Business lawyer taking notes for small business counseling

Considering the increasing complexity of laws affecting business, successful businesses know that quality legal support is not a luxury, but a necessary cost of doing business. Your primary focus as a business owner is generating revenue. I get it.

But what about protecting that revenue? Isn’t it just as important to keep the revenue as it is to make the revenue? And this is where so many small business owners drop the ball.

For your small business to successfully build wealth, you have to implement strategies that not only generate revenue, but increase and protect business assets.

Your small business will have to rely on a combination of contracts, trademarks, and legally compliant employment processes and procedures to protect and grow its most valuable assets, while minimizing liability exposure.

Large corporations employ a full-time staff of attorneys not only to get them out of trouble, but to keep them from getting into trouble in the first place. Why? Because legal trouble is expensive.

And although most small businesses can’t staff an entire department of attorneys to protect their most valuable business assets just yet, legal trouble is just as dangerous to small businesses as large corporations. As a matter of fact, legal troubles are often fatal to small businesses.

According to data collected by the Small Business Administration, most lawsuits (at least two-thirds) are costing small business owners between $10,000 – $150,000 each in legal costs alone. This does not account for lost opportunity costs, reputation costs, loss of productivity, or any of the other losses that are less tangible (until they hit your checking account . . . or don’t – depends on how you look at it).

Many of these small business owners reported that the cost of litigation nearly put them out of business. Unfortunately, we won’t get to hear the perspective of those who actually went out of business due to forced litigation, but I’m sure they’d appreciate the opportunity to prevent the litigation that took them out of business if they could do it all again.

Small business legal services
Small Business Legal Services
While there is no way to prevent a lawsuit from being filed, there are many steps that can be taken to minimize the likelihood of a lawsuit and to keep those costs down should you find your business involved in one. The best defensive steps against liability take place before any lawsuit is ever filed. The defense is in the preparation.

The whole purpose of business ownership is to create wealth. The key to building and growing your business into the wealth building machine that you’re working so hard to create, is in knowing what you don’t know. As a small business owner without a full-time staff of attorneys, you’ve got to know when it’s time to ask questions. You’ve got to know when it’s time to ask for help.

The Bosses’ Lawyer provides the information, guidance, and counsel you need to start, operate, and grow your business legally and profitably.

I work with my clients to meet their businesses where they are, and provide them the legal support and guidance needed to turn their businesses into wealth building – not just income generating – machines.