Yes, lawyers can seem costly, but they are definitely a good investment. When it comes to hiring a tax attorney (or any attorney), you are under no obligation to hire that attorney on the spot (or at all). Thus, take advantage of the fact that there are many thousands of lawyers in the U.S. It’s worth it to find someone that makes you feel comfortable.
But first things first, from the little bit of information that you’ve shared, you may not need a tax attorney. You may be better off with a business attorney. Of course, if you have honest concerns about tax-related issues that you did not share, then yes you should look for a tax attorney. A tax attorney could advise you on the tax liabilities associated with each form of legal business entity and help you make the decision that is in your best interest.
As far as price, yes, it will likely cost you more than $100 an hour. Tax attorneys have a JD and then typically obtain even more education as an LLM. Hourly, you could be looking at between $200 and $500 an hour.
Having said that, attorneys don’t all charge on a hourly basis anymore. Hourly billing can be a really scary concept to businesses who are unaware of how much their lawyer is going to charge them until the very end. We tried to alleviate those pain points atWe’re a legal marketplace which makes it easy to hire and work with high quality vetted lawyers. Most of our lawyers are former in-house counsel for Fortune 500 or Big Law firms and now practice on their own without the lagging overhead. Because of this, they’re able to offer transparent flat-fee pricing which not reduces the ultimate price but also provides expectancy. Feel free to message me with any questions!