You knew it was coming. You tried to put it out of your mind. Surely I can just solve my legal problems as they arise. But you recently had a client that wouldn’t pay their bill or a team member who cost you a lot of money.
Understanding the legal aspects of your business is crucial for your success. All too often we see business owners spend thousands, tens of thousands and even hundreds of thousands of dollars trying to solve a legal problem in their business. Sure some of those problems are unavoidable depending on who you deal with but the vast majority of problems within a business can be solved if you take a proactive approach to protecting your business.
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment Tool and Education Course to help you to understand the law without a law degree. It is often difficult to understand the costs that you will save by taking a proactive approach (by its very nature a proactive approach saves you money that you would otherwise spend) but trust us that the savings are huge.
Cost of a Lawyer
Generally, lawyers charge their clients on one of two basis, firstly is a fixed fee for a service and second is an hourly basis based on how much time they spend doing the work. Let’s start with charging based on time. These costs can vary from $200 per hour to as high as $1,200 per hour. This is usually worked out in 6 minute increments and is an antiquated way of running a business and creates a lot of problems between lawyers and their clients. You can read more about this in our article “How Much does a Lawyer Cost?”.
The second way of charging for the work performed by a lawyer, a fixed price, is a much better way for you to understand what you are being charged and control the expenses in your business. Frankly this is a much better business model for you to engage a lawyer through so that you know exactly what you are being charged and if a lawyer can’t give you a fixed price then they don’t understand the work that they need to do well enough.
The Business Legal Lifecycle Legal Risk Assessment is a tool that takes about 10 minutes to complete by answering 31 questions about your business. It provides a report that sets out the legal risks in your business and what you need to do to protect them. For a lawyer to prepare a similar type of report it will take generally between 2 to 4 hours. That means that the cost of obtaining this advice from a lawyer could be as little as $400 and as much as $4,800.
Cost of the Business Legal Lifecycle
The Business Legal Lifecycle Legal Risk Assessment does all of this for $97 and gives you an assessment of what are the legal risks in your business. It gives you a report that sets out what is missing in your business, why you need to prevent those legal risks and a plan for the future of your business. Importantly you can take it to your lawyer to then do the work that they are good at, preventing those legal risks within your business and you get all of this without the cost of a lawyer preparing the report in the first place.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking below.
How much does a lawyer cost? How will I be charged? How do I know if I am being overcharged receiving legal advice? Understanding the legal aspects of your business are crucial for your success. All too often we see business owners spend thousands, tens of thousands and even hundreds of thousands of dollars trying to solve a legal problem in their business. Sure some of those problems are unavoidable depending on who you deal with but the vast majority of problems within a business can be solved if you take a proactive approach to protecting your business.
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we prepared this article to give you a guide on how lawyers should charge so you know what they cost.
Cost of a Lawyer
Generally lawyers charge their clients on one of two basis, firstly is a fixed fee for a service and second is an hourly basis based on how much time they spend doing the work.
Time Based Charging
Lets start with charging based on time. These costs can vary from $200 per hour to as high as $1,200 per hour. Some law firms will calculate this on the actual time spent (i.e. they will track all of the minutes that they work on our file but more commonly they work this out in 6 minute increments). This is an antiquated way of running a business and creates a lot of problems between lawyers and their clients.
The problems with this approach are numerous, some of the key ones are it:
- Disincentives you as the client to get legal advice and to carry on a discussion because you are worried about the time you are being charged. Imagine you are on the phone to a lawyer and the call goes for 6 minutes and 30 seconds, all of a sudden you are up for 2 x 6 minute increments (also known as power billing);
- Incentives your lawyer to spend more time doing the work on your file and not find the more efficient way to deal with your opportunity or problem;
Fixed Feed Based Charging
The second way of charging for the work performed by a lawyer, a fixed price, is a much better way for you to understand what you are being charged and control the expenses in your business. Frankly this is a much better business model for you to engage a lawyer through so that you know exactly what you are being charged and if a lawyer can’t give you a fixed price then they don’t understand the work that they need to do well enough.
These charges are often out of reach for many business owners. That is why we created the Business Legal Lifecycle Legal Risk Assessment. It is a tool that takes about 10 minutes to complete online by answering 31 questions about your business and costs $97. It provides a report that sets out the legal risks in your business and what you need to do to protect them. For a lawyer to prepare a similar type of report it will take generally between 2 to 4 hours. That means that the cost of obtaining this advice from a lawyer could be as little as $400 and as much as $4,800.
