How to open your own legal business

Legal business is a very useful type of enterprise that provides the necessary legal services at reasonable prices. It may include a large field of activity. It is worthwhile to figure out what actions should be taken to organize this type of business.

You will need

• - business plan;

• - business license;

• - office equipment;

• - expendable materials;

• - staff.

Instruction manual

1

Develop a professional business plan that sets out all types of legal services. He will determine the prospects and goals of the business over the next two to five years. State clearly how the business will be financed, how to differ from competitors and who will be an employee of the law firm, including all personnel. Make sure that the plan outlines the initial costs, as well as projected profits and expenses.

2

Apply for a business loan or any other source of financing. Any kind of grants for the development of small and medium-sized businesses can also be included here. Think about the different options for acquiring start-up capital.

3

Get a business license and fill out all the necessary government documents needed to open a legal business. Make sure that you meet all the necessary requirements for organizing a business in the place of residence, including company insurance. Consult all questions and possible fees with a business consultant.

4

Choose a place to organize a business. Make sure that it is located in the city center (region), and that it is easy to find for potential customers. This is the key to realizing the business objectives.

5

Get all the equipment (computers, tables, furniture) and stationery necessary for the development of the legal business. Make sure the office is properly equipped to all requirements. Only then can it be opened as scheduled.

6

Develop a marketing plan. Look for cheap and effective ways to advertise your legal business in public circles. Make sure that you highlight the strengths of the enterprise, which may include low-cost legal assistance in drafting contracts and other legal documents. Leave flyers and brochures in all public places with law firm advertising.

7

Hire professional legal personnel with experience in this field. You will need legal assistants, secretaries and chartered accountants. Also consider engaging law students.