Business Name – How To Pick OneWritten by Richard A. Chapo
A business name can be a huge factor in ultimate success or failure of entity. Unfortunately, many people fail to give a lot of thought to it prior to moving forward. There are many factors to consider including something memorable, a name related to your area of work and, potentially, availability of domain name.
Picking a business name is like getting married. You are going to have to stick with it till bitter end. It is estimated a prospect will need to see your advertisement and business name at least 22 times prior to doing business with you. Once they associate your business with a certain name, making a change will be disastrous. Once you pick something, stick with it.
Naming Your Business
If you are going to be married to your business name, you need to make sure bride isn’t already married to another suitor. There are four significant issues to consider.
Initially, you must determine whether name is already being used in your state. The Secretary of State controls names of all corporations, LLCs and partnerships. Most also have a web site where you can conduct name searches. Even if you are a sole proprietor, you should check name against those already registered in state database. If name is being used, you will need to consider an alternative.
Examining the Legal Billing RatesWritten by Mart Gil Abareta
Every time you want to avail legal assistance, your finances are also one of your biggest considerations. I’m speaking here in terms of legal billing rates. These rates really vary based on experience, prominence and prerogative of lawyers. Lawyer fees differ. Now, big question is – Are these fees reasonable for clients like you? Is it just enough for lawyers? An article entitled “Guide to Legal Services Billing Rates” says that most lawyers will tell you that practice of law is a noble profession dedicated to pursuit of truth and justice. But anyone looking to hire a lawyer must realize that practicing law is first of all a business. As a result, lawyers in private practice are going to charge what market will bear in order to make a profit from their services. Understanding this and having a basic knowledge as to how lawyers’ charge for their services may help you to negotiate best deal when you need to hire one.
I must say that all of payment arrangements stated in said article are not more than enough. I think, they are just enough to compensate for time and effort a lawyer will spend in your case. These arrangements include hourly rates, flat fees, retainers and contingent fees. The lawyer has opportunity to choose payment plan that you’ll have. However, client can still open up his views if he disagrees with lawyers’ offer. It’s still up to them to decide about final payment arrangements.