Legal Issues Disrupt Small and Mid-Sized Businesses Ability to Grow 

Running a successful business can sometimes be like juggling many balls at once. Business owners must deal with day-to-day operations, administrative tasks, vendor issues, employee concerns, marketing, customer complaints, and much more. If you ask business leaders, most will admit that there are simply more responsibilities than they have time to complete in any given day.

Unfortunately, this chronic busyness leaves little room for legal concerns like licensing, protecting intellectual property, drafting robust contracts, and compliance with local, state and federal regulations. Legal matters often fall to the bottom of the priority list. Sometimes, it is only when a business owner is hit with a steep non-compliance fee, lawsuit, or contract dispute that they realize the danger of overlooking legal concerns.

Business owners and business leaders who are constantly putting out fires caused by legal issues do not have time for “big picture” tasks such as developing long-term goals and finding ways to increase profitability. Ultimately, failure to properly address legal matters stunts a business’s growth and prevents leaders from focusing on core goals.

Act Proactively Instead of Reactively to Avoid Legal Problems

Legal matters that are put off until the last minute or forgotten about entirely can end up costing much more time and money than if they were addressed in advance. Whether it is a poorly written contract, insufficient employee handbook, tax mistake, or another issue, the consequences of legal mistakes can be significant.  Not only do business leaders have to spend time fixing or redoing work that was done incorrectly, they may also lose money through late penalties, fees, fines, and the cost of litigation.

Small and medium-sized businesses are often not large enough for an on-staff, full-time attorney. However, getting legal guidance for your business does not have to be all or nothing. An outsourced general counsel can provide proactive legal support that prevents problems before they cause headaches. Utilizing an outsourced general counsel can save a company money, prevent lawsuits and time-consuming litigation, and reduce stress. Most importantly, an outsourced general counsel handles legal matters so that business owners and business leaders can focus on long-term objectives and growing a successful business.

Contact a Naperville Business Law Attorney and Outsourced General Counsel

When business owners and business leaders are bogged down by legal problems, they cannot focus on what really matters. At the Gierach Law Firm, our Naperville business lawyers understand the importance of being proactive instead of reactive. Our outsourced general counsel program, YourOGC, provides reliable, skilled legal counsel to small and medium-sized businesses. We can help you strategize growth and cover your bases, so business contracts and agreements are written to the advantage of your company. We can also help you address employment matters, regulatory compliance, tax planning, and much more.

Call the Gierach Law Firm at 630-756-1160 and set up a confidential consultation to learn more today.

Source:

Forbes