Do you feel that you should just be able to trust your lawyer to take all of the legal steps in your business? Is dealing with the legal risks in your business something that you don’t want to have to consider? So often we have business owners come to us after they have encountered a problem and wondered why they didn’t take steps to prevent the problem from arising. Truthfully they ignore the problems in their business thinking that their lawyer will tell them if there are any problems with their business.
This is a dangerous path to take and is a bit like owning a house or a business without any insurance in place. In this article we will discuss the two main reasons why you shouldn’t rely on your lawyer to just identify these issues.
Unknown Unknowns
n any situation there are things that you know and that your advisers know. It doesn’t matter how long you have had the relationship with your lawyer there will be aspects of your business that your lawyer doesn’t know about. There are also going to be areas of the law that you don’t know could be a problem. The Business Legal Lifeycycle Legal Risk Assessment is designed to identify these unknown unknowns in your business so that you can reduce your legal risks.
Be Proactive
Often the investment of being proactive can seem like a lot at the time but the cost of not dealing with your legal risks before they arise is so much more. You need to consider the cost of obtaining legal advice as an investment in your future, just like insurance is an investment in helping you if there is a future problem with your business. The reason that I developed the Business Legal Lifecycle was due to my frustration with the fact that so many people could prevent problems before they arise.
One business owner nearly lost $2million of his own money because he didn’t want to invest in legal advice. Another ex-partnership lost over $1million of other people’s money all because they didn’t invest early in their business. When you shift your mindset to legal fees being an investment rather than a cost then you will see the benefits in obtaining legal advice.
About Business Legal Lifecycle
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment and Education Course to help you to understand the law without a law degree. Without knowledge you don’t know your legal risks which could cost you a lot in the future.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
Still unsure check out the legal foundations for your business with our free “workbook” (to be written)
