Why do startups have to find legal counsel? What is the role of legal counsel?

Why do startups have to find legal counsel? What is the role of legal counsel?

1. From the perspective of the daily management affairs of enterprises, the role of lawyers as legal advisers of enterprises is reflected in the following four aspects: helping the internal operation mechanism of enterprises, facilitating the audit of daily contracts of enterprises, preventing and avoiding unnecessary legal risks, and involving legal issues such as merger and division of companies. Lawyers can provide professional legal advice, in addition, they can also help the agents of enterprises and the actual operations of other companies. Lawyers, as legal advisers, should provide advice to the employer on relevant legal issues, draft and review legal documents, participate in litigation, mediation or arbitration activities as agents, handle other legal affairs entrusted by the employer, and safeguard the legitimate rights and interests of the employer. "

2. Prevent and reduce disputes and losses. Provide legal feasibility report for the company's investment decision; Conduct legal inspection of the company's business activities, including investigating the credit status, performance ability and integrity of the partners: review the legality, risk, fairness, authenticity, advantages and disadvantages of the contract for the company; Correct the irregular operations in the company's business activities, reduce potential disputes, such as correcting the methods of delivery, payment, settlement procedures, breach of contract and other operations that are not conducive to the company itself, and reduce potential hidden dangers and risks in these trading links. Assist the company to expand business and promote the company's upgrade.

3. Assist the company in reorganization, acquisition, merger, asset reorganization, share transfer or stock listing. Provide relevant legal procedures for the company's bank loans and project financing. The company provides feasibility analysis for developing new customers and expanding business; Many business owners believe that legal counsel can only solve legal affairs and is not helpful to the operation of the company. This idea is actually wrong. In fact, legal counsel can bring a lot of intangible profits to your enterprise. Legal advisers can bring personal resources to your enterprise and meet successful people from all walks of life. Hire a lawyer as the legal adviser of the enterprise, and he can also introduce many business cooperation for your enterprise.