You think attorney and you usually think two things (well, maybe a few things): you’re in trouble and you’re going to have to shell out a bunch of cash. While both can be true, what if you had an attorney on retainer? Instead of hours of calling friends and family and online research to tell a stranger about your business over and over – you have someone you can call up and jump on the line immediately. They know you, they know your business, and you know you can trust them. In fact, having a business attorney on retainer can provide numerous benefits for a small business. Here are some key advantages:
- Legal Guidance and Advice: A business attorney can provide essential legal guidance and advice to small business owners. They can help navigate complex legal issues and ensure that the business operates in compliance with applicable laws and regulations. Whether it's contract negotiations, intellectual property protection, employment matters, or general legal questions, having an attorney readily available can help business owners make informed decisions and mitigate potential legal risks.
- Contract Drafting and Review: Contracts are a fundamental part of any business. A business attorney can assist in drafting and reviewing contracts to protect the interests of the small business. They can ensure that the terms and conditions are fair, favorable, and in line with legal requirements. This can help prevent disputes, clarify expectations, and protect the business's rights and obligations when entering into agreements with customers, suppliers, vendors, or business partners.
- Risk Management: An experienced business attorney can assess potential risks and provide strategies to mitigate them. They can identify legal vulnerabilities, advise on liability issues, and recommend best practices to safeguard the business's interests. By proactively addressing legal risks, a business attorney helps minimize the chances of costly litigation and financial loss.
- Compliance with Laws and Regulations: Staying compliant with various laws and regulations is crucial for businesses. A business attorney can keep the business updated on legal changes that impact their operations and ensure compliance with employment laws, data protection regulations, tax requirements, and industry-specific regulations. This helps mitigate legal penalties, fines, and reputational damage associated with non-compliance.
- Dispute Resolution and Litigation Support: In the unfortunate event of a dispute or legal conflict, having a business attorney on retainer provides access to legal representation. They can help negotiate settlements, engage in alternative dispute resolution methods, or represent the business in litigation if necessary. Having a trusted attorney who understands the business can significantly increase the chances of a favorable outcome in legal proceedings.
- Intellectual Property Protection: Intellectual property (IP) assets, such as trademarks, copyrights, and patents, are valuable assets for many small businesses. A business attorney can help with the registration and protection of IP rights, monitor for potential infringements, and take appropriate legal action to defend the business's intellectual property.
Having an attorney your business can trust and that you can get in touch with through a quick call or email can help save time, stress, and, believe it or not, money. In fact, by having a go-to that aligns with what your potential needs are gives you a leg up. You don’t have time spent on engaging a lawyer or consulting with a stranger if it’s just a quick question. You can get that contract reviewed or drafted, that employment issue answered, or that letter out in no time and without having to start over everything.
If the business division at Moffa, Sutton, & Donnini can ever be of help or discuss your business’ needs, feel free to reach out for a free consultation.