Business Transformation

Could a Commercial or Corporate Solicitor Save Your Business Time and Money?

Creating a business is not for the faint of heart. From seeing to the day-to-day demands of simply staying afloat from 9am to 5pm, to creating the long-term plans designed to see you safely through any number of storms, business owners need to be able to find a way to be virtually all-seeing, and all-aware. 

Obviously, that’s not possible – and, even if you feel on top of everything for a day or two, there will inevitably come a time when you simply can’t keep your finger on every pulse, all at once.

One of the areas that demonstrates this inability most clearly is corporate law – a highly specialised field that must be mastered for a business to stand a chance of succeeding and thriving. The trouble? Mastering corporate law demands extensive knowledge, and a proactive approach that no business owner has the time to adopt.

So, how can commercial and corporate law solicitors help? 

Help to reduce the risk of future conflicts

During a business’ lifetime, there is always the possibility of running into legal trouble and to avoid a conflict arising – for example between you and a past employee or another business – an experienced commercial and corporate solicitor is in a position to ensure your contracts and agreements are legally sound. 

Knowing this has been dealt with ensures that you can continue seeing to the needs of your business, rather than learning the ropes of corporate law from the ground up – and on the fly.  

A preemptive and proactive approach to change

The world of business is constantly changing. Even in the last few years, we have encountered a number of unprecedented changes, like those brought on by Brexit and the Covid-19 pandemic, as well as many other transformations, such as the introduction of GDPR

Maintaining pace with these changes is imperative. Failing to meet with the new expectations and requirements as and when they arrive on the scene can lead to hefty fines – not to mention major setbacks for your business’ reputation – but understanding and implementing the necessary changes is another burden on your time, and one that you may feel unable to take on. 

The wide-reaching expertise of a commercial or corporate solicitor is ideal for business owners. They can help you to implement the changes that need implementing before your business’ finances and reputation are on the line.

Assurance that your contracts and agreements are airtight

It’s one thing to attempt to take on a business contract or shareholder agreement on your own – and another thing entirely to be able to sit back, get on with business as usual, and trust that everything is airtight and capable of protecting your interests. If you’re wrong, or that seed of doubt turns out to be true, then you could meet with major setbacks further down the line. 

Commercial and corporate solicitors know how to put together agreements that are capable of standing the test of time, and that means as much for your peace of mind (and your ability to see to what’s important) now as it does for the future.


Have you read?

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The World’s Richest People (Top 100 Billionaires, 2022).
Jamie Dimon: The World’s Most Powerful Banker.

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Sophie Ireland
SVP for News and Editorial Director. As CEOWORLD magazine's senior vice president for news and editorial director, Sophie Ireland oversees CEOWORLD magazine's journalism and journalists around the world and across platforms. She leads an award-winning team of journalists and newsroom executives who are committed to excellence, innovation and the highest quality reporting and storytelling. Follow her on Twitter, Facebook, Instagram, or connect on LinkedIn. Email her at sophie@ceoworld.biz.