5 Reasons Your Small Business Needs a General Counsel
Among the major concerns for small business owners is the need to decide whether or not they require a general consel. Attorneys have knowledge and experience of dealing with legal issues surrounding the starting and operating of a small business. However, they usually charge a very high fee and most small businesses simply are not in a position to pay that. While you definitely don’t require a general counsel at every step of operating your business, there are some cases where you definitely need the services of an attorney:
1) You need a general consel to draft legal contracts: It is important that you hire an attorney to draft legal contracts for you. The reason is simple—if you draft legal contracts yourself, you are likely to leave out important things, put in non-important things and make use of unclear language since you are not aware of the law. Therefore, unless you want to study, read and stay updated on the state laws and legal procedures, you need a general consel to draft your legal contracts and protect you and your company.
2) You need a general consel for legal advice: An attorney can help you avoid needless exposure to liabilities and advise you on the best strategies for successful running of your business from a legal perspective. He/she will also help you to decide whether a limited liability company or a corporation is a better option for you to run the business.
3) You need a general consel because you can’t offer pay-offs: You need to hire an attorney for your small business because you are not in a position to payoff your angry ex-partner or customer who was financially or physically harmed by your product or service. Thus, you can pay an attorney now or pay him/her later. By having an attorney take care of your legal requirements beforehand, you can minimize the chances of you requiring them to tackle a legal dispute later on.
4) You need general counsel to provide you with sound personnel advice: Small businesses are always encountering questions regarding employee-employer relationships, such as unemployment compensation, employee discipline, disability and discrimination issues. By have general counsel you always have immediate access to advice needed today, not several days down the track.
5) You need general counsel if you get sued: small businesses, no matter how well they operate and how careful they are to not break any laws get sued. It is just part of being in business. General counsel can not only minimize your chances of getting sued, but can often settle case quickly for you before the litigation expenses sky rocket. Some general counsel are also litigators and can represent you in court. Such counsel is invaluable because not only can they defend you in court, but by virtue of being your general counsel, they know your business and can bring that practical knowledge to your aid in litigation.
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