Legal fees for a small business can vary depending on what you need to be done. It might cost you a few hundred dollars if it’s something simple like drafting a contract or setting up your business structure. But if you’re dealing with something more complicated, like a lawsuit or handling intellectual property, it could go up to several thousand dollars. The size and type of your business and your location also significantly affect the cost.
It’s a good idea to ask a few lawyers for quotes to compare. Some offer fixed fees for specific services, which helps you plan better. You might also want to check out realtime accounting for help managing your budget and tracking costs.