Fractional General Counsel
Life is full of surprises. Legal fees shouldn't be one of them.
Small companies and startups need legal counsel just like they need accounting, marketing, and financial support. However, entrepreneurs and small business owners often cannot afford to hire General Counsel to handle everyday legal needs.
That’s where a Fractional General Counsel model makes sense.
A Modern Law Firm For Modern Businesses – How Can Thienel Law Help Your Business Grow?
Using our Fractional General Counsel services makes sense for small businesses and startups because we provide the legal services you need at affordable costs.
When you hire Thienel Law as your Fractional General Counsel, you can expect to receive:
The legal help your company needs when it needs it for a fixed monthly fee.
Personalized legal services from a business lawyer with decades of experience working with businesses.
Affordable legal counsel who understands your business and provides comprehensive legal recommendations because we take time to get to know you, your employees, and your business.
Predictable billing at a consistent fixed rate fee each month.
A trusted lawyer to handle your legal matters so you can focus your attention on growing your business.
Regular meetings to address day-to-day legal matters and unexpected legal issues arising from doing business.
Annual legal audits to ensure that your business remains compliant.
Hiring your own full-time, in-house counsel is costly. However, the Fractional General Counsel services offered by Thienel Law meet your legal needs at a fraction of the cost. Schedule a consult today for more information about Fractional General Counsel services.
What Types of Legal Services Does a Fractional General Counsel Provide?
A Fractional General Counsel provides various legal services based on your agreement. The agreement is tailored to your legal needs. Therefore, you might include services for tax planning and contract review. Other companies might need legal advice for compliance issues and business formation. The benefit is that you can tailor your Fractional General Counsel service agreement to cover comprehensive legal services or specific legal needs.
The attorney has numerous clients instead of working solely for one client. That allows the lawyer to provide legal services at a fixed rate generally lower than the rate you would pay if you hired an in-house attorney to handle your legal matters or hire a lawyer each time your company has a specific legal need.
What Fractional Business Services Does Thienel Law Provide?
Our Fractional General Counsel services at Thienel Law focus on transactional and compliance matters. We do not handle business litigation. Instead, our primary focus is on keeping your company compliant with state and federal laws and regulations and assisting you with the day-to-day legal matters that can help you avoid litigation while growing your business and meeting your goals.
Fractional General Counsel services we offer include, but are not limited to:
Drafting, analyzing, and reviewing business contracts, including employment agreements
Helping you choose the correct business entity for your company
Strategic tax planning to minimize long-term tax obligations
Guidance and advice regarding business tax compliance
Assist with securing government contracts
Advise you on compliance regulations for your industry
Formulating a business exit strategy
Assist with business mergers and acquisitions (upon scope agreement)
Contact Thienel Law to learn more about our Fractional General Counsel services.
We are dedicated to assisting small business owners and entrepreneurs in succeeding and growing their businesses.
Who Needs a Fractional General Counsel?
All small business owners and entrepreneurs can benefit from sound legal advice. Every business is going to need legal support. At some point, you will need legal counsel, regardless of whether you own a small business, run a large corporation, or have a small startup.
However, Fractional General Counsel services generally serve small and medium-sized businesses. These business entities need legal support, but often do not have the means of hiring a full-time General Counsel or in-house lawyer. A Fractional General Counsel often provides the legal services they need at a cost they can afford.
What Does a Fractional General Counsel Cost?
The cost depends on the legal services you choose and the level of access to the lawyer. Other factors that can affect the cost of a Fractional General Counsel include the complexity of the legal task.
The lawyer's experience level, education, and skills also affect the cost. For example, a lawyer with considerable business law experience will cost more than a novice. However, you benefit from years of legal knowledge when you hire an experienced Fractional General Counsel.
What Is the Primary Difference Between a General Counsel and a Fractional General Counsel?
An in-house counsel or General Counsel is a lawyer who works as a company's full-time employee. Generally, the lawyer has a salary and benefits package like any other employee. The only client the attorney has is the company that employs them.
The main difference between General Counsel and Fractional General Counsel is that General Counsel is a company employee. Fractional General Counsel is an independent contractor on a part-time basis.
Benefits of Fractional General Counsel Services for Startups and Small Businesses
Your small business or startup receives immediate benefits from using our Fractional General Counsel services. Benefits for your company include:
Leverage The Benefits Of On-Demand General Counsel Services For Your Business
You receive timely and ongoing legal advice on compliance issues and other legal matters. You need not search for and hire a lawyer for every urgent legal matter or question. You have a lawyer who already knows and understands your business to respond quickly to pressing questions and work proactively to avoid costly business mistakes.
Identify Potential Legal Issues Quickly
Establishing a close working relationship with a General Counsel means you have a lawyer who understands your business in its entirety. Therefore, your Fractional General Counsel can identify potential legal issues based on their holistic understanding of your business.
Virtual Legal Support
Your agreement can include virtual legal support when you need answers to legal questions or have a legal problem arise unexpectedly. Having a virtual meeting allows several people to participate. It also allows you to schedule meetings between other obligations, so you need not leave your business.
Legal Needs Dictate Price
You need not worry about how much it will cost to get answers to legal questions. Negotiate and customize a flexible cost plan based on your legal needs. You know how much you will pay for legal services and receive a billing rate based on a long-term commitment allowing your small business or startup to budget for legal services.
Also, hiring a Fractional General Counsel eliminates the overhead and employment costs for corporate law departments and in-house counsel. You receive the same services, but without the cost of a general counsel.
You Don't Have To DIY When It Comes To Critical Legal Matters
Self-help is not enough and is often detrimental to your business. However, paying exorbitant legal fees can hurt your business too. In addition, DIY legal services require you to spend an enormous amount of time trying to learn complex laws and regulations. A Fractional General Counsel covers multiple legal areas, so you do not have to worry about them.
Why Hire a Fractional General Counsel?
Five reasons your business needs a Fractional General Counsel are:
Receive personalized legal services at an affordable price.
Focus on your day-to-day business matters to grow your business instead of dealing with legal matters.
Choose a service agreement that meets your needs and is within your budget.
Have the benefits of a full-time lawyer working for your company without the cost of hiring in-house counsel.
Never panic about finding a lawyer on short notice because of a legal emergency.
Wait no longer to get the legal assistance your business needs at a cost you can afford. You have invested everything in your business. You deserve to have a legal partner working with you to protect that investment.
Get Access to a Trusted Fractional General Counsel Today
We start with a Master Strategy Session to discuss your business and how I can help you. After learning more about your business and legal needs, I draft a Fractional General Counsel rate plan personalized for your business. You will know the specific legal services in the plan and your fixed monthly rate.
If you want more information about the Fractional General Counsel services offered by Thienel Law, schedule a consult with an experienced General Counsel lawyer.
Related
What Is a Fractional General Counsel?
A Fractional General Counsel is an independent contract attorney or freelance lawyer. They are a licensed attorney who offers part-time legal services to multiple fractional general counsel clients. Generally, they offer their professional services for a flat rate or fixed price structure instead of an hourly rate.
For a fixed rate, you have access to the lawyer for a specific number of hours each month for legal services covered in your agreement. Emergency legal advice and general legal advice may also be included as part of the Fractional General Counsel service agreement.
Unlike hiring a law firm to provide legal advice on a specific matter as legal issues arise, a Fractional General Counsel invests more time getting to know you, your company, and your employees. As a result, the attorney may provide a broad range of legal services for your company. By doing so, the lawyer is more like an in-house counsel. They provide proactive legal counsel to avoid civil litigation, legal and compliance issues, and other legal problems.
Hiring in house counsel can be too costly for a small business or startup. However, the benefit of in-house counsel is they provide sound legal advice over a broad range of legal matters on demand. A fractional general counsel program can provide many of the same benefits at a much more affordable cost.