The Business Legal Lifecycle Legal Risk Assessment gives you a report that sets out what is missing in your business, why you need to prevent those legal risks and a plan for the future of your business. Importantly you can take it to your lawyer to then do the work that they are good at, preventing those legal risks within your business and you get all of this without the cost of a lawyer preparing the report in the first place.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
Ask great questions
When you go to a lawyer they will generally ask you a lot of questions about your situation. Before you go to the lawyer you should spend time seeking to understand what it is that they will be asking you so that you can properly prepare for that meeting. Part of that is educating yourself on different legal aspects of your business, what they mean and how they might apply to you.
Next, you should ask the lawyer (or their team) what you need to bring to the consultation. Depending on the type of meeting that you are having with the lawyer you may need to bring documentation a completed questionnaire or other important information to that meeting.
What if they say its up to you?
Sometimes the lawyer or their team members may leave it up to you so here is a list of what you should bring:
- A written statement as to what happened and why you need their help (even if this is in note form it will help you not miss anything);
- A list of questions that you want answered;
- Any documents that go for or against what you are trying to argue (where you have a dispute and remember they need to see everything);
- The details of all of your entities and structures so that the lawyer can understand your business structure and what you own (as well as owe); and
- Details of any previous advice that you have received.
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment Tool and Education Course to help you to understand the law without a law degree. It is often difficult to understand what you need to do before you go to a lawyer and what costs you will save by taking a proactive approach (by its very nature a proactive approach saves you money that you would otherwise spend) but trust us that the savings are huge.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
What does that mean? Why does it have to be so confusing? What do I need to do? Understanding what the law means or why you need to take certain legal steps can often be very confusing. This is a common problem for business owners, they find a lot of the concepts and language around the law confusing. This then leads to them ignoring the issues which then leads to problems occurring in their business that could have been prevented, costing a lot of money.
Understanding the legal aspects of your business is crucial for your success. All too often we see business owners spend thousands, tens of thousands and even hundreds of thousands of dollars trying to solve a legal problem in their business. Often this occurs because they take a reactive rather than proactive approach to the law.
Nature of the law
The nature of the law can often seem confusing, often lawyers use big words or jargon that they know the meaning of but ordinary business people do not know. This makes it seem like it is a confusing process and that lawyers are the only ones who know the law.
In addition to this there is a misconception out there that legal problems are black and white, that there is a yes or a no answer to the problems. Nothing could be further from the truth. Law is full of different nuances and subtle changes that mean that what is correct legal advice for one person may be entirely wrong for another person. If this wasn’t the case there would be no need for lawyers and judges to interpret the law.
Not understanding the law
Due to these reasons the law becomes this big confusing area that often business owners tell themselves that they can’t understand. The truth is that if you want to learn different legal areas that you can educate yourself on those areas without a law degree. Of course you shouldn’t just go and try and implement those areas by yourself, but you need to educate yourself so you know what and why you need to take certain legal steps.
By its very nature law is a confusing topic, but you can educate yourself on different legal concepts. There is a lot of information online that can help to educate you. At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment Tool and Education Course to help you to understand the law without a law degree.
It is often difficult to understand legal concepts, we have explained these legal concepts in a plain English way so that you can take a proactive approach to resolving legal problems before they arise (by its very nature a proactive approach saves you money that you would otherwise spend).
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
Going to see a lawyer can be a quite significant expense, so it is important to be prepared before you go so that you use the time efficiently.
What don’t you want them to do?
As well as knowing what you want them to do, it is equally as important to be clear on what you don’t want them to do.
What outcome do you want?
You need to spend time thinking about what you want to achieve by seeing the lawyer. You need to know what outcome you would be comfortable with. They can suggest different options to achieve that outcome.
How much is it going to cost?
Before the lawyer commences any work on your behalf, you need to be clear on how much it is going to cost you. Ask that the lawyer give you a written quote on the work that they propose to do. You then need to work out whether this fits into your budget.
The Business Legal Lifecycle
The Business Legal Lifecycle Legal Risk Assessment is a tool that takes about 10 minutes to complete by answering 31 questions about your business. It provides a report that sets out the legal risks in your business and what you need to do to protect them, why you need to prevent those legal risks and a plan for the future of your business. Importantly you can take it to your lawyer to then do the work that they are good at, preventing those legal risks within your business and you get all of this without the cost of a lawyer preparing the report in the first place.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
You have that meeting with your lawyer coming up. You aren’t sure what it is that you will need to say. You don’t know what they will ask you. Depending on why you are going to see a lawyer you need to be aware of what you need to tell your lawyer. This article is relating to business law and not criminal law. If you have this question in relation to a criminal or you are not sure you should take advice from your lawyer.
