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Top Paradise Valley, AZ Business Law Lawyers Near You

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Paradise Valley Business Law Information

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Lead Counsel Verified Attorneys In Paradise Valley

Lead Counsel independently verifies Business Law attorneys in Paradise Valley by conferring with Arizona bar associations and conducting annual reviews to confirm that an attorney practices in their advertised practice areas and possesses a valid bar license for the appropriate jurisdictions.

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Are you Involved with Business?

Business law, also referred to as commercial law, refers to the different laws that govern business entities in all types of commerce, including sales, trade and merchandising. Business entities can be any type of business from a sole proprietorship to a partnership or a corporation. Any entrepreneur wanting to start a business in Paradise Valley will end up knee deep in many types of business law decisions, which will require different sets of skills.

What Business Law Covers

Business owners are faced with countless business law situations, which can range from starting a business and choosing its legal structure to business finances and taxes. These decisions could make or break your financial future and the stability of your business. A business law firm will be able to guide you through these decisions.

The hiring and firing of employees also falls under business law as does forming the right business partnerships. Creating legally binding contracts is crucial to your business being successful. A business law firm can help you with these situations as well.

How do you start a business?

If you decide to start a business, you should be ready to do some careful planning. What will your goals be? What are your products? Who are your customers? How will you get the money you need to start? Will you have employees? How will you incorporate? A business and commercial law attorney can help you answer and work through all of these questions.

How do you write a business plan?

The U.S. Small Business Administration, along with state and local government agencies, all provide good advice on what to include in a business plan. It should include answers to the above questions and provide any information that you think any potential investors will want to know.

How do you get a business license?

Your state government will have information about any permits and licenses you will need for your business. In some lines of business, there will be other federal and local permits you need as well, such as a liquor license. A business and commercial attorney can help you address every detail in getting your business off the ground, helping you avoid any unnecessary errors that can cost you time and money.

Best Time to Seek Legal Help

No matter what your legal issue may be, it is always best to seek legal help early in the process. An attorney can help secure what is likely to be the best possible outcome for your situation and avoid both unnecessary complications or errors.

How to Prepare for Your Initial Consultation

Prepare for your consultation by writing down notes of your understanding of the case, jot down questions and concerns for the attorney, and gather your documents. Remember that you are trying to get a sense of whether the attorney has your trust and can help you address your legal issues. Questions should include how the attorney intends to resolve your issue, how many years he/she has been practicing law and specifically practicing in your area, as well as how many cases similar to yours the attorney has handled. It can also be helpful to broach the subject of fees so that you understand the likely cost and structure of your representation by a specific attorney and/or legal team.

Types of legal fees:

Bill by the hour: Many attorneys bill by the hour. How much an attorney bills you per hour will vary based on a number of factors. For instance, an attorney’s hourly fee may fluctuate based on whether that hour is spent representing you in court or doing research on your case. Attorneys in one practice area may bill you more than attorneys in a different practice area.

Contingent fee: Some lawyers will accept payment via contingent fee. In this arrangement, the lawyer receives a percentage of the total monetary recovery if you win your lawsuit. In sum, the lawyer only gets paid if you win. Contingent fee agreements are limited to specific practice areas in civil law.

Flat fee: For “routine” legal work where the attorney generally knows the amount of time and resources necessary to complete the task, he/she may be willing to bill you a flat fee for services performed.

Common legal terms explained

Personal jurisdiction – Requirement that a particular court have authority over a person, in order to bind that person to the judgment of the court, based on minimum contacts. International Shoe Co v. Washington is a landmark Supreme Court case outlining the scope of a state court’s reach in personal jurisdiction.

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