As a small business owner, you may be wondering why you need to hire a lawyer to help you
run your company. This is especially true today when you can access just about every
conceivable legal document online for cheap from the countless online do-it-yourself document
services like LegalZoom and Rocket Lawyer.
But here’s the thing: Without the guidance and support of trusted legal counsel, you are likely
not aware of all the ways your business is leaking money, putting yourself and your family at
risk, and possibly limiting the positive impact you have on the lives of your clients.
Beyond those potential issues, if you are handling all of your company’s legal, insurance,
financial, and tax decisions yourself, you’ll likely get overwhelmed by all the necessary pieces
required to run a business on a daily basis—crunching numbers, negotiating contracts, dealing
with insurance, and preparing your taxes—and something will suffer.
Either you won’t be able to focus on the parts of your business that you truly love—the
products, client services, or the sales and marketing—or you will overlook the key legal,
insurance, financial, and tax matters affecting your company and this will negatively impact
your operation.
Do Any Of These Scenarios Sound Familiar?
To give you a more concrete idea of what you are missing by not having a Family Business
Lawyer™ on your team, consider whether or not you have experienced any of the following
issues with your business:
● Incredible business opportunities slip through the cracks because you can’t make
decisions fast enough.
● It takes too long to get paid, and your outstanding receivables are driving you crazy and
impacting your ability to generate consistent revenue.
● You want to take your business to the next level, but you keep getting stuck in situations
that you aren’t sure how to handle.
● Your boundaries have been violated one too many times by clients because you didn’t
clarify exactly what the terms of the deal were. ● You are ready to scale your company, but you aren’t sure if your business has the
resources you need to achieve sustainable growth.
● Trying to personally manage all of the legal, insurance, financial, and tax (LIFT) aspects
of your business are draining your energy and creativity, which impedes your ability to
keep the money flowing and your clients happy.
Have Your Very Own In-House Legal Counsel
Most small business owners don’t think they need to hire a lawyer, and perhaps this is why
roughly half of all businesses fail within the first five years of operation. Yet, the most successful
companies wouldn’t dream of not having a lawyer on their team.
These companies typically employ one or more in-house lawyers, who proactively identify
missed opportunities for the company, spot potential risks, create plans to mitigate risks and
build on opportunities. Case in point: Warren Buffett doesn’t make a single business move
without consulting with his personal lawyer, Charlie Munger.
Why? Because Charlie’s wisdom combined with his legal acumen, experience, and ethics are
invaluable in helping Warren achieve his professional goals with ease.
Even if you don’t run a big company, your company still deserves—and frankly requires—this
kind of relationship in order to reach its full potential and for you to make wise decisions that
lead to early thriving. And by working with us, your Family Business Lawyer™, you will have
your very own trusted in-house legal counsel in your corner.
Not All Lawyers Are Created Equal
Another reason why you may be hesitant to hire a Family Business Lawyer™ is that you may
have worked with other lawyers in the past who failed to provide the level of service we offer.
Most lawyers have been taught that the legal profession is all about forms, documents, and
templates, most of which are readily available online for those looking to take the do-it-yourself
route.
Yet, lawyers who simply provide standard documents and forms on a one-off basis without
truly getting to know you, your life, and your business are simply inexperienced. The services
they offer are not what we offer. Your Family Business Lawyer™ focuses on counseling consulting, and “consigliere-ing” over creating documents—document creation simply becomes
a useful byproduct of our professional relationship.
10 Reasons Why Your Business Needs a Family Business Lawyer™
To give you a better idea of what a relationship with a Family Business Lawyer™ entails, here
are 10 things you can expect when you hire us to support your company:
- Your Family Business Lawyer™ is a perfect combination of trusted advisor, problem solver,
keeper of secrets, and deep listener. - Your Family Business Lawyer™ will offer you trusted advice to help you make the tough
decisions that are required daily in your role as your company’s leader. - Your Family Business Lawyer™ will ensure you keep the money you make and are prepared
to earn even more revenue, freeing you up to stay focused on the money-making aspects of
your job that you truly enjoy. - Your Family Business Lawyer™ will help you avoid common risks and pitfalls, handle sticky
situations, and effectively tend to the parts of your business that are especially challenging,
particularly those involving the legal, insurance, financial, and tax (LIFT) components of your
business. - Your Family Business Lawyer™ will help you create, maintain, and honor your professional
and personal boundaries. - Your Family Business Lawyer™ will help you set clear expectations and collect on promises
made to you, including money that’s owed to your business. - Your Family Business Lawyer™ will support you to incorporate the systems, processes, and
technology to ensure your business is positioned properly for rapid, sustainable growth. - Your Family Business Lawyer™ will help you build an unshakable legal, insurance, financial,
and tax (LIFT) foundation for your business, so you’ll never have to live in fear, worry, or doubt
about your company’s survival again. - Your Family Business Lawyer™ will provide you with confidence about your business’s long-
term success, so you can devote all of your energy and passion to growing your business into
something truly meaningful for yourself, your clients, and your family. - Your Family Business Lawyer™ will help you put in place an effective estate plan, so you can
rest assured that your business will survive and thrive even if you become incapacitated or after
you die.
Take Your Business To The Next Level
If you are ready to take your business to the next level and reach goals you previously thought
were unattainable, meet with your Family Business Lawyer™. Our services go far beyond simply
creating legal agreements and other documents for your business and then never seeing you
again.
In fact, as your Family Business Lawyer™, we will develop a relationship with you that lasts not
only for your lifetime but for the lifetime of your business and your successor, if that’s your
wish. With our trusted guidance and support, your business will continue to grow and thrive for
generations to come. Contact us today to learn more.
This article is a service of Lawan Law Group, Family Business Lawyer™. We offer a complete spectrum of
legal services for businesses and can help you make the wisest choices on how to deal with your
business throughout life and in the event of your death. We also offer a LIFT Start-Up Session™
or a LIFT Audit for an ongoing business, which includes a review of all the legal, financial, and
tax systems you need for your business. Call us today to schedule.
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