Top Stillwater, OK Business Law Lawyers Near You
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Harrison & Mecklenburg, Inc.
Business Law Lawyers | Stillwater, OK
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Ellis & Ellis
Business Law Lawyers | Stillwater, OK
Stillwater Business Law Information
Lead Counsel Verified Attorneys In Stillwater
Lead Counsel independently verifies Business Law attorneys in Stillwater by conferring with Oklahoma 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.
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 Stillwater 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.When to Hire a Lawyer
It is in your best interest to get legal help early on in addressing your situation. There are times when hiring a lawyer quickly is critical to your case, such as if you are charged with a crime. It may also be in your best interest to have a lawyer review the fine print before signing legal documents. A lawyer can also help you get the compensation you deserve if you’ve suffered a serious injury. For issues where money or property is at stake, having a lawyer guide you through the complexities of the legal system can save you time, hassle, and possibly a lot of grief in the long run.
What to Expect from an Initial Consultation
- Seek to determine whether the attorney can represent you. There is no one-size-fits-all legal solution and it may turn out your needs are better served by an attorney in a different specialization.
- It’s important to find a legal ally who is both competent in the law and someone you can trust to protect your interests.
- Discuss how the practice’s billing works and discuss possible additional charges or fees that may arise during or after the resolution of your case.
An attorney consultation should provide you with enough information so that you can make an informed decision on whether to proceed with legal help.
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
Plaintiff – a person or party who brings a lawsuit against another person(s) or party/parties in a court of law. Private persons or parties can only file suit in civil court.
Judgment – A decision of the court. Also known as a decree or order. Judgments handed down by the court are usually binding on the parties before the court.