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Lawthentic Loop

Keep up-to-date with all Lawthentic things

As obvious as it sounds, a lawyer should be a SMB’s first point of contact before entering a new endeavour.

Future-proof your new venture

As obvious as it sounds, a lawyer should be a SMB’s first point of contact before entering a new endeavour.

As business lawyers, we often come across small to medium businesses in turmoil.

When we first meet a struggling client, we start by asking a series of questions to better understand the problem and delve into the key issues. We quickly learn the client didn’t seek legal advice when first entering their new business venture.

When we dig a little deeper, the common view expressed by business owners is: ‘I didn’t think I needed a lawyer.’ Sadly, this is a phrase we hear time and time again (and one of the inspirations behind Lawthentic’s Preventative Law approach).

On pondering, why small to medium businesses need a lawyer, what instantly comes to mind is the obvious, being the functional tasks, we lawyers perform: reviewing, drafting and advising… But a lawyer, especially one who specialises in business and commercial law for SMBs, does so much more!

Firstly, a lawyer evens out the playing field. It’s not uncommon for large corporations to use their size and financial resources to intimidate or bulldoze SMBs. Often, we need to step in to secure an even-handed outcome for our clients in a plethora of scenarios and transactions.

Secondly, a lawyer guarantees an agreement accurately reflects what has been agreed, including everyone’s rights and obligations. We regularly come across situations where what is documented differs from what parties agreed. Similar to an insurance policy, investing in a lawyer puts a safety-net in place from the get-go and avoids issues in the future.

Finally, a lawyer highlights risks and consequences. When first entering an endeavour business owners have stars in their eyes. But of course, with any venture there are risks and consequences. Too often, these risks and consequences are not contemplated until it’s too late.

As obvious as it sounds, a lawyer should be a SMB’s first point of contact before entering a new endeavour.

So, if you’re diving into something new, get in touch and let’s grab a coffee… We’ll chat about how we can future-proof your next business venture and save you any heartache. After all, we’re all about legal advice to empower business.

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