Attorneys and Their Role in Business

Attorneys are indispensable to business. That is the conclusion you have to draw, when you come to learn of the role that attorneys play in the business world.

Now in order to be in a position to appreciate the role of attorneys in business, it is important to first understand that business is all about conducting transactions. Where there are no transactions, there are obviously no businesses. And contrary to what one may first imagine on hearing this, a transaction doesn’t just occur when a business makes a sale. Rather, a transaction occurs whenever a business does pretty much anything. When a business, for instance, gets a new employee, it has undertaken a transaction with that employee, where the employee in question will, effectively, be selling it his or her services. When a business pays a tax, it has gotten into a transaction with the government; by paying the government the tax money in the expectation of certain services. And of course, when the business purchases any supplies, it is getting into transactions, not to mention anything of when it manages to make a sale.

Having understood that business revolves around the various transactions, the next step towards understanding the role of attorneys in business is appreciating the fact that every transaction usually has a legal dimension to it. Legally speaking, there are always a hundred and one ways through which things could go wrong with every given transaction. Of course, to the layman, these things may not be that obvious. But to the mind with legal training, the loopholes are very easy to spot.

So, having established that business is all about transactions, and having seen that every transaction has a legal side to it, one rather indispensable role served by attorneys is that of being legal advisers to business with regard to the various transactions, and their legal implications. A business that chooses to go about its various transactions without seeking legal advice (and thereby sealing the various loopholes) is at risk of finding itself encumbered with various lawsuits that could bring it down to its knees. And it is out of this realization that many businesses are known to seek the input of their attorneys before engaging in any major transactions. The idea is to identify the possible legal loopholes, and get them sealed. In that way, then, attorneys serve as advisors and, in a way of speaking, legal protectors to businesses; making them pretty much indispensable to the businesses in question.

Attorneys also give businesses the confident to undertake various transactions. This is especially the case with high value transactions, but it can also happen in smaller value transactions. Just having an attorney by your side, as a businessperson, would give you the confidence to make various moves, without fearing legal consequences (as long as the attorney okays them), and without fearing being conned on the other hand. Without an attorney, you are likely to be operating in fear, and this would definitely be bad for business; as success in business is all about boldness.

Of course, when things sometimes go wrong, and businesses find themselves faced with legal complications, attorneys also serve the role of representing them in court and handling the messes on their behalf. Without attorneys, business owners would be forced to mount their own defenses, on behalf of their businesses, and follow the cases through. Not only would this be inconvenient and time consuming, it would also reduce the chances for success, hence yet another factor behind the indispensability of attorneys in the world of business.