Small businesses are responsible for creating more jobs than big businesses. Big businesses seem to get all the press these days, but it’s really small businesses that are the backbone of the American economy. Did you know that, according to the SBA (Small Business Administration), 39 percent of all new jobs come from small businesses with fewer than 50 employees? In fact, small businesses make up 99.7 percent of the workforce in the U.S.
That’s why, if you’re a small business owner, you want to make sure your company stays up and running for years – and even generations – to come.
Why small businesses need special legal representation
But we recognize that running such a company is no easy task. It takes hard work, commitment and a belief in what you’re doing and why you’re doing it. That’s why lawsuits tend to hit small businesses particularly hard. They’re not just slammed from the financial side with legal fees and damages. Many of the people who own these companies have their own personal investment in their business. And when that’s gone, sometimes, there’s no coming back.
Quick legal tips for small businesses
Don’t be tempted to go it alone when it comes to handling the legal side of your business. Relying solely on erroneous information found on the internet can often land you in hot water. You can get yourself into a classic case of “you don’t know what you don’t know” – and you often won’t find out until it’s too late.
In addition, don’t be quick to sweep complaints under the rug, even if they seem minor at the time. It doesn’t matter if these complaints come from employees, customers or third parties. Handle them as quickly as possible. Being timely can prevent a tiny issue from turning into a catastrophic lawsuit.
If you have any other questions or concerns about legal issues for your small business, contact Dana Ball Legal Services today.