Why Small/Medium Businesses Benefit From Having An Outsourced General Counsel

When hopeful entrepreneurs start a business or buy a business, few are prepared for the legal challenges they will encounter. Whether it is acquiring the appropriate business licenses, drafting employee agreements, registering trademarks, or dealing with regulatory issues, business owners are constantly faced with legal concerns. Many small and medium businesses underestimate just how much time and energy legal issues will require. Unfortunately, many business  leaders also fail to recognize the consequences of neglecting important legal issues until it is too late.

An outsourced general counsel is an often overlooked asset that can help you address legal issues in a proactive manner instead of a reactive manner. Business owners who work with an outsourced general counsel do not have to worry about unexpected legal disputes or fines due to non-compliance. They are instead free to focus on what really matters: Developing a thriving business.

Is an Outsourced General Counsel Right for You?

If your business revenue is in the $10 million and above area but the size of your business does not justify a full-time lawyer, outsourced general counsel may be right for you. An outsourced general counsel becomes part of your team and learns your business, your goals, and your needs. They are much more than an ad hoc lawyer you hire when something pops up. A qualified, experienced attorney offering outsourced general counsel services takes the time to get to know you and your business. He or she will customize solutions for your business based on your unique needs and goals. Furthermore, when you work with an outsourced general counsel, you know in advance what your fixed monthly fee is going to be. Not only does this save you money, it also relieves some of the financial stress associated with unexpected legal fees.

How Can an Outsourced General Counsel Help?

Business  leaders  run into unexpected legal problems on a regular basis. Some of these problems are relatively easy to mitigate. Others result in massive legal and financial implications. A skilled outsource general counsel will evaluate your business and identify areas of risk and address those risks before the risks develop into disasters.

An outsourced general counsel can help with

• Starting a business or buying an existing business
• Mergers and acquisitions
• Business succession planning
• Liability and risk management
• Contract negotiations and due diligence
• Tax strategies
• Intellectual property rights
• Human resources matters, including employee agreements, non-compete agreements, non-disclosure agreements, and contractor agreements
• Legal disputes and litigation
• Any other legal question or concern you have

Call Us for Help

If you are the leader of a small or mid-sized business, working with an outsourced general counsel may be the best way to ensure unexpected legal problems do not thwart your business’s success. At the Gierach Law Firm, we know that most legal issues encountered by business owners are preventable. Through our outsourced general counsel program, YourOGC, you can identify these legal concerns before they become disasters and focus on growing your business.

Call the experienced Naperville business law attorneys at the Gierach Law Firm at 630-756-1160. Set up a confidential consultation to learn more today.

Source:

Forbes