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How to find the best lawyer for your needs

Many entrepreneurs think that they don't need a lawyer for their small business, or are afraid to hire one with the assumption of enormous legal fees. Both of these have been proved to be deadly for startups. As much as entrepreneurs want to believe they can do everything by themselves, they can't. Laws are complicated, there's a lot of them, and paperwork is tedious. A lawyer can help you understand the options you have and make the best decisions when it comes to beginning your startup. Lawyers are trained to identify potential problems before they happen to avoid future headaches. Here's some tips on finding the right lawyer for your business.

1. Personal Attributes:  You'll be spending a lot of time with your lawyer, so you'll want someone who you can relate to. Your lawyer should connect to your business and understand your needs. They should communicate clearly so you can understand the complex rules involved in a business and help you determine how to proceed in situations.

2. Don’t use your friends: Sure, your buddy Tim has known you since high school and you both connect really well, but you'll need someone to contradict you at times. When starting a business, there's a lot of tough decisions that you need to make, this could strain relationships or make you loose business insights.

3. Ask around:  Start asking your friends and acquaintances for referrals. Gather a few names, set up some appointments and interview lawyers who have good reviews from people you trust. When you're interviewing, ask about their experience, get to know them, and how they could help you specifically.

4. Use online resources: The interwebs are now the number one go to place to do research. Websites such as LegalMatch, Avvo, and LinkedIn provide plentiful details regarding lawyers and their professional experience. Look for those who specialize in your industry, and attorneys can personally respond to your request. This process helps eliminate the lawyers and firms that don't have the experience you need.

5. Choose a firm that suits your needs: Small firms? Big Firms? How do you choose? Obviously both have their pros and cons. Sole practitioners will work with you one on one and will typically take smaller cases. When working with smaller firms, you'll find a more personalized experience and a wide variety of expertise and coverage.

Making smart choices for your startup comes down to being proactive. If you wait until it's too late to consult a lawyer, you've put yourself and your startup at a huge risk.

Starting your own business always involves risk, but there’s no reason legal issues should be included in the list of potential hazards. 

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What Brexit Means For America

  On June 23, 2016, the United Kingdom took a historical decision to leave the European Union. This decision will affect a variety of aspects, but most importantly businesses and trade. Businesses are now faced with unanswered questions about their future. Those who supported to leave the EU promised voters that they would get a more profiting trade deal. But trade agreements don't happen overnight and businesses must follow the same EU rules until new ones are made in the coming years. This uncertainty doesn't sit well with entrepreneurs and businesses, and many are already expressing their discomfort. Businesses are now put in a situation where they don’t want to make new decisions, investments, or hires.

             The pound has drastically fallen to its weakest point since 1985. This is because investors are moving their money out of the European Union and buying foreign currencies. Now emerging markets will find it hard to get investors due to the economic instability. This means a higher cost of capital for startups and tighter controls over that capital by investors. Such behavior is expected from the investors because they are putting their money in riskier locations. Therefore, when investors are looking for new markets to enter, The United States, India, and China are on the list. Of those, China is a risky market due to its Communist Party government rules and regulations. India, for the EU markets, could be a high culture shift. This then makes the United States the safest market for investors to enter.

              During times of uncertainty investors will want markets with a lower cost of entry and a strong longevity of employment. Businesses will want flexible employees, such as freelancers and contractors, both which America has a high quantity of. The move of investors here means more business and a booming economy. America offers everything to EU investors that are looking for safe ground. Obviously, this switch will not happen in one day, but there is a strong likelihood of an increase in capital investment dollars back into the US from outside sources. With all this change happening currently, now is a great time to begin your startup! American entrepreneurs, get ready for a flood of capital from EU investors. With the right idea, implementation, and proper legal counsel, your startup could be the next big thing!

