Common Myths About Consulting With Corporate Lawyers

Law Blog

When a person is in the process of starting or taking over a business, they may find that the legal needs of the enterprise can be far more extensive than anything that they may have expected. Corporate lawyer services can assist these enterprises with meeting these needs, but these services can be highly misunderstood by those that would benefit from them.

Myth: Business Lawyers Only Deal With Disputes Between Partners Or Between Firms

A basic misunderstanding concerning the types of issues that corporate lawyers handle can be a driving factor in people being discouraged from using these services. For example, some may assume that these lawyers are only needed when there is a serious dispute between the business's partners or with another firm. In reality, corporate lawyer services can assist with a wide range of needs that may include liability assessments, document preparation, regulatory review, and even the legal establishment of the enterprise.

Myth: You Should Only Hire A Corporate Lawyer When You Have An Imminent Problem That Needs To Be Addressed

Waiting to hire a corporate lawyer service until your firm is faced with an imminent problem can be an understandable decision. However, it may prove to be faulty. When a person waits to hire a corporate lawyer until their business is faced with a problem, they can hamper their ability to respond to the situation. This is due to the fact that they will have to seek out a corporate lawyer that they feel comfortable with representing them in the matter. By establishing this type of relationship ahead of time, you will know exactly whom to contact when a potential legal issue arises. Furthermore, these attorneys will only charge for work that they do, but you will need to pay a retainer to reserve their services for in the future.

Myth: Your Business Is Too Small To Use Business Lawyer Services

People that are starting a business or attempting to grow a small enterprise may assume that they can wait until the business gets larger before worrying with the legal issues that come with owning an enterprise. In reality, these businesses can be the most vulnerable to legal liabilities as the fines that can be incurred may be enough to force the business into bankruptcy. Additionally, consulting with a corporate lawyer early in the business's life cycle can ensure that a sound legal approach is used in assigning ownership and responsibilities among the partners, which can reduce the risk of future conflicts.

For more information, get in touch with a corporate lawyer in your area today.


13 February 2020

family law - impacting your life

Just as there are laws to protect us on the roads, there are laws to protect our families. Whether you are fighting for the right to see your children, or are in the beginning stages of a divorce, a lawyer can help. There are many laws and stipulations that can have a serious impact on the outcome of any family legal situation. Having a lawyer working at your side to get through a difficult time is the only way to ensure that your rights are fully protected. On this site, you will learn about some of the family laws that could be impacting your life today.