Briefcase: Attorneys and New Businesses

Guest: Christopher Heard


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When a person starting a business has limited funding and is not facing an imminent lawsuit, it can be difficult to see why hiring a lawyer is a good idea. Christopher Heard is the Director of The Entrepreneurship and Community Development Clinic at the University of Houston Law Center. He explains why entrepreneurs should get legal advice at the start of their business ventures.

"An experienced attorney can offer services essential to starting a business," Professor Heard said. "In addition to helping founders form an appropriate legal entity, a lawyer can prepare contracts tailored to the organization, protect intellectual property and provide information on tax, employment, and other relevant law."

Heard also says that hiring an attorney is worth the expense. "Investing in the services of a qualified attorney early in the life of a business can avoid significant liability and expense later on."