Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Do you look around at your cubicle and dream of the day when you view the world from your yacht? You can do it, if you follow the right steps.

The dreamer’s road from wage slave to millennial millionaire is paved with hopeful thoughts. The winner’s road is built with one tiny change after another,...

How To Buy A Business Opportunity is not an easy question to answer off the top of my head.  I get asked this question at least once a day hence this blog post to better define my live calls I've had with potential buyers considering self-employment.

How To Buy A Business Opportunity: Business...

Best Ways to Store Data - Do you backup data on your computer each day? If so, congratulate yourself! You’re one of the tiny minority that can sleep easy.

Best Ways To Store Data - According to a 2016 survey, fewer than 1 in 3 computer users back up files on a schedule, whether daily, weekly...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
 
Resource Center > Article
Finding Affordable Legal Help for Your Business Opportunity Startup or Other Small Business
14 Aug 13 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

If you’re a new or existing business opportunity or other small business owner in need of legal help, chances are that you’ve tried to go it alone, at least at one time or another. In fact, a new nationwide study released this summer by leading legal protection plan provider LegalShield, shows that the majority (54%) of America’s small businesses would rather risk losing everything than seek out costly legal advice or counsel when they need it most.

Drawn from more than 1,000 interviews with owners and top executives of small businesses with as few as one to as many as 250 employees, the Legal Needs of Small Business Survey also found that:

• Nearly 60% of small businesses experienced significant legal events in the past two years.

• When the more than half of them who did not hire legal counsel were asked why, 57% reported they believed they could handle it on their own, while 40% said cost concerns held them back.

• Despite not hiring legal help, nearly all respondents cited at least one legal issue as being among the “greatest threats to their business,” among them debt collection, insurance disputes, government regulations, tax issues, contract concerns, intellectual property protection, product liability and threats of lawsuits by customers and employees.

Debt collection assistance and contract/document review were some of the most sought after legal services by small business owners.

• For those who did use legal services, the average cost in a given year was estimated at $7,600, and 20% of them reported spending $10,000 or more.

With numbers like that, is it any wonder most small business owners opt to struggle through their legal challenges themselves as opposed to hiring an attorney? Trouble is if you’re one of them, the trade off may be too great should things not go your way. In fact, you could be risking it all, according to experts.

“Our study clearly points to a dangerous cost-benefit issue in the marketplace,” said Rip Mason, LegalShield’s CEO. “A frightening number of small business owners deal with legal issues on their own because they don’t believe hiring an attorney is worth the significant cost they have to pay.”

Fortunately, there are a now a number of options available for small business owners who need legal services, but who don’t have unlimited budgets, LegalShield among them. For as little as $75 to $125 per month, depending on the number of employees, LegalShield’s Small Business plans provide year-round access to a range of legal services that small business owners want and need to protect themselves and their assets. Basic services include everything from assistance with debt collection, contract and document review and incorporation counseling to intellectual property protection, employment issues and vendor problems, among many others.

While having the assurance that legal support is readily available by paying a monthly fee may be an appealing option for some, others may want to stick with finding the right legal assistance only when and if they want or need it. And for those who prefer this option, the advent of technology has enabled the marketplace to meet their demands affordably and efficiently like never before.

legal-contract_gavelTake UpCounsel for example. Founded in 2012, UpCounsel is the “fastest growing online workplace for businesses to easily find, hire and work with top attorneys” on an as-needed basis. It’s a service designed especially for small and mid-sized businesses (SMBs) to locate and pay only for the legal services they want at any given time. Operating much like a match-making service, UpCounsel is a platform for startups and SMB owners who are looking for just the right kind of legal help they need only when they need it, all for about half the cost of what most full-service law firms charge. The company guarantees its services too. “If something goes wrong,” they say, “let us know. We want to make it right.” Can’t ask for more than that, can you?

If you’re a small business opportunity, franchise, licensee opportunity, distributorship or other SMB owner in need of answers to your legal questions, it’s important that you don’t shy away from searching for good solid help that you can afford. With so many options currently available, going it alone in an increasingly uncertain and complex world may be unnecessary. Okay, not just unnecessary. It could very well be the dumbest “penny wise, yet pound foolish” decision you’ll ever make.

 

Related Blog Posts
18 Aug 17 Posted by: Kevin James Culp
in Featured Articles

Do you look around at your cubicle and dream of the day when you view the world from your yacht? You can do it, if you follow the right steps.

The dreamer’s road from wage slave to millennial millionaire is paved with hopeful thoughts. The winner’s road is built with one tiny change after another,...
27 Jul 17 Posted by: Kevin James Culp
in Featured Articles

How To Buy A Business Opportunity is not an easy question to answer off the top of my head.  I get asked this question at least once a day hence this blog post to better define my live calls I've had with potential buyers considering self-employment.

How To Buy A Business Opportunity: Business...
28 Jun 17 Posted by: Kevin James Culp
in Featured Articles

Best Ways to Store Data - Do you backup data on your computer each day? If so, congratulate yourself! You’re one of the tiny minority that can sleep easy.

Best Ways To Store Data - According to a 2016 survey, fewer than 1 in 3 computer users back up files on a schedule, whether daily, weekly...
1 Jun 17 Posted by: Kevin James Culp
in Featured Articles

Find Great Business Opportunities - Book-of-the-Month - Author David Alford maintains that “opportunities come everyone’s way,” but few people know what to do when they find one. And in fact, few people actually know how to find the best ones.

That’s why he wrote
3 Apr 17 Posted by: Todd Hatch
in Featured Articles

Business Opportunity Leads is what you seek?  As with any sales position, fresh, qualified leads are the main key to success - the lifeline to sales and profits.

Business Opportunity Leads - Whether you are selling a business opportunity, a service or physical products - like house paint, your...
 
   

Entrepreneur Exchange is our forum where we interview the Influencers, CEO's, Author's, Business Owners Of All Types, Shapes and Sizes.

Entrepreneur Exchange: Today, we sat down with Marc Winkelman, CEO of
Video Spotlight

Virtual Financial A Home Business in Financial Services You are going to want to see this Video!


Premium Sponsor