Without truly understanding the benefits of having general counsel, you might be under the impression that you don’t need it. This could end up costing you and adding unnecessary frustration for you if you do face a legal issue. Having general counsel at the ready for when issues emerge makes your life and running your business much easier. Read on to learn more about some of the most common myths about using general counsel.
My Business is Small- I Don’t Need a Lawyer
As a small business owner, you wear many hats. That’s why it’s tempting to think that you can handle the vast majority of legal issues you face in the day-to-day. Often, a business owner who has fallen for this myth realizes it too late, having lost time and money in the process of scrambling to address a legal issue. Reviewing contracts, preventing conflicts from escalating into litigated disputes, and ensuring proper protection for you and your business are just a few reasons why having general counsel is beneficial, regardless of your business size.
I Can Always Hire a Business Lawyer If and When the Need Arises
When you’re facing a legal issue, time is of the essence. You don’t need the additional pressure of trying to identify the right attorney to work with and trying to assist this lawyer with his or her understanding of your business. When you have a lawyer standing by, you get the peace of mind that comes with knowing that this attorney already understands your business’ unique needs and the various issues at play. Experienced general counsel will also help you avoid legal conflicts in the first place by taking a preventative approach to all your documents and procedures ahead of time.
General Counsel is Too Expensive
If you had someone on call ready to help you not just address disputes promptly, but also to give you ongoing advice about how to better protect yourself and avoid future lawsuits and risk exposure, this can actually help you minimize costs. Taking preventative measures to mitigate your risks and avoid legal issues is almost always more cost-effective than attempting to put a fire out once it has already begun.
By working with experienced general counsel on an ongoing basis, you’ll benefit from risk mitigation strategies that help minimize the chances you’ll be facing exposure down the road. As a business owner, you have enough to worry about. Outsourcing your legal business concerns to general counsel allows you to focus on what’s truly important: growing and protecting your business.
Are you ready to talk? Contact Integrated General Counsel today to discuss your company’s needs, and to learn how we can help!
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