Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
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
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More
What if you could operate your own business, working for yourself and making money by providing personal safety and security to others? With this unique business opportunity, you can. And, you’ll potentially be making a difference in someone’s life. Read More
What if you could be your own boss in a business that relieves stress and brings joy and happiness to the lives of others, while making you great money? Is there really a job like that? Yes! At BusinessOpportunity.com, we have a business opportunity as an independent vacation...
Do you want to want to work for yourself and secure your future with unlimited income potential but don’t have a lot of cash to buy into a franchise? Do you want to learn about the social media marketing and use its power to earn money online? Then you need to check out...

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!
I-insureme
$$$ BUILD HUGE INCOME SELLING SOMETHING EVERYONE MUST HAVE $$$ Call our 24-hour message line at 301-276-5575 now!
Hempworx
Want to get into the Hemp business? Cash in on the emerging $7.1 Billion Cannabis industry! Act now-ride the green wave.
How Many Leads Does It Take To Close A Sale?
This article is now live on our blog and I know could be very insightful for many. Read On
Why Advertise Your Business Opportunity?
Over the years we have been fortunate enough to receive quite a few testimonials. In fact, ... read on
Productivity Hacks — Our Top 50
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... 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
21 May 18 Posted by: Todd Hatch
in Featured Articles
What if you could operate your own business, working for yourself and making money by providing personal safety and security to others? With this unique business opportunity, you can. And, you’ll potentially be making a difference in someone’s life. Read More
30 Apr 18 Posted by: Todd Hatch
in Featured Articles
What if you could be your own boss in a business that relieves stress and brings joy and happiness to the lives of others, while making you great money? Is there really a job like that? Yes! At BusinessOpportunity.com, we