Management and Organizational Studies 2275A/B Chapter 1: Chapter 1 - Managing Your Legal Affairs.docx

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Cristin Keller

Document Summary

Chapter 1 - managing your legal affairs y a sophisticated client: understands the role of the lawyer and of the client. knows when to represent herself, when to hire a lawyer, and how to hire a lawyer. understands the costs associated with hiring a lawyer. knows what can be done if she is dissatisfied with the conduct of her lawyer. The client is free to ignore the legal advice she receives y lawyers are simply providers of advice. They are hired by the client, who provides them with instructions. When to hire a lawyer (start-up and selling of a new business): y first, owners should consider how he will organize his business (sole proprietor, partner, incorporated?). The form is very significant with many implications (liabilities, income taxes, estate planning). Lawyer can provide info and advice for this. y.