Whether its is starting a business, selling a business or sorting out an internal or external dispute, seeking the counsel of a 25 year business veteran who is also a lawyer is smart. Patrick Kwan is not textbook and theory, he understands how business really works.
Perhaps, once upon a time, business law was primarily concerned with contract terminology and other administrative matters that governed agreements between parties. Yet, the practice of business law has now expanded much further afield than ever before. Increasingly, it is about the simple acts of self-defense and asset preservation in a predatory world.
Given the continuous expansion of the apparatus of regulatory oversight and the fact that this function is scattered among many different federal, state, and local agencies, a good business attorney now needs to be fully conversant in a maze of sometimes conflicting and frequently obscurely-written statutory mandates. These requirements govern both how a business must operate on a day-to-day basis and even what minimum standards need to be met in order to commence operations at all.
The importance of complete synchronization with these regulations cannot be emphasized strongly enough, since there are an increasing number of criminal, as opposed to just civil, penalties for non-compliance. A business owner simply must take all of these regulatory pitfalls seriously and ensure that there are no gray areas that leave his enterprise open to legal assault for some technical or even imaginary violation.
Likewise, there are an increasing number of people who are in the business of being professionally outraged and seek to further their fortunes by finding something worthwhile to be outraged about. What is perceived to be a profitable business with plenty of surplus capital is undoubtedly a prime target upon which the outraged always seek to ply their trade.
What this means is that you can be shut down by not staying up-to-date on all your licensing and operating requirements, or else you can become the victim of a lawsuit by some employee, customer, or even supplier who senses a legal opening to proceed. In all of these instances, you must have the services of a very competent business attorney to keep those doors of opportunity and temptation firmly barred to all intruders.
Instead of being something of a luxury, as it once was, the services of a business lawyer have now become a necessity. Even for children running lemonade stands, the perils have become legion and manifest. You must have a good lawyer if you are to survive and prosper in the business world.