As a business owner, you face legal issues every day. As problems arise, it can be difficult to know where to turn. One person who can help is your corporate counsel. In fact, there are three distinct ways that using a corporate counsel may help your business run smoothly.
Set Up Preventive Measures
An experienced business lawyer sees more than a company’s current legal problems. Your corporate counsel is looking ahead to future disputes – and ways to protect your business from costly mistakes.
For example, contracts are a necessary part of business. Your attorney can write contracts that work for you and review contracts you receive from other parties.
It’s also essential to choose the right business entity when forming a company. At some point, however, you may want to convert your company to an entity that suits your changing needs. A corporate counsel is familiar with your corporate culture, your business plans, and your business operations. You will be able to discuss your options and receive knowledgeable advice.
Address Legal Disputes
Sometimes a full-blown, expensive business trial started with a simple legal dispute. The advice of a corporate counsel focused on your company’s needs may lead to early resolution without resorting to litigation.
As an example, let’s look back at contracts. One of your customers or vendors may misunderstand your contract with them or commit a breach of contract. Negotiating a settlement usually is less costly than filing a lawsuit. At the very beginning of the dispute, your corporate counsel can review the contracts and devise a strategy for ending your legal disagreement.
Adapt to Changes in Business Laws
A business owner typically focuses on trends affecting their company. However, it’s unlikely you will have time to stay abreast of any changes to business laws. Your corporate counsel does stay on top of the changing legal landscape and understands how your company might be affected.
For example, the Florida Business Corporation Act changed the way some Florida companies operate. However, you may not have the time to read and understand the changes. Your corporate lawyer will be able to tell you if your company is affected by the changing laws.
Contact a Business Attorney
Attorney Richard Sierra at the Florida Small Business Center assists clients like you with business and litigation matters. As always, Our Goal Is to Help You Succeed™. For an appointment, you may call us at 1-866-842-5202 or use the contact form on our website. we represent clients throughout South Florida, including Coral Springs, Coconut Creek, Boca Raton, Delray Beach, Pompano Beach, Sunrise, Fort Lauderdale, Miami, and surrounding communities.