Q: Should a business always retain legal counsel, even if they don't foresee needing it after formation?
A: Yes, it is well advised for any business to retain legal counsel even if they do not foresee needing it after formation. The reason being is that counsel can take proactive and preventative measures to mitigate risk for your business, and can often view the operations of a business in a different light than the business owners. Furthermore, depending on the type of business, it should have an operating agreement and other legal documents governing the operations of the business. In sum, it is an excellent thing for any business to have a trusted attorney as a counselor and resource when issues arise, which will happen whether they are foreseen or not.
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