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In this week's episode of the Maximize Business Value Podcast, we unravel the critical topic of legal counsel with Chapter 23 - "Hire or Rent a General Counsel." Join us as Tom sheds light on why having the right attorney is a game-changer for your business.

Attorneys, like doctors, specialize, and not all lawyers are cut from the same cloth. Tom emphasizes the need for a business attorney as your General Counsel (GC) \\u2014 someone well-versed in business law, capable of navigating the legal complexities unique to your industry.

For large businesses, having an attorney on staff may be feasible, but for most, it's not financially viable. Tom suggests a brilliant alternative: "renting" a set number of hours each month. He shares his personal experience with a ten-hour monthly retainer, ensuring steady legal oversight without breaking the bank. The hours are use-it-or-lose-it, encouraging thorough legal reviews without hesitation.

In this episode, Tom provides insightful questions to ask when hiring a fractional general counsel, emphasizing the value they bring to your business. He highlights real scenarios where legal advice proved invaluable, showcasing the impact a trusted attorney can have on your business's success.\\xa0

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Tom Bronson is the founder and President of Mastery Partners, a company that helps business owners maximize business value, design exit strategy, and transition their business on their terms. Mastery utilizes proven techniques and strategies that dramatically improve business value that was developed during Tom\\u2019s career 100 business transactions as either a business buyer or seller. As a business owner himself, Tom has been in your situation hundreds of times, and he knows what it takes to create and implement the right strategy. Tom is passionate about helping business owners and has the experience to do it.

\\xa9 2023 Mastery Partners, LLC.