Small Business Strategy – Curtail Legal Problems
Studies in the U.S. and U.K. suggest forty to sixty percent of small businesses have faced significant legal issues in the last two years. The simple fact is that many legal problems can be avoided by taking time to plan before problems escalate. The old adage holds true in a business law scenario — an ounce of prevention is worth a pound of cure.
Some common legal problems businesses face are:
- Employee issues
- Regulatory compliance
- Premises liability claims
- Pursuing debt collection against customers
- Contract drafting or reviewing
- Breach of contracts by clients
- Defending against debt collection by vendors or suppliers
- Tax audits and other tax problems
- Data security breaches
- Responding to other lawsuits or threats of lawsuits
In a business setting, an ounce of prevention means consulting an experienced business attorney to ensure compliance with existing regulations and taking steps to curtail contracting and other issues before they turn into lengthy legal disputes. The cost of a little preemptive legal advice from an experienced business lawyer today can more than pay for itself in the long run.
Make sure your business assets are protected by consulting with the experienced business law attorneys at Peterson Law Group. We advise business clients regarding existing laws and regulations and help you implement your business goals. To schedule a consultation, call us today at 979-703-7014.