Understanding the legal aspects of your business is crucial for your success. All too often we see business owners spend thousands, tens of thousands and even hundreds of thousands of dollars trying to solve a legal problem in their business. Often this occurs because you don’t tell your lawyer everything.
Tell your lawyer everything
All too often when people see a lawyer they try to tell them what they think the lawyer needs to hear. This is a terrible approach as a lawyer can’t help you if they don’t know the full situation. Essentially you need to tell your lawyer your complete situation including what your goals are and what you would like to happen with your business.
When you go to a lawyer they will generally ask you a lot of questions about your situation. Make sure that if you believe that something has been missed that is important that you raise it in the meeting (or tell them later). To do that properly you need to educate yourself on different legal aspects of your business, what they mean and how they might apply to you.
What not to say to a lawyer
You should tell your lawyer everything that you know about your situation so that they can give you proper advice. Some things that you shouldn’t say to your lawyer are, I know that, I know the answer, I know what needs to happen. Ultimately you are there to get their advice, you can tell them what you think needs to happen but you need to take their advice.
Also you shouldn’t tell them that you aren’t going to tell the lawyer everything. This is a terrible idea, the lawyer will not be able to advise you on your situation if you don’t give them all of the information.
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment Tool and Education Course to help you to understand the law without a law degree. It is often difficult to understand what you need to do before you go to a lawyer and what costs you will save by taking a proactive approach (by its very nature a proactive approach saves you money that you would otherwise spend) but trust us that the savings are huge.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
You have been putting off thinking about a legal risk in your business. Now you have decided that you want to get advice. The problem is you don’t know what to do. How do I go about getting legal advice? Depending on where you are at in your business knowing how to go about getting legal advice can be confusing and difficult for some people. Sometimes you will just want a quick question answered are you able to do that?
Understanding the legal aspects of your business is crucial for your success. All too often we see business owners spend thousands, tens of thousands and even hundreds of thousands of dollars trying to solve a legal problem in their business. Sure some of those problems are unavoidable but whether you are going to see a lawyer to prevent a problem or if you are reacting to something that has happened there is a lot you can do to prepare to see a lawyer.
Finding a Great Lawyer
It can be difficult to just ‘ask a lawyer a question’ as often there will be a lot of extra information that the lawyer will need. The reason is that the law is rarely black and white, there are usually a lot of shades of grey that require specific thought to be given to what and how a specific scenario may affect you or your business. If you have a good relationship with a lawyer already you can simply ask them the question but if you don’t have that relationship it can require more than just a simple question.
Educate Yourself
It is Important to educate yourself on what the legal issues are. There are lots of great resources on the internet (including on our site). You won’t find all of the solutions but you need to educate yourself on what your issue is and start to find some solutions on how to solve it. This can help when you do need to find a lawyer because you have identified what it is that you need help with and can ask for specific help. Just remember, this is general advice andyou need to get advice from your lawyer to make sure that it is correct for you.
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment Tool and Education Course to help you to understand the law without a law degree. It is often difficult to understand how you go about getting advice from a lawyer. Doing so though will save you a lot of costs and issues in the future.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
The law is confusing, right? There are so many rules and situations you never know what you need to do? How do I know if I am receiving the right legal advice? Understanding the legal aspects of your business is crucial for your success. All too often we see business owners spend thousands, tens of thousands and even hundreds of thousands of dollars trying to solve a legal problem in their business. Sure some of those problems are unavoidable depending on who you deal with but the vast majority of problems within a business can be avoided if you take a proactive approach to protecting your business.
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we prepared this article to give you a guide on how you can educate yourself on the legal aspects of your business.
Internet Resources
There are lots of great resources out there that will help you to understand the law even if you don’t have a law degree. You may start by doing some preliminary research into a topic to make sure that you understand the basics of what you need to do. Be careful here some online material is prepared for lawyers and you may be more confused after reading it then before.
Business Legal Lifecycle
We created the Business Legal Lifecycle to provide legal information to business owners so that they can understand complicated legal topics in an easy to understand manner. Whether it be Jeremy Streten’s Amazon 1 one selling book, The Business Legal Lifecycle, our Legal Assessment Report or our Education Course all of this material is designed to help you to understand the law without a law degree.
Nothing substitutes for tailored advice
Using these resources are great to give you a fundamental understanding of what you need to do, why you need to take that step and whether you need to take any other steps. Frankly however your situation will be unique to you, you need to get tailored advice from your lawyer that will apply to you and your business. Make sure that you use the education that you undertake to inform you on what different legal terms mean and why you need to take steps. However always defer to your lawyer to make sure that you are getting the best advice for you.
