General Counsel: Why You Need One and Their Role in Your Business

General Counsel

You had a dream and toiled long and hard to turn that dream into a thriving business.

Sometimes, you wonder if you need an attorney, but you’ve avoided legal trouble so far. You’ve read up a bit on business law and think you’ve got a handle on it.

What happens, though, if someone decides to sue you?

The time to hire an attorney is before you get your business off the ground. The next best time is right now. Today, you’ll see why hiring a business attorney is an investment in the future of your company.

Why You Should Hire General Counsel Right Away

Some people will tell you to forego business law representation, that only large corporations need general counsel.

However, even small- and medium-sized businesses face legal problems. The most common legal issues faced by businesses are:

  • Disgruntled employees
  • Proper business structure
  • Contract disputes
  • Contract Negotiations
  • Unemployment Claims

Retaining an attorney will give you peace of mind. You know someone is fighting for you – someone who has a good understanding of business law.

If you’ve retained and worked with general counsel even before facing legal issues, that’s even better. You and your lawyer know and trust each other. Knowing you have someone who can and will defend your company is better than scrambling at the last minute to find legal representation for your business.

What a Business Attorney Can Do for Your Business

The purpose of having an attorney on retainer isn’t just to fight potential legal battles. A general counsel can help prevent problems.

Here are just a few ways a business attorney represents your business.

  • They make sure you’re compliant with local, state, and federal business laws.
  • They can create legally sound business contracts between you and customers, partners, independent contractors, etc.
  • An attorney can help with sales negotiations if you decide to sell your business or acquire another.
  • Your lawyer can assist with business transactions that involve negotiations, reviews, and document preparations.
  • A lawyer can help you take steps to legally protect your business and assets.

What If an Attorney Isn’t in Your Budget?

One of the main reasons why business owners put off retaining business law representation is the cost.

A business attorney is one of the best investments you can make in your business. Therefore, it should be included when creating your budget. In the long run, having legal representation for your business will likely save you a lot of time, money, and frustration.

Once You Get Sued, It’s Already Too Late

Once you become the target of a lawsuit, you’re already behind the curve. Take steps now to protect yourself. Invest in general counsel. Let them take care of matters pertaining to business law so you can focus on what you do best-run your business.

Are you ready to seek fierce legal representation for your business? Contact the Ericksen Law Firm today to schedule a free consultation.

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