The Benefits of Having a Corporate Lawyer on Staff

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Whether you’re starting a new business or thinking about rebranding your company, you’ll probably want to know whether having a corporate lawyer on staff would be useful to you and your business goals.

A corporate lawyer isn’t just someone who can help with legal issues that come up; they can also play a huge role in helping you streamline the legal side of your business so that it runs smoothly without too much attention from you or any other employees, allowing you to focus on your actual job. Here are just some of the benefits of having a corporate lawyer on staff.

Legal issues are complicated


there are lots of laws and regulations that you have to follow, and there’s plenty of room for error. If you get in trouble with these issues, it can affect your business.

To save yourself time and money, it makes sense to hire a lawyer who specializes in corporate law. A corporate lawyer can help you make sure your business is following all applicable laws, while avoiding costly mistakes. The following list describes some benefits of having a corporate lawyer on staff

A lawyer saves you time and money


As soon as you hire a corporate lawyer, he or she can take care of all your legal needs. Need to create an LLC? The lawyer will do it for you. You don’t need to research and understand what it means to have one, how to get one, and where to go about getting one.

If it is illegal for you to open an account, for example, then a lawyer will tell you that so that you know whether or not that business idea is worth pursuing.

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Here’s how to find the right lawyer for your business


Ask your existing attorney to recommend one. Then, check with other business owners in your industry. Finally, talk to colleagues who’ve used corporate lawyers for their businesses—they’ll be more likely to refer lawyers they like and trust, which is key when you need help that affects both your livelihood and your personal assets.

Hiring a corporate lawyer is cheap insurance


You can hire a lawyer for about $200 an hour, or you can pay $10,000 or more to defend against an expensive lawsuit. The difference is even greater if you’re forced to close your business due to legal problems—the price tag for those kinds of issues usually starts at around $250,000 and keeps going up from there. A good corporate lawyer will help keep your business out of court by helping you stay in compliance with legal requirements.