1. For Clients: Why Do I Need Lawyers?

An introduction to SeedJura and hosts Geneve DuBois & Phyllis Shuster, plus a discussion of why (and when) businesses need lawyers. 

After hosts Geneve & Phyllis briefly introduce themselves and introduce their company SeedJura, Geneve dives into the topic of why and in what circumstances your business needs a lawyer, using a 4-point “checklist” to determine whether the situation would benefit from legal counsel. 

The 4-point checklist is abbreviated as “GMCD” – to help you remember this abbreviation, you can think of Driving a GMC truck to your destination (where your destination is legal protection)!

GMCD:

• Giant – when you need a Giant in the marketplace to represent you (=credibility & not being bullied)
  • Small companies facing lenders/venture capital companies (who is the other side?)
  • Foreign companies
  • Advocacy + Knowledge
• Money/Lives – when you are dealing with other people’s $$ and/or Lives (= high risk situations)
  • Highly regulated industries
• Challenge – when what you do can be challenged (or is being challenged) by officials/governments/other entities (= formal legal procedures concerning taxes/estate tax/ litigation/ investigation/ownership)
  • • Situations in which not getting procedures and formalities done correctly will have serious legal impacts or invalidity
• Domino Effects – an action will have domino effects on your business (= need overall planning and strategies
  • e.g. Corporate and tax structures
  • Buying property (think about sale in the future – e.g. you maybe OK with some issues when you buy, but would the future buyer be OK?)

 

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