Why Entrepreneurs Should Look for Business Lawyers with On-the-Ground Experience

Posted by Craig Ching | Jan 10, 2022 | 0 Comments

If you're an entrepreneur needing legal representation, how do you choose a firm? Start by looking for attorneys who have on-the-ground experience with entrepreneurs and startups. Let's discuss a few reasons why this can be such an advantage.

BEATING THE ODDS

According to Investopedia, 20% of new businesses fail in the first year. An additional 45% fail within five years, and 60% within 10. Only 25% of new businesses survive fifteen years or longer. A skilled business attorney can help you navigate the myriad pitfalls entrepreneurs face and greatly increase your odds of success.

GIVING YOU A STRUCTURE

Part of the challenge of being an entrepreneur is that everything demands your attention; everything needs to happen now, and it's hard to prioritize. Business attorneys can tell you what legally must take priority. But business attorneys with on-the-ground experience with startups can help you develop a structure and plan of attack. They understand how to balance contracts and other legal requirements with cash flow and business realities. 

ANTICIPATING PROBLEMS BEFORE THEY BEGIN

Relatedly, entrepreneurs often spend a lot of time putting out fires—dealing with the daily emergency—and they think of their lawyers as the phone call of last resort.

But experienced startup attorneys aren't just problem-solvers; they're problem-preventers. They can identify potential causes for concern and come up with possible fixes before these issues even become problems in the first place.

SPEAKING YOUR LANGUAGE

A lot of the practice of law comes down to opaque technical jargon. You want someone who speaks your language. You want someone who knows to translate contracts and other legal documents into accessible language, so you always understand exactly how particular provisions will impact you and your business.

If you're an entrepreneur or startup looking for an attorney with real-world business experience, call Amin Law, P.C. at 415-851-4300 or contact us online for a free consultation.

About the Author

Craig Ching

CRAIG CHING  Craig Ching is a graduate of Golden Gate University School of Law, where he was a member of Law Review and served as a judicial extern to the Honorable Maria Elena James of the United States District Court, Northern District of California.  Craig also served as a research attorney f...

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