Rania Sedhom is the Managing Partner at Sedhom Law Group, a bespoke law firm for businesses. She is also the Founder of the Legal Edification Guild, where she empowers entrepreneurs and businesses with legal concepts. As an attorney, Rania helps companies grow, contract, and effectuate business using the law to support their endeavors. She also is a member of the Executive Compensation and Employee Benefits Committee and the Employment Law Section of the ABA.
Here’s a glimpse of what you’ll learn:
- [3:34] Rania Sedhom’s trajectory from watching courtroom dramas to becoming an entrepreneurial attorney
- [6:59] Tips for selecting a lawyer by assessing personality and work style
- [13:47] Why entrepreneurs should partner with lawyers
- [15:56] Rania’s process for negotiating contracts for small businesses
- [20:38] The role of legal support in business transitions
In this episode:
Aside from operational and financial responsibilities, legal issues are one of the most substantial hassles for entrepreneurs. Seeking regular counsel from experienced business lawyers can help you navigate contracts, employee disputes, and exits or sales. How can you select a lawyer who fits your needs?
Seasoned business attorney Rania Sedhom affirms that lawyers can help entrepreneurs attain their desired freedom by advising them on daily business decisions. Identifying a lawyer who’s right for you requires assessing their personality, work style, and decision-making process to ensure they align with your business approach. Partnering with an attorney gives you support during crucial negotiations and allows you to focus on propelling your business forward.
In this episode of Systems Simplified, Adi Klevit sits down with Rania Sedhom, Managing Partner at Sedhom Law Group, to discuss the process of partnering with a lawyer. Rania shares how she negotiates contracts for small businesses, the benefits of establishing ongoing supportive legal partnerships, and how legal support can help you navigate business transitions.
Resources mentioned in this episode:
- Adi Klevit on LinkedIn
- Business Success Consulting Group
- Rania Sedhom on LinkedIn
- Rania Sedhom’s email: rsedhom@bespokelawfirm.com
- Sedhom Law Group
- Sedhom Law Group’s phone number: 212-664-1600
Quotable Moments:
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“Knowledge is power. I realized that it was so hard to find information, but once you had the information, the system was really easier to navigate.”
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“You should assess because it’s a very personal relationship, and you want to be as happy as possible in that relationship.”
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“My dollar is worth 100 pennies, just like the large company’s. You are of equal value to them.”
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“It’s a give and take… you can sort of increase one benefit by giving the other side something that they would benefit from.”
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“It’s never too early to work with an attorney to make sure that what you’re doing is working and it’s working properly.”
Action Steps:
- Identify your preferred communication style and working method to select a compatible legal advisor: Understanding your decision-making process will help you choose a lawyer whose advice aligns with your business approach.
- Establish a legal checklist for your business covering employment, contracts, IP, and fundraising: By understanding your legal obligations and potential pain points, you can avoid costly oversights and future litigation.
- Implement legal review as a regular part of your business planning, especially before making significant changes or investments: Proactive legal counsel can ensure you’re making informed decisions that consider potential risks and compliance requirements.
- Familiarize yourself with the concept of due diligence, particularly if you plan to sell your business or raise funds: This understanding will prepare you to streamline processes and improve your business valuation.
- Take advantage of opportunities for free legal consultations to assess the value of potential legal partnerships: Initial consultations can help you gauge an attorney’s fit with your business needs and provide early insights into your legal standing.
Sponsor for this episode:
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