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 Brookfield 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.
Top Questions to Ask When Hiring an Attorney
- How many years have you been practicing law? How long have you practiced law in the local area?
- How many cases similar to mine have you handled in the past?
- What is the likely outcome for my case?
In legal practice, experience matters. An experienced attorney will likely have handled issues similar to yours many, many times. Therefore, after listening to your situation, the attorney should have a reasonable idea of the time line for a case like yours and the likely resolution.
Tips on Approaching an Initial Attorney Consultation
- Use the consultation as a means of gaining a better understanding of your legal situation.
- Ask the attorney how many cases similar to yours he/she has handled. An attorney’s experience and knowledge can speak to their expertise (or lack of) in addressing your situation.
- Your attorney should be able to articulate roughly how long a case like yours will take to resolve and what sort of procedures to expect.
- Determine how comfortable you are working with the lawyer and/or law firm.
How to Find the Right Attorney
- Determine the area of law that relates to your issue. Attorneys specialize in specific practice areas around legal issues within the broad field of law.
- Seek out recommendations from friends, family, and colleagues. A successful attorney or practice will typically have many satisfied clients.
- Set up consultation appointments to get a better understanding of your case as well as gauge your comfort level with different attorneys. Find the attorney who is the right fit for your needs.
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.