In today’s business climate, every business owner needs to have a lawyer on their team. Lawsuits and other legal complications can arise seemingly out of nowhere, and you need to be protected. Here are five reasons you should have a relationship with a business lawyer. (And, if you keep reading, you’ll see that it is not necessarily expensive.)
Having a lawyer on your team can tilt the field to your advantage in the event of a lawsuit.
If you are threatened with legal action, having a lawyer already on your team means that he already knows your business, which allows him to hit the ground running. Even more importantly, a savvy business lawyer will have constructed your business agreements in such a way that you will have an immediate advantage in a legal dispute.
A lawyer can ensure that your contracts and legal agreements are airtight.
Many business owners don’t grasp the importance of solid contracts until it is too late. As a result, their agreements are vague or incomplete, and their clients, contractors, and associates may be able to take advantage. Having a lawyer on your team can help you avoid these costly oversights.
An experienced business lawyer can help you avoid mistakes of which you were not even aware.
Running a business is full of potential legal pitfalls. This proves true for both experienced entrepreneurs and young business owners who are just getting started. A good business lawyer, with specific knowledge of your business, will help you avoid problems that you did not know existed, which can save you huge amounts of money and stress.
An experienced lawyer will know who to refer you to if you need other specialized assistance.
A business lawyer can quickly help you realize when you need additional help – especially with complicated tax matters, or any other specialized assistance. A well-connected business lawyer will be able to quickly refer you to other professionals that can provide the assistance and the guidance that your business needs.
Having a business attorney on your team can make it easier to get paid.
If a client, vendor, partner, or other associate owes you money and is dragging his feet on the matter, by simply asking your lawyer to send a request on your behalf, you can motivate immediate action. In the event that this alone is not enough to convince the individual to pay, your lawyer will know what your next steps should be in order to collect the money you are owed.
If you own a business, you need a lawyer on your team – it is that simple. We are proud to offer a unique General Counsel program for businesses that lack the resources or need for full-time, in-house counsel. Our program enables businesses to receive the ongoing legal guidance that they need – for a fraction of the cost of putting a lawyer on the payroll. Click here for details.