Hundreds of new businesses are formed every year in California. The majority of those companies will have to shut their doors within the first two years of operation, while a few will go on to be quite successful. Despite the wealth of information available online these days to entrepreneurs, simply putting this generic advice into action doesn’t guarantee a prosperous enterprise. While you may be able to learn some of the basics from the internet, like how to file for your LLC, if you want to set yourself apart from other new companies, there’s one investment that you should make: general counsel.
Every good entrepreneur knows that they should take advantage of the resources around them, like tutorial videos, free seminars, and networking events. However, they also acknowledge that there is absolutely no substitute for a real person with relevant business and legal experience. There are hundreds of details that go into running a business, which makes general counsel all the more valuable. General counsel is a type of outsourced legal assistance and representation, offered by a third-party business lawyer in San Diego. Your general counsel will provide a wealth of resources that no free website could compete with.
There may be specific inclusions to a general counsel agreement, depending on which law firm you go with. However, many of these legal services may be available to your business:
- Advising on initial business filings and structure
- Startup funding procurement
- Maintaining governmental and regulatory compliance
- Resolving disputes within the business, or with third parties
- Safeguarding intellectual property
- Overseeing commercial transactions, mergers, and acquisitions
- Offering financial advice, including restructuring debts/bankruptcy
Through a general counsel agreement, your company will have valuable access to some of the most experienced business attorneys in San Diego, ready to help you with your routine legal needs. Remember, that something that sets apart the successful entrepreneurs and the not-so-successful ones is the power of legal knowledge and representation. Don’t cut corners with your business expenses, and fail to get real advice from a real attorney. Only an experienced lawyer will be able to properly assess your company’s needs, and give you personalized advice, specific to your situation. You won’t find this in an online class or in a book!
Business law isn’t something you can learn in a day. Hire general counsel for your company, and prepare yourself for long-term, sustainable success. When you want to learn more, reach out to us at the Benner Law Firm. Ask for your free consultation to get started.