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When you run a services business, your knowledge is your main product.

Because time is money, it is important to charge an hourly rate that reflects your experience. So, how much is your time worth? 

When calculating your hourly rate, consider:

  • how much you will pay your employees;
  • the costs of running your business;
  • how much your competitors charge; and
  • what profit margin you hope to make.

To assist you, LegalVision has created this free calculator. Simply plug in your regular expenses and profit targets to identify your ideal charge out rate. 

If you need help with your new business, our experienced startup lawyers can assist. Just create a request to speak with a one of our lawyers.

About LegalVision: LegalVision is a commercial law firm that provides businesses with affordable and ongoing legal assistance through our industry-first membership.

By becoming a member, you'll have an experienced legal team ready to answer your questions, draft and review your contracts, and resolve your disputes. All the legal assistance your business needs, for a low monthly fee.

Learn more about our membership

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