Hiring a Transactional Lawyer to Protect Your Small Business

There’s a certain mystery surrounding starting and running your own business: What kind of legal stuff do I need to take care of? How much will it cost? Am I missing something?

The answers to these questions can seem elusive, and ignorance on these topics can cause anxiety or can result in legal liability. And when you’ve run your own business for long enough, eventually you will hear the terms transactional law, transactional lawyer, or transactional attorney, with a subtle suggestion that these things relate somehow to relieving your anxiety, to solving the mystery. Continue reading

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Legal Advice and Your Business Partnership

Recently, an Evolvitas Law client decided to open a business with a few friends. They were inexperienced, had a small budget, and had no legal counsel (our client did not become our client until much later).

With hard work, they built a mildly successful business. And then things went to pot. Life happened, interests changed, and the friendships and the business fell apart. It got messy. Much of the messiness was due to the fact that they fell victim to the Classic Business Blunder: We don’t need a business partnership agreement; we’re friends!

I implore you: Never commit the Classic Business Blunder. Instead, I kindly suggest that you follow the small business transactional lawyer’s First Axiom of Business Partnerships: Continue reading

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Are Attorney Fees Reasonable?

Are attorney fees reasonable?
The objective today is to explain why lawyers cost so stinkin’ much and what the small business owner can do about it.

Lawyers cost a lot for several reasons: They know what you don’t. They limit competition. The law is extraordinarily complex, which burdens you and provides them with work.

“But,” you may ask, “how can a lawyer’s hourly rate be so much anyway? How do they decide that their time is worth $2.82 a minute?” Continue reading

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