So you’ve done it! You’ve gotten wealthy, and whether that means you have enough money to take care of yourself, or you’ve got enough to make some investments and diversify your portfolio, you are probably learning that money can be a solution to a lot of troubles that you are experiencing. But it can also be a massive problem, and the classic phrase ‘more money, more problems’ tends to be very true.
Whether you are wealthy or your business is, you need to make sure that you have an attorney on retainer in order to keep yourself safe as well as get ahead of any problems you might have. Even if your small business doesn’t have to worry about people suing you left and right or your company getting into accidents, there are other day to day issues that require a lawyer.
Personnel issues, supplier contracts, and other issues can come up and can require a legal expert to help you get things unstuck. So you need to have a lawyer on retainer to allow your business to handle those problems, plus it is a great way to put your wealth to good use.
What Does Having An Attorney On Retainer Mean?
Basically, having an attorney on retainer means that you are putting aside money in advance to hire an attorney later whenever a problem happens. You might put $1,000 dollars away for an attorney, and that is called a trust account. You are investing money in the relationship, and whenever you need the attorney they come to you because of your investment.
They already know your business and can have your back, and while the investment might not cover the legal fees that you need to hire the attorney for, you at least have one at your beck and call without needing to scramble to find one.
After all, there’s nothing more stressful than having a massive legal problem and needing to seek out an experienced attorney quickly can cost you a lot more money than simply paying the retainer charge.
The Law Around Businesses Keeps Changing
Whether you have a wealthy small business or want to invest some of that wealth and make some money running a larger company, you need to know the laws around various sized businesses.
Now, learning the various changes can be tough and can really eat into your time running your business, and one of the biggest benefits of having an attorney on retainer is that they are able to learn all of that for you.
Attorneys such as the ones at Dolman Law are able to ensure that you know the law and are following it, and they can keep you up to date as significant changes are made. That way you and your business can keep on making money!
It Can Keep You Safe From Those Who Want Your Money
Finally, it seems like once you get some money then everyone wants it. If you end up getting sued or another company starts pushing papers and other items towards you to get some of your cash, you can use your attorney to keep your money safe. They will handle all of your problems, and will keep you from spending money where you don’t need to spend any.
Lawyers know how to challenge evidence, meet deadlines when it comes to filing papers, and they are experienced enough to follow all procedures. Instead of taking on legal cases or dealing with these stressful situations yourself, let your lawyers handle it all for you and you will have no extra stress!
