There’s an old saying about succeeding in business— “You need to spend money to make money.” This is very true. The expenses required to run a successful operation can add up quickly, and there are always costly items that get overlooked.
This is particularly true when you’re first starting out. One of these is an attorney to assist your businesses with legal advice and litigation should the situation ever arise. Having an in-house attorney can cost quite a bit, and if you’re first starting out, such a service might be out of your price range.
Luckily, there are options available for such circumstances. Having an outside general counsel might be your best option for all legal matters that pertain to your business.
What is an Outside General Counsel?
While having an in-house attorney can be expensive, an outside general counsel can provide the same services for a slightly lower cost.
An in-house counsel is an employee, but an outside general counsel is an independent third party that can advise and assist in the same matters.
Why Should I Hire an Outside General Counsel?
Two advantages to hiring an outside general counsel are cost-effectiveness and experience. Legal issues are highly complex and require in-depth knowledge and experience to navigate. An outside counsel has been afforded the same education and expertise of an in-house attorney but is available to you at a much lower cost.
What Can an Outside General Counsel Do for My Business?
Once again, this is a situation that all comes down to knowing the letter of the law. As a business owner, you already have enough on your plate. From day-to-day operations, maximizing profits, and making sure payroll is taken care of, your schedule is hectic enough as it is. An outside general counsel can advise you in any legal matters, not to mention that all business practices you adhere to are within the confines of the law.
An outside general counsel can also be helpful from a strategic point of view. Should your business have to take any legal action, they can advise in a variety of matters. Patents and articles of incorporation are complex, and a legal mind can make them more understandable.
Who Can Provide Outside General Counsel?
If you’re a business owner in the Sarasota area and think that an outside general counsel will be an effective tool for your business, then trust the Law Office of Kenneth J. Nota.
With over three decades of experience and in-depth knowledge of the working world, you’ll be able to focus on your business, while we focus on the law. Call us at 941-309-5270 or visit us online and see why we’re not just another law firm.