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Business & Tax - Questions & Answers

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All Questions (20)

What is a business lawyer?

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Business lawyers typically focus on issues that affect companies of all sizes, such as taxation, succession planning, and property rights - both of the physical and intellectual variety....Read More

What types of cases does a business lawyer handle?

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Depending on the nature of the industry in question, a business lawyer’s skills might be better suited for particular cases, but most will have experience with mergers and acquisitions, commercial litigation claims, and intellectual property patents, copyrights or trademarks. Many larger independent firms will employ multiple business attorneys, each with their own industry focus and specialization....Read More

How much does a business lawyer charge?

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Business lawyers in the United States  might charge anywhere from $400-$800 an hour for their services, though the figure will vary depending on the demand for the firm or attorney in question, as well as the billing increments, usually charged  in increments of five to 10  minutes....Read More

What is an LLC?

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LLC stands for “limited liability company,” a designation for smaller, privately owned businesses. The limited liability entails protection for personal assets and pass-through tax status, while reserving the entity the right to open business accounts and licenses, like larger corporations. Enlisting as an LLC allows a business owner to retain the autonomy of sole proprietorship while being recognized as a fully functional, licensed operation....Read More

What is business succession?

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Business succession generally refers to plans laid for transitioning the company, whether in terms of ownership, proprietorship, management, or family inheritance. Business succession planning requires legal counsel and careful guidance, with factors such as the size, liquidity, and stock ownership of the business dictating many decisions....Read More