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In my 22 year career as an attorney, I’ve met with countless clients who explained their legal problem in animated terms, railed about the injustice of their situation, and then expected a clear and immediate resolution to their problem without ever considering the single most important legal issue that applied to their case. So here’s the best $500 legal advice I could ever provide to a client – at no cost to you:

Focus on the legal standard that will be applied to your situation.

Think about it. The law is a system of standards. Unless you understand the legal standard that will be applied to a specific factual situation, it is very difficult to determine how your case will be resolved. Without focusing on the legal standard, it is almost impossible to formulate a sound strategy for achieving the client’s desired outcome.

Here are several examples of legal standards. A city code enforcement ordinance specifies minimum maintenance requirements (legal standards) that could trigger a violation notice and ultimately a monetary fine. A contract defines the terms and obligations (legal standards) that will govern the relationship between the parties to the contract. A mortgage contains payment provisions (legal standards) that must be met in order for the homeowner to avoid foreclosure.

During an initial consultation, an attorney must separate the relevant from the irrelevant. To do so, the attorney should address – and the client should anticipate – five specific questions:

1. What is the factual situation?

2. What is the appropriate legal standard?

3. What resolution is the client seeking?

4. How can the client’s desired resolution be reached?

5. What will be the anticipated cost of the legal services to achieve the desired resolution? (Note: All clients want to control the cost of legal fees, so this is always an important question).

During your consultation, the attorney should pay special attention to the second question (appropriate legal standard) and provide advice designed to explain how the law applies to your factual situation. In order to formulate an effective strategy for resolving a legal problem, the attorney needs to help the client narrow the issues, place emphasis on the relevant facts, apply the appropriate legal standard(s), consider the range of available options, and discuss how the desired outcome can be achieved.

Let me make one final observation and recommendation. The pragmatic client consults an attorney to learn the appropriate legal standard before a problem ever arises. The attorney is then able to brief the client on the standard and the action necessary to comply with the law while avoiding potential pitfalls. I highly recommend that you consult an attorney to learn the appropriate legal standard before a legal problem ever appears on the horizon. That simple advice could save you far more than $500 in the long run.

The most essential requisite for starting a new business is finance. Because banks and other conventional lending sources are apprehensive about giving loans to start up businesses, it is an important task for these business owners to arrange for appropriate financing sources. Since there is a huge difference between small business start up loans and loans for established businesses, it is extremely important to find a suitable lending source according to the requirements of the business. Start up loans are more dependent on loans for all of their financial needs than established businesses, and needs to be financed for almost everything required to set up the business. So before you start a new business, it is overly important to make a detailed research of the market to find the most appropriate lending source and loan deals for your business.

Let us discuss some of the important features of small business start up loans:

These loans are mostly provided by the Small Business Administration (SBA), which is a United States government agency providing financial support to small businesses and aiming at building up the strength of the country’s economy by supporting the establishment of small businesses. SBA does not provide these loans directly to borrowers, but through private-sector lenders that are guaranteed by the SBA.
Since start up business owners do not have enough capital, these loans are mostly obtained at lower interest rates.
SBA acts as your guarantor, and helps you in acquiring business start up loans in case you do not possess properties for mortgage purposes.
Small business start up loans can be obtained very fast. You get them as soon as you apply for them. This is extremely helpful for new business owners who are mostly dependent on loans for all their business requirements.
These loans can be secured even by individuals having poor credit histories, including arrears, bankruptcy, late or missed payments, insolvency, IVA etc. Small business loans provide an opportunity to the borrowers to improve their credit history.
These loans can also be used for refinancing an already existing business.
Business start up loans can be available in any amount, ranging from a few thousand to more than $100,000. It is advisable for borrowers to make a meticulous research on the market and a detailed comparison between the terms and conditions offered by various lenders to find the most suitable one for your business.
These loans are available for anyone having plans to start a new business.

Starting a business involves various details. Here are some of the important purposes a business start up loan can be used:

Purchasing the office space.
Purchasing essential machineries, furniture and other office equipment.
Purchasing necessary electronic equipment like a computer, fax machine, printer etc.
Hiring staff and paying for their salaries.
If you are new in the world of business, it is always advisable to consult an experienced and knowledgeable counselor to discuss your best options for a business start up loan, and the various ways of finding the right lender for you. It is also important to make perfect and flawless business plans before you decide to apply for loans.