Establishing a business with a strong legal foundation will help in protecting an owner’s personal and business assets while also reducing legal issues and liabilities in the future. Working with an experienced business attorney will help a business owner, and related parties, understand the type of business entity and corporate structure that will work best for the business. The attorneys at McClanahan Powers will assist in filing the necessary documents and drafting appropriate contracts and other legal documents that are tailored to the business to maximize its interests and protection. Our business attorneys will help you understand what legal issues may be problematic for your prospective business and what actions you can take to reduce or eliminate these issues. Saving your business, time, money and expense, and allowing it to grow and prosper.
A Business Legal Analysis for an established business allows our attorneys to delve into your business practices and understand how your company operates. Our experienced business law attorneys will assess a specific legal matter or any legal liabilities your business may be exposed to and will work with you to correct current problems and liabilities while limiting or preventing future ones. We provide long-term retainer options for our clients, allowing them to call and ask an experienced attorney their legal question instead of haphazardly hoping for the best. We will look at your business procedures, existing contracts, business structure, and business materials to ensure that they have the appropriate legal language and maintain best practices to protect your business.
Many businesses that our attorneys work with are already established or beginning to operate but have only had limited legal support if any at all. Typically, these clients come to us for the first time when a legal problem already exists, dramatically increasing the time and cost to repair the damage done. They have received a Letter of Demand, they have been served with a lawsuit, or they know that legal action is imminent. In many cases, this problem may have been avoided if certain procedures had been followed or certain action had been taken earlier; whether that could have been having a contract in place, putting particular legal language in a contract, or following legal guidelines they may not have even known existed. Unfortunately, many business owners wish to avoid legal fees and costs in order to save money and choose to handle it themselves.
It is not uncommon for a business owner who has a legal problem or question to attempt to “fix” or “solve” it themselves by doing a basic internet search to see if they can find the answer. Or, even worse, the business owner simply “hopes” that the issue will resolve itself.
In some situations, a business owner may retain a “Do It Yourself” legal document provider who will provide the business owner with a blanket legal document for a fixed fee. Often times, this document doesn’t provide the protection it should, misses a critical piece, or is not even applicable to the situation. Consequently, the business owner is under a false impression that they and the company are fully protected, when in fact they are exposed to liability and may have an unenforceable contract.
The reality is that the legal issues are often far more complex than they appear and they require a comprehensive understanding of the law. The best way to save your business money on legal fees and costs down the road is to work with a knowledgeable attorney before there becomes a bigger problem. As a wise man once said, “An ounce of prevention is worth a pound of cure!”