For many, owning a small business is part of the American dream. Dealing with a lawsuit, however, may seem more like a nightmare. According to a recent study by the U.S. Chamber of Commerce, between 36% to 53% of small businesses are sued each year. 

A lawsuit can cause business owners unnecessary stress and cost them time and money they cannot afford to lose. While some degree of risk is unavoidable, business owners can anticipate potential areas of exposure and take steps to mitigate certain risks. If you are a small business owner, consulting with an attorney who specializes in business law will be your greatest asset.

Take Steps Now to Protect Your Business

A critical part of operating a business is not merely generating revenue, but putting measures in place to protect your business from the risk of a lawsuit and its potentially catastrophic effects. At Block & Associates, we can help you take steps to protect your business from a future lawsuit, including:

Registering your Business as an LLC 

Incorporating your business has the effect of limiting your liability to your business and protecting your personal assets. Block & Associates will create a separate legal entity for your business so that the legal responsibility of your business, including fines and judgments, will not carry over to you personally.

Creating Written Agreements with Customers and Service Providers 

Having contracts in place is essential for any business, regardless of size. The experienced business law attorneys at Block & Associates can help create written agreements that clearly outline the responsibilities and expectations of the parties involved. Straightforward/unambiguous contracts will protect your small business by minimizing misunderstandings and disputes.

Promoting a Safe Work Environment 

Do not let limited time and resources prevent you from being compliant with the law. Block & Associates specializes in employment law, and can help establish proper policies, implement safety measures, and provide essential training for employees.

Protecting Your Business with Adequate Insurance

Without the right insurance, a single claim could present an existential crisis for a business. The types of insurance a business should procure depends on many factors, including, e.g., the type of product(s) or services(s) provided, the number of people employed by the business, whether the business provides professional services (think, architects, engineers, physicians, dentists, etc.), whether the company owns property, including real property and/or equipment and vehicles, and whether the business holds or uses personally identifiable information, such as: credit card information, protected health information, etc.

Contacting a Business Attorney 

Every dollar spent defending a lawsuit is a dollar that cannot be used for payroll, developing new products, providing additional services, hiring talent, and overall business growth. Using an experienced business law firm like Block & Associates will help your small business manage its risk. Contact our office today to speak with one of our expert attorneys. 

Awards

Beverly Block
Rated by Super Lawyers


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Beverly Block
Rated by Super Lawyers


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Marcie J. Solomon
Rated by Super Lawyers


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