During a call from the 10X Business Owner’s Mastermind, we had a special guest named Wesley Henderson, an excellent attorney developing a program he told us about.
Small Business Owner Legal Program
First, he runs a law firm with his brother in Charleston, South Carolina. One of the essential things that motivated them to open his law firm was working with business owners. Their motivation was that his mother had a business, as did his grandfather. And so they could get a good reward for working and helping business owners solve their problems.
Since they started, they have helped people start businesses, LLCs, get contracts, etc. Likewise, they do a lot of General counseling with some of their most important clients. We sell businesses, and we buy some of those transactional jobs.
But they still like working with the kind of new entrepreneur who starts their own business, that kind of family business. One of the ways they’ve been able to do that while making a startup budget work is by creating another company called Drafted Legal LLC.
This is essentially prepackaged legal services with some explanation. So, they have created this program to be very easy and understandable. It is also more personalized, based on the industry, and everything is written by lawyers.
Even right now they are doing it more nationally, they do it a lot locally with local businesses using it for LLCs, templates, and that sort of thing. So, really, your goal is to make it the best and easiest service. They keep doing that constantly for someone who wants to start a business and doesn’t know what to do. They walk you through some of the things like your website, PDF, lead magnets, and all the things that can teach people how to get things done.
So they see a lot of the same kind of mistakes in how people handle disputes, especially if they have certain clauses, like prevailing clauses of the parties, in their contracts to give you a little more. Therefore, they try to design this program around the smaller businessman who does not have the budget for the lawyer but wants to do it.
The legal business type is written for that purpose. He also mentioned the lawyer’s disclaimer as one reason he likes these other businesses: he doesn’t have to have the lawyer explain the disclaimer stuff.
What they are trying to do with the legal draft is chart a path that people must follow. Then you will hear when I am in your lawyer hat, it is, well, it depends, I got to know more because it has nuances.
Like your jobs, you need more information to tell someone what to do. And so it is. So with this, what they are trying to do is repack something that is secure and removes the fundamentals.
So, the first thing to consider is that the laws in every state change. Therefore, you must know the laws governing you and your business before anything else.
Every year, I aim to teach people how to do this, as they have a full schedule of goals to meet throughout the year starting in January. So when you go on vacation, you are not doing what others are doing; you are trying to figure out what they are going to do during the third week of January. You are going to grow.
