If you have a lawyer who can give you sound, practical and commercial advice, he or she will be able to guide you through the complexities of regulatory compliance encountered by any business throughout day-to-day operations. In fact, it is one of the most important business growth strategies your business can adopt, particularly in relation to matters that require legal action or assistance.
It is essential that you find a lawyer who trusts and believes in you, and your business. He or she will be invaluable to you in handling an environment that is regularly complicated by changes to legislation and the application of law, along with managing your business challenges. Alongside these changes, lawyers provide knowledge and advice for you when it comes to implementing and appropriately managing a business plan over time, which will secure your business’s future.
It is important to engage expert legal advice early and build a relationship with your lawyer. He or she will add value to your business and ensure that you are properly advised in the decisions you make to grow your operations.
Your legal advisor needs to be more than a legal expert delivering legal advice - they must put their legal advice into context of what it means for a client’s business, and deliver it in a manner that assists with the client’s business goals and expectations.
Your legal advisor will contribute to you building the foundations for your business operations. The correct structure for your business, the preparation of a shareholder agreement to regulate the relationship between shareholders, the drafting and advising on commercial agreements among other things are part of the services your expert legal advisor can help you with to ensure that your business concept will translate into a functional and effective model during day-today operations. Getting this work done early is always likely to be the cheaper option in the long run, saving you a substantial amount of time and money down the track if something goes wrong. For example, once you have been issued a letter of demand, court summons or complaint, the problem already exists and you will need to incur costs to resolve it.
As your business grows, your legal requirements will change. When you find that the type of business you do or the number and complexity of your transactions is growing then Manookian Solicitors “in-house legal support services” will give you the daily piece-of-mind that you need. Our “in-house legal support services” is designed specifically for businesses who need to deal with contract risks, contract management or contract negotiation or simply need to speak to a specialist lawyer for advice. Instead of outsourcing legal tasks as they come up, you can have access to a dedicated business or property or franchise lawyer that will advise and mitigate your business risk — for a monthly retainer.
If you are a franchisor or a franchisee, your lawyer should be at your side to explain the franchising compliance requirements and help you to understand the franchise process. Franchising is a complex area where there are many issues that need to be considered to ensure regulatory compliance under the Franchising Code of Conduct. Your lawyer will always strive to present you with sound, practical and unbiased commercial advice, which you can then rely on to build your franchise. This will apply whether you are a property developer, an established business or a start-up business.
As a business leader, you need to engage an expert legal advisor who understands your business, whilst also building a relationship with them to ensure that you can communicate and share advice and recommendations appropriate to your business. Without the legal advice of an experienced lawyer, you might miss or misrepresent facts that can prove detrimental to your business. Your legal advisor will help you avoid problems, instead of waiting until they are created, therefore you avoid making mistakes that could land you in trouble.
Contact Rostom Manookian (e) rostom@manookiansolicitors.com or (m) +61 416 716 960. At Manookian Solicitors we offers In-house legal support services. Our “in-house legal support services” is designed specifically for businesses who need to deal with contract risks, contract management or contract negotiation or simply need to speak to a specialist lawyer for advice. Instead of outsourcing legal tasks as they come up, you can have access to a dedicated business or property or franchise lawyer that will advise and mitigate your business risk — for a monthly retainer, contact us for a brochure.