Sydney business lawyers are also commonly referred to as commercial lawyers, or corporate lawyers. They are lawyers who specialise in all business-related legal matters, and provide advice to business owners, or start-up founders, or companies and organisations.
They work with small business owners, medium-sized enterprises, corporations, family businesses or private entities.
It must be stressful to find the best Sydney business lawyers. This article aims to give you an overview on the types of responsibilities that business lawyers undertake, and the costs they charge.
At JB Solicitors, our business lawyers provide an affordable subscription based legal service model for business-related legal needs. Let’s first explore the responsibilities of Sydney business lawyers.
Sydney Business Lawyers: What Can They Help With?
When dealing with legal affairs related to a business, things can become particularly complicated. When dealing with business-related matters, the costs that you incur if things go wrong can be extremely high.
This is why when you have to deal with all legal needs of your business – be it a small or large business, or a start-up company – it is advisable that you seek the help of experienced business solicitors.
If you don’t do so, there are high chances that things may go wrong, and you will incur unnecessary losses.
There are a wide variety of responsibilities and roles undertaken by business lawyers in Sydney. These include:
Licensing
For most business, having appropriate licenses is very important. Lawyers help out with these registrations and authorisations.
Contracts (Draft and Review)
Every company deals with contracts on a day-to-day basis. These could be contracts which finalise certain deals, shareholder agreements, or employee contracts. Business lawyers help with drafting, amending and reviewing these essential contracts to ensure that everything is accurate.
Corporate law specialists also help with negotiation in cases of complicated contracts.
Intellectual property (Trademarks)
Lawyers help with registering intellectual property for companies either in the form of trademark, patent or copyrights.
Litigation
Commercial litigation can include lawsuits and legal disputes, where business lawyers provide legal representation in courtroom proceedings. Under this, lawyers may deal with matters falling under the Corporations Act 2001, or any other business-related issues.
Legal advice consultations
Companies need regular advice on a number of different things. Commercial law specialists offer consultations and provide advice for companies to formulate their next plan of action.
Qualities of a Great Corporate Law Solicitor
Because of the high-stress environment of corporate industry, there are certain traits you need to look for when choosing your Sydney business lawyers. They need to be experts in providing quick advice to their clients.
Some of these characteristics include:
Good technical knowledge
Lawyers need to have the right technical knowledge to give proper advice based on the situation. Some businesses or individuals will need to deal with matters quickly and urgently. In such cases, Sydney business lawyers need to act quickly.
Face challenges and stay updated
Corporate law keeps changing and lawyers need to adapt to the change and quickly learn about new laws and keep their clients updated about any new legislation.
They need to be able to analyse any risks that the business might face, and provide advice on what the company can do to avoid losses.
Negotiating skills
They must have excellent negotiating skills as this will be a part of the day-to-day activities when providing legal advice to businesses. Not a single business, regardless of its size, can run smoothly without efficient negotiations.
Negotiations are a key part of any business, and this can include business to business negotiations or business to client negotiations. In either case, Sydney business lawyers rise to the occasion and carry all negotiations with expertise.
How Much Do Sydney Commercial Lawyers Charge?
Depending on the pricing structure offered by the firm, commercial lawyers can either provide fixed-fee based models, or hourly rates or service-based fees.
For example, below is a guide to the fixed-fee pricing that are usually associated with the following services.
#Note: These are only a few of the services provided by commercial law specialists, and not an exhaustive list. There are many more services that are provided.
- Incorporating a company – Around $550-$1650 (Including GST)
- Registering a trademark – Around $1650-$2750 (Including GST)
- Drafting a private policy – Around $1650- $2750 (Including GST)
- Preparing a commercial lease – $2750- $3300 (Including GST)
- Drafting a shareholders agreement – Around $3000 (+ GST)
- Reviewing contract for sale of business – $1320 – $2750 (Including GST)
With business law, the fact is that you will need legal guidance more than once. While people prefer to pay fixed fees according to the service they receive, when you add the costs of all the fees attached with different services, it turns out to be a very huge amount.
Let’s suppose you need to review an important contract, and you visit Sydney business lawyers who charge around $2000 for this service. Within a few months, there is another critical contract that you need reviewed by an expert. This means that you will be charged another $2000 for that service.
When you do a cost analysis, in the span of a year, there are many such legal payments that you will need to make.
Instead, wouldn’t it be better to sign a contract with a legal firm, with instalment payments in return for unlimited services throughout the year?
JB Solicitors’ Sydney Business Lawyers
The above section details the costs that are charged by private lawyers. Alternatively, many business opt to hire in-house counsel or in-house lawyers for the same services.
In-house counsel will cost around $100-125K annually. Even this wouldn’t be the most cost-effective option especially for small businesses or start-up founders.
Instead, review the subscription model given below. As best Sydney business lawyers, JB Solicitors has devised the most cost-effective subscription model, which involves paying a small monthly fee for unlimited business services throughout the period of your contract.
View our extraordinary subscription model here.
Key points to remember when reviewing the the model:
- Remember to check the wide range of services that JB Solicitors offer under commercial law.
- Have a look at the payment options available to you. For instance, JB Solicitors accepts both weekly and monthly payments in instalments, whichever is more convenient for you.
- The prices charged will be discounted if you take longer contracts of three or five years.
#Note: These prices are a general overview and it is best for you to book a consultation with our experienced lawyers who will assess your situation and give a quote accordingly.
For all other enquiries, please contact our Sydney business lawyers at JB Solicitors.
