Small businesses are the backbone of most of America’s economic activity. In fact, more than 54 million people work at a small company or business!
At the same time, small businesses tend to be more prone to experiencing legal problems and complications than larger corporations. Last year, about 58% of smaller businesses experienced a legal issue of some kind.
If you own a small business, it can be tough to know exactly when you should hire a lawyer for small businesses like yours.
Here are the four situations in which your small business can’t afford to go without an attorney for small business:
1. Employee discrimination lawsuits: Over the course of the last two decades, lawsuits filed by employees have risen an incredible 400%. These lawsuits are typically filed for discrimination regarding the hiring or firing process, or they are business litigation lawsuits that claim a hostile work environment. In any case, you will need the legal help of a small business attorney to determine a fair settlement.
2. Environmental issues: Governmental restrictions on the environmental impact that businesses are permitted to have are becoming increasingly less flexible. So if your business is at risk of being penalized for an environmental issue, you’ll want to hire an attorney for small business.
3. Selling your business or acquiring another: Whether you plan on incorporating your business, selling it to a larger one or merging it with another business, it’s always a good idea to have a small business attorney overseeing the proceedings.
4. Preventing legal issues in the future: A legal conflict can arise at any time — there’s no way to truly predict them. To ensure you’re protected from these legal troubles at all times, it’s always good to make sure you have an attorney for small business who knows how to legally protect your business on hand so you can be prepared at all times. To see more, read this.
