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Hiring an Experienced Business Attorney

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Finally, you may wish to hire a business attorney to organize your business for you. The general rule is that the bigger you are, the bigger your needs are. So, a simple LLC with one or two owners is fairly simple to set up on one’s own. However, when the number of participants rises, the complexity of the issues increases.

A qualified business attorney can do the following:

• Suggest alternatives and solutions that would not occur to even the most diligent layperson

• Anticipate problems before they arise

• Prepare operating agreement and minutes of the organizational meeting of managers or members according to your specific needs

• Ensure that no federal or state securities laws are violated when interests in the entity are sold to raise capital for the business

How can you find a qualified business attorney?

• Recommendations from friends and associates usually yield excellent matches between attorney and businessperson.

• Local bar associations in major metropolitan areas usually operate referral services. They screen attorneys, so you can be assured of the experience of any attorney you hire.

The rate for business attorneys ranges from $175 to $350 per hour. The lower end of the scale will apply outside of major metropolitan areas and for less experienced attorneys. Business attorneys often charge a flat fee for services such as forming LLCs. You can expect to pay between $500 and $2,000 for complete organization services.

Ultimate LLC Compliance Guide

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