What Can a Houston Business Lawyer Do for You?
The legal issues that arise in running any type of business can be quite varied. They begin at the inception of any business, whether you are buying your business or starting it up yourself. If you are buying an existing business or investing in an ongoing operation, you may need the help of a Houston business lawyer. A lawyer can review existing contracts, provide up-to-date information, and assist with your legal issues and inquiries.
Clearly, if you are forming a new business in Houston, a business lawyer can closely review your options for the form of your business and help you identify the best form for your purposes, whether it will be a limited liability partnership, a C corporation, an S corporation, or other type of business form. A Houston business lawyer can help you with a host of other start-up issues and your start-up team should probably include one.
How Much Does a Houston Business Lawyer Cost?
The cost of an experienced business lawyer in Houston depends on several factors. Different types of fee structures are common in the industry.
If a business lawyer represents a business, the lawyer may collect a contingency fee, which is a percentage of the money the lawyer recovers in the action for your business. Percentages can vary but the range of 30 to 35% of the recovered amount is common if the case is settled early. A higher percentage is charged if the case must go to trial.
If a lawyer is reviewing a contract, they may charge an hourly fee or a flat fee for contract review. An hourly fee can vary from $100 to $500 per hour or more, depending on a number of factors.
It is always advisable to put your fee arrangement in writing in order to avoid disputes. You want to clearly know how your business lawyer is charging you for their services.