Colorado Outside General Counsel for BusinessesRequest Free Consultation
Running a business isn’t always free of legal issues. Even when everything goes as planned, many industries require businesses follow specific regulations or laws. And what about sensitive growth decisions that might impact compliance, tax, or contractual matters now or in the future? Should every business have a legal department? And, if not, should those businesses without a legal department at least keep a lawyer on retainer?
Not all businesses need or can afford their own legal department, and it’s not always prudent to keep a single attorney on retainer for various matters. Keeping one attorney on retainer may seem like a good option, however, they serve multiple other clients and they may not take the time to truly get to know your business, its needs, or understand your business objectives.
As a business owner, you have another option: hiring outside general counsel. Our attorneys have more than 30 years of experience to help your business as your outside general counsel.
What Is Outside General Counsel for Businesses?
Outside general counsel is legal counsel for your business that isn’t based within your business. While it’s an external legal solution, it’s often better than retaining a business attorney. Outside general counsel is, in the instance of Mallon Lonnquist Morris & Watrous, an entire law firm dedicated to getting to know the needs and objectives of your business.
Because we take the time to get to know your business, we specifically work to do what is in the best interests of it and what’s in the best interests of the owner and/or the board of directors, depending on how the business is structured.
Outside general counsel services are often more affordably priced than paying a retainer when the business needs an attorney. This can be someone referred to the business or someone that the owner or an attorney that someone on the board knows.
What Are Some of the Responsibilities of Outside General Counsel?
Outside general counsel’s responsibilities may depend based on the industry of the business they serve as well as what needs the business has. Some examples of the responsibilities of outside general counsel include:
- Performing due diligence research for completion of mergers or acquisitions
- Reviewing lease agreements
- Respond to requests from the departments within your business
- Research and analyze laws and regulations in your industry
- Assist your business through compliance matters
- Deliver status reports on any legal matters your business is involved in