The Business Legal Lifecycle Legal Risk Assessment gives you a report that sets out what is missing in your business, why you need to prevent those legal risks and a plan for the future of your business. Importantly you can take it to your lawyer to then do the work that they are good at, preventing those legal risks within your business and you get all of this without the cost of a lawyer preparing the report in the first place.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
How much does it cost to get advice from a lawyer? How will I be charged? How do I know if I am being overcharged receiving legal advice? Understanding the legal aspects of your business are crucial for your success. All too often we see business owners spend thousands, tens of thousands and even hundreds of thousands of dollars trying to solve a legal problem in their business. Sure some of those problems are unavoidable depending on who you deal with but the vast majority of problems within a business can be solved if you take a proactive approach to protecting your business.
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we prepared this article to give you a guide on how much it should cost to get advice from a lawyer.
Cost of a Lawyer
Generally lawyers charge their clients on one of two basis, firstly is a fixed fee for a service and second is an hourly basis based on how much time they spend doing the work.
Time Based Charging
Let’s start with charging based on time. These costs can vary from $200 per hour to as high as $1,200 per hour. Some law firms will calculate this on the actual time spent (i.e. they will track all of the minutes that they work on our file but more commonly they work this out in 6 minute increments). This is an antiquated way of running a business and creates a lot of problems between lawyers and their clients.
The problems with this approach are numerous, some of the key ones are it:
- Disincentives you as the client to get legal advice and to carry on a discussion because you are worried about the time you are being charged. Imagine you are on the phone to a lawyer and the call goes for 6 minutes and 30 seconds, all of a sudden you are up for 2 x 6 minute increments (also known as power billing);
- Incentivises your lawyer to spend more time doing the work on your file and not find the more efficient way to deal with your opportunity or problem;
Fixed Feed Based Charging
The second way of charging for the work performed by a lawyer, a fixed price, is a much better way for you to understand what you are being charged and control the expenses in your business. Frankly this is a much better business model for you to engage a lawyer through so that you know exactly what you are being charged and if a lawyer can’t give you a fixed price then they don’t understand the work that they need to do well enough.
Either way you need to look at the cost of that service from the lawyer as an investment in your future success by reducing the risks associated with your business.
These charges are often out of reach for many business owners. That is why we created the Business Legal Lifecycle Legal Risk Assessment. It is a tool that takes about 10 minutes to complete online by answering 31 questions about your business and costs $97. It provides a report that sets out the legal risks in your business and what you need to do to protect them. For a lawyer to prepare a similar type of report it will take generally between 2 to 4 hours. That means that the cost of obtaining this advice from a lawyer could be as little as $400 and as much as $4,800.
The Business Legal Lifecycle Legal Risk Assessment gives you a report that sets out what is missing in your business, why you need to prevent those legal risks and a plan for the future of your business. Importantly you can take it to your lawyer to then do the work that they are good at, preventing those legal risks within your business and you get all of this without the cost of a lawyer preparing the report in the first place.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
You have been putting off thinking about a legal risk in your business. Now you have decided that you want to get advice. The problem is you don’t know what to do. How do I go about getting legal advice? Depending on where you are at in your business knowing how to go about getting legal advice can be confusing and difficult for some people. Sometimes you will just want a quick question answered are you able to do that?
Understanding the legal aspects of your business is crucial for your success. All too often we see business owners spend thousands, tens of thousands and even hundreds of thousands of dollars trying to solve a legal problem in their business. Sure some of those problems are unavoidable but whether you are going to see a lawyer to prevent a problem or if you are reacting to something that has happened there is a lot you can do to prepare to see a lawyer.
Finding a Great Lawyer
It can be difficult to just ‘ask a lawyer a question’ as often there will be a lot of extra information that the lawyer will need. The reason is that the law is rarely black and white, there are usually a lot of shades of grey that require specific thought to be given to what and how a specific scenario may affect you or your business. If you have a good relationship with a lawyer already you can simply ask them the question but if you don’t have that relationship it can require more than just a simple question.
Educate Yourself
It is Important to educate yourself on what the legal issues are. There are lots of great resources on the internet (including on our site). You won’t find all of the solutions but you need to educate yourself on what your issue is and start to find some solutions on how to solve it. This can help when you do need to find a lawyer because you have identified what it is that you need help with and can ask for specific help. Just remember, this is general advice andyou need to get advice from your lawyer to make sure that it is correct for you.
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment Tool and Education Course to help you to understand the law without a law degree. It is often difficult to understand how you go about getting advice from a lawyer. Doing so though will save you a lot of costs and issues in the future.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
