Unless you have been there before, no one understands how exciting, yet difficult forming a new business entity can be. Many of the decisions made at the time of business formation can have a significant impact on the ultimate success of the business venture. Thus, it is very important to weigh the potential short-run and long-run impacts of these initial decisions.
Not all businesses have their own attorney. Many businesses are small to medium-sized. They’re large enough to need legal input on sophisticated business matters but aren’t yet prepared to hire an in-house counsel.
To address their legal and business law needs, these growing companies work with a knowledgeable law firm that acts as their external general counsel. This structure provides much of the same legal support as an in-house counsel or attorney staff does.
- Business Entity Formation (corporations, limited liability companies and partnerships)
- Contract Preparation and Negotiation (joint venture agreements, labor and employment agreements, construction agreements, operating agreements, subsidiary agreements, supplier agreements, rental leases, corporate finance agreements, and most other business agreements)
- Regulatory Compliance Plans Licensure and Permitting Matters Mediation, arbitration or litigation of business disputes
The External Business Lawyer's Role
The business attorney will help the business to deal with negotiating contracts with vendors, corporate governance matters, employee terminations, or managing expenses associated with business litigation. In these ways, the external general counsel in Utah is an integral part of their client’s business team. They’re involved in helping the business to operate more efficiently by managing the legal matters that affect the growing enterprise.