A law firm is a commercial entity established by one or more law firms to practice law. A law firm like Jones & Jones serves to advise clients about their legal rights and duties and represent them in civil or criminal lawsuits, business transactions, and other matters requiring legal advice and assistance.
Types of law firms
Any business will require the services of two professionals: an accountant and a law firm. The benefits of hiring an accountant are self-evident: but one will still need someone to assist in setting up the “chart of accounts,” examines the numbers regularly, and file all the necessary state documents required by federal and local tax authorities. The reason for hiring a corporate lawyer, on the other hand, may not be so obvious. From fundamental zoning compliance and copyright and trademark guidance to formal business incorporation and lawsuits and liability, a qualified business attorney can help practically every area of the firm.
For contractual services
A law firm that can quickly grasp the business, draught standard form contracts with customers, clients, and suppliers, and respond to contracts that others want one to sign is an ideal law firm to seek if the business is smaller in operation.
For corporate establishments
One will need a law firm like Jones & Jones to assist one decide whether a corporation or a limited liability company (LLC) is the best method to structure the company and prepare the necessary paperwork.
For real estate claims and management
Commercial leases, such as those for offices and retail businesses, are quite complicated and are always written to suit the landlord. One may be tempted to believe they are non-negotiable because they are “printed form” documents. A law firm like Jones & Jones has a standard “tenant’s addendum” added to the printed form lease deal and has clauses that benefit one.
For Intellectual property services
If one works in the media, design, or any creative field, having a law firm that can assist one register the products and services for federal trademark and copyright protection is a huge bonus. In most cases, however, these responsibilities are carried out by specialists who specialize in “intellectual property” legal activity. If the law firm claims to “specialize in small enterprises,” they should have a close working relationship with at least one intellectual property expert.
For taxation services
Taxes and licensing are the fourth and final items on the list. Although the accountant will prepare and file the business tax returns each year, the law firm should know how to register the company for federal and state tax identification numbers, as well as the tax ramifications of the company’s most basic business transactions.
Whether a firm is big or small, businesses should look into the track record of a law firm to assess their service qualities. Indeed, larger businesses might need a more prominent firm to look over their vast areas of operations. On the other hand, a smaller company may enjoy various benefits with a smaller law firm.