good idea for startup owners to work with a large law firm, as they are often unable to provide an extensive amount of individualized attention. Startups and new businesses can often get far more personalized and responsive service by working with a smaller local firm, along with clearer costs for budgeting purposes.
Mark Schecter at Schecter Law is a leading business formation lawyer in Fort Lauderdale who can advise you on several different important issues related to your startup or new business launch and its future operation in this region. Contact Schecter Law at (954) 779-7009 for a free consultation.