So by now, you are on your way with a business plan in hand and new found free time to start your company. The next step is to hire a lawyer and other professionals because in order to operate properly there is a tremendous volume of documents to be processed and submitted in a timely fashion. This unavoidable bureaucracy could easily paralyze any business if not done properly.
It is critical to have a great lawyer who will expedite your paperwork and bail you out of some of the complexities in business. At first, you may find that hiring outside counsel hourly is too expensive for your small business. In this case, you should try to have a multi-disciplined lawyer, preferably a generalist with a business edge, directly on your team. This person can perform many management and legal functions and can serve as “General Counsel” if he is qualified.
