As a small business owner, you might often feel like you’re tackling the challenges of the business world solo. Unlike larger corporations with dedicated legal teams, the luxury of an in-house general counsel may be beyond your budget. However, the need for substantial legal support remains, irrespective of the size of your enterprise.
In-house business lawyers play a crucial role in actively seeking opportunities, identifying potential risks, and establishing a robust legal framework for the company’s triumph. They possess a profound understanding of the company’s values, goals, and aspirations, using this knowledge to provide strategic counsel to business leaders.
However, the reality for most small businesses is that a full-time lawyer on the payroll is neither necessary nor financially feasible. Instead, many opt to engage local business attorneys on an as-needed basis, often waiting until a problem arises rather than seeking proactive counsel.
The drawback of this reactive approach is evident. Lawyers handling one-off transactions may charge a low flat fee per transaction but seldom delve deep into understanding your business. Alternatively, hiring lawyers when a problem arises often results in hefty retainers and unpredictable hourly fees, potentially disrupting your company’s cash flow. Moreover, these attorneys might lack the intricate knowledge of your company needed for efficient assistance.
Fortunately, there’s a contemporary solution rooted in traditional values…
Revitalizing the Role of the “Family” Lawyer
Traditionally, families leaned on a single attorney for diverse needs, fostering a sense of familiarity and trust. While we won’t be expecting dinner invitations, a Family Wealth and Estate Attorney reintroduces the personalized service reminiscent of a “family” attorney. A Family Wealth and Estate Attorney with a Strategic Business Focus extends beyond conventional legal support, providing in-depth strategic business advice that aligns seamlessly with your vision and goals.
How a “Family” Wealth and Estate Attorney Supports Your Business Vision
- Attentive Listening:
- Takes the time to comprehend your unique vision and desires for your business and lifestyle.
- Ensures your business aligns with your aspirations and provides support in legal, insurance, financial, and tax aspects.
- Guidance and Support:
- Guides you in clarifying business goals.
- Evaluates the overall health of your business in relation to your objectives.
- Identifies growth opportunities.
- Offers advice on where to focus energy and helps mitigate foreseeable risks.
- Proactive Connections:
- Proactively connects you with legal, insurance, financial, and tax professionals as needed.
- Educational Support:
- Provides education on business news, technology, and strategies impacting your business positively.
- Legal Landscape Navigation:
- Reviews contracts, negotiates agreements, and protects intellectual property.
- Keeps you informed about changes in the legal landscape.
- Ensures business plans align with personal estate and succession planning.
Beyond these roles, a Family Wealth and Estate Attorney becomes your sounding board, offering guidance during challenging decisions, ensuring alignment with your values. The objective is not just legal counsel but to be your strategic business partner.
In-House Support without the High Cost
Exclusive Legacy Planning Sessions offer in-house counsel support without the associated high costs. With three tiers of support tailored to your business needs, you receive the right level of assistance as your business evolves. This approach ensures you feel an extension of your team, receiving dedicated support that aligns with your company’s success.
As a business owner committed to your company’s success, the power of strategic business-focused legal support can be transformative. If you’re ready to explore the impact of having a legal partner who genuinely cares about your vision, schedule a 30-minute discovery call. Let’s discuss how strategic business advice and planning can boost your company’s success.
Click here to schedule a 30-minute discovery call and learn more. I look forward to helping your business thrive!
This article is presented by Michelle Bell, an expert in estate planning and business succession services. Our office provides comprehensive legal support for businesses, assisting you in making informed decisions throughout your entrepreneurial journey and in planning for future contingencies. We also offer a specialized session where we review your business’s legal structures. To arrange this consultation, please click the following link: https://calendly.com/mcblawpllc/30min.
The information in this article is intended purely for educational and informational use and should not be considered as advice on ERISA, tax, legal, or investment matters. For advice specifically tailored to your unique situation, such advice should be sought independently from this educational content.