                The most important step to take for startups is getting the right legal advice. The best partner a startup could have is a business lawyer, they'll keep you updated on current issues that could otherwise affect your startup immensely. Since the economy and trade is in a fluctuating state, many laws and rules will be constantly changing, therefore it is crucial that a startup consults with a lawyer to avoid future headaches and financial loss. Many entrepreneurs make the mistake of hiring a lawyer after they've been put in a serious issue, but having a business lawyer from the beginning can prevent such issues. Some crucial stages of a business that require a lawyer are the planning stages, employee hires, litigation, and patents. Consulting a lawyer regarding these stages bodes well for the startup and frees them from any legal tensions. Overall, with the Brexit decision, investors are looking for other areas to invest their money in. This is the perfect chance to begin your startup with the right legal help. Go ahead and contact us today!  

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Exciting New Announcement!

We are pleased to announce that our firm is evolving from Clements and Shackle LLC to Clements Legal Group! This new change from the Clements Team will offer you a more individualized and personal approach. Our new name represents the firm's original founder, Michael A. Clements. Clements has served as the principal legal counsel for many Indiana based company's and advocacy groups. His passion is helping business owners carve a niche for themselves and growing local talent. Our name might have changed, but our core value of building client relationships on trust, commitment, and respect are highly intact. The Clements Team understands that starting your own business by yourself can be overwhelming, so we want to make the process as easy as possible for you. Helping you grow your vision is our goal. Our contact information is still the same, so go ahead and give usa call today to see how we can help you!

 

 

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Someone Stole My Design! Now What?

With great innovation comes a greater likelihood of others copying, borrowing, or blatantly stealing your design work. Your design or piece of art work may end up in someone’s home down the street, on the internet, or in a gallery in another country without your consent. The real question is what can you do to stop the infringement?

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Farmers’ Markets: The New Small Business Incubator

Farmers’ markets have been a long-standing tradition in the Hoosier state and are gaining popularity as they have reached another niche in the market by becoming pseudo-incubators for small businesses. Many start-up food and craft businesses can utilize farmers’ markets in order to...

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Setting a New Company Up For Success By Selecting Effective Leaders: Is Leadership Born or Bred?

Forming a new business requires thoughtful decision-making, and as an entrepreneur it’s tough to prioritize which tasks should be tackled immediately.  Choosing the right team of core leaders is arguably the most critical piece of your new business’s puzzle.  While strong leadership is important in every organization, startup executives have even bigger shoes to fill.  Dealing with poor company leadership right out of the gate is like buying your company a one way ticket straight into the ground.  If you pick the wrong individuals...

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Women & Patents

STEM fields are notorious for experiencing one of the greatest gender gaps in the workforce.  That’s not to say that women aren’t coming up with innovative ideas.  Rather, the structure of the field has hindered their ability to execute them.  Lately more and more women are choosing to pursue STEM careers.   

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Increased Lending Authority for Small Businesses

If your small business is looking for financing, but has been unable to acquire loans, you may be in luck.  On Monday July 27th the U.S. House of Representatives raised the Small Business Administration’s (SBA) lending authorization ceiling to $23.5 billion for the 7(a) loan guaranty program.

The SBA’s 7(a) loan program is designed for start-ups and existing small businesses.  The SBA will guarantee as much as

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Can Apple Music Compete With Other Music Streaming Giants?

More than a decade ago, Apple changed the face of the music industry by releasing the iPod. By pioneering the face of digital music, Apple was able to get on the frontend of what has become the modern consumption of music.  Since then, things have swung the other direction for Apple from a downloaded media perspective.  While Apples continues to be the strongest competitor from a hardware standpoint, it has recently been...

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Patents and Google Chrome

While Google Chrome has become the go-to web browser in recent years that may be changing in coming months. Chrome will no longer support the Netscape Plugin Application Programming Interface (NPAPI) necessary to run Java applications. Google has made this decision in order to increase security and speed for the Chrome browser as Java has suffered many security breaches in the past few years. The Department of Homeland Security even issued guidance in 2013 for computer users to...

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