Law is dreadfully, dreadfully boring

By: Mark Sinclair

Date: 7 July 2009

If you run a small business and you cringe at the thought of having to do anything to do with legal contracts, terms of business, disputes, leases or anything else to do with the law, rest easy - you're not alone.

In my experience, the vast majority of people in business find most things legal to be complicated, boring, annoying or even a bit scary. So business people tend to do what humans like to do when things are a little uncomfortable: hide, ignore it, and generally avoid dealing with the uncomfortable stuff. I've been involved in many businesses both as an owner and as an advisor. But I've also been a practicing lawyer and I understand just how beneficial good legal "cover" can be in almost any business.

As boring, inconvenient or dry as it may be at times the reality is that getting your legal ducks in a row is one of the most crucial parts of running a successful business (new or established).  You just never know what is around the corner, or what protection you might need.

At times it can seem that there is so much in the way of compliance, rules and regulations you need to worry about - and in a lot of ways, there is. But it’s also really important to remember that basically business is all about relationships. So when good relationships go sour, if you don't have your legal i's dotted and t's crossed, then you could be in big trouble. It's essential that you develop a great working relationship with a practical, business-minded legal advisor. That way, you can be assured that any legal queries you might have can be answered quickly and that the legal side of your business is water-tight. It also means that you can spend less time being caught up dealing with the legal issues, and get on to the fun stuff! Because really, that’s what running a business is all about.

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