• About WordPress
    • WordPress.org
    • Documentation
    • Learn WordPress
    • Support
    • Feedback
  • Log In
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Home
  • Contact us
  • Related Sites
    • InflationData.com
    • Financial Trend Forecaster
    • Your Family Finances
    • Elliott Wave University
    • Optio Money
  • About
    • Terms of Use
    • Disclaimer & Disclosure
    • Privacy Statement
  • Sitemap
    • 2009-2010 Posts
    • 2011 Posts

UnemploymentData.com

Your Source for Employment and Unemployment Data

Unemployment
  • Charts
    • Current Unemployment Rate Chart
    • Current Employment Rate (Chart and Data)
    • Current Employment vs Unemployment Chart
    • Historical Employment Data
    • Employment Population Ratio
    • Misery Index
  • Unemployment
    • Historical Unemployment Rate Tables
    • What Is U-6 Unemployment?
    • Unadjusted vs. Seasonally Adjusted U-3 Unemployment Rate
    • BLS vs. Gallup Unemployment Numbers
    • Current U-6 Unemployment Rate
    • What is the Labor Force Participation Rate?
    • What is the Real Unemployment Rate?
  • Employment
    • Current Employment Rate (Chart and Data)
    • Historical Employment Data
    • Contacting a Live Person at the State Employment Commission
      • How to Talk to a Live Person at the Virginia Unemployment Commission
      • Florida’s FLUID Unemployment Program
    • Benefits
      • Insurance
      • Retirement
    • Careers
    • Employment Costs
    • Experience
    • Government
    • Job Hunting
      • Interview
      • Resume
  • Find Articles
  • Education
    • Skills
  • General
    • Small Business
      • Outsourcing
    • Success
You are here: Home / Small Business / Protect Your Business Against Lawsuits

Protect Your Business Against Lawsuits

July 27, 2021 by Guest Contributor

At home, you probably keep an emergency kit on hand, perhaps a fire extinguisher, and a smoke detector… just in case. In the same way, business owners should also have preventative strategies in place. This might be a disaster plan for natural disasters, off-site computer back-ups, fire drills, hiring policies, and a variety of other precautions to prevent massive financial losses.

How Legal Assistance Can Keep Your New Business Protected

Even if you do everything right and plan carefully, you can still be subject to a lawsuit. Someone can fall on your property, someone can claim you unfairly discriminated against them, or your product could cause an injury.

Experts in the field of business law can help you avoid legal issues. This prevention means you should anticipate any legal conflicts that could arise and prevent them before they happen. This is a less expensive approach and minimizes expensive legal issues needing litigation, arbitration, or mediation.

When you hire an attorney to look at your new business and help you create all of the needed documentation, you will be able to save money later. Here are three things you can do to prevent legal issues from surprising you as your business grows.

Contact an Attorney Early

Establish a relationship with a reliable attorney who specializes in commercial law who can help with legal issues and create the new business documentation you need. When an attorney understands your business, they can anticipate future legal obstacles. Plus, it is in your best interest to start a client-attorney relationship from the beginning as it allows for you to pay a flat fee.

 

Put Everything in Writing

Put all of your business documents in order. Write out the bylaws of the business and have an attorney put them into the proper contracts. As a business, you may eventually have disagreements with landlords, employees, vendors, and clients. To minimize any disagreements, get your attorney to make these documents for you.

The business lawyer can spot the pitfalls of a contract, employee compensation, and benefits. They ensure that your interests are represented.

Get Liability Insurance

There are a variety of different types of insurance that cover you in case of a lawsuit. These include Professional Liability, Umbrella, and Directors and Officers Liability insurance.

Protect Your Business Against Lawsuits

Select The Legal Entity That Fits Your Business

There are several steps in starting a new business. And the very first step needs to be the business’s legal structure. A reliable lawyer can help you determine how to register your business legally.

Registering a corporation has many advantages but requires a board of directors and several officers. It also requires articles of incorporation and other legal formalities. Sole ownership may be easier to register, but it also opens an owner to liability issues that could result in personal loss. Your business lawyer will help you choose the right business structure.

According to Investopedia, “A limited liability company (LLC) is a business structure in the United States whereby the owners are not personally liable for the company’s debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.”

An attorney can help set up the legal functionality of your business to prevent or minimize future legal problems. They will take into account your tax planning, the location, and other considerations that could prevent a future lawsuit. It is a strategy that helps you make the best decisions for your company and focus on your business’s day-to-day operations.

You might also like:

  • Accountant vs Bookkeeper: What Do They Do for a Small Business?
  • 4 Types of Business You Can Easily Start on Your Own
  • Breathing Easier: How to Increase Safety in a Building With Asbestos
  • Signs You Need to Upgrade Your Business Equipment

Filed Under: Small Business Tagged With: Attorney, Business Lawyer, Commercial Law, Law, Lawyer, Legal, Legal Assistance

Primary Sidebar

Search Site

Sponsored:

URGENT: These Stocks Stand Poised to Benefit from President Trump's Trade Wars!

As the Trump administration moves ahead with aggressive tariff policies on key imports, the mainstream media is scrambling.

This Free Report - which you can download now - reveals the names and ticker symbols of 5 Stock Poised to Benefit Most from President Trump's Tariff Wars.

Click Here to Download Your FREE Stock Report Now.

Recent Posts

  • April 2025 Employment / Unemployment Report
  • Would More Jobs Help Social Security?
  • March 2025- Employment / Unemployment Report
  • February 2025 Jobs Report
  • January 2025 BLS Employment Report

Resources

  • Bureau of Labor Statistics Current Population Survey Monthly survey of households conducted by the Bureau of Census for BLS. It provides data on the labor force, employment, unemployment, etc.
  • Capital Professional Services Providing web design and development and Internet marketing services
  • Elliott Wave University Using the Elliott Wave Principle to improve investment performance
  • Financial Trend Forecaster Featuring Moore Inflation Predictor, NYSE Rate of Change and NASDAQ Rate of change
  • InflationData.com Inflation calculators, databases, etc.
  • Intergalactic Web Designers Web design and development services
  • Your Family Finances

Articles by Category

Articles by Date

Disclaimer

At UnemploymentData.com we are not registered investment advisors and do not provide any individualized advice. Past performance is not necessarily indicative of future performance and future accuracy and profitable results cannot be guaranteed.

Privacy & Terms of Use

Privacy Statement & Terms of Use

Do Not Sell My Information

Copyright © 2025 · News Pro on Capital Professional Services, LLC. All rights reserved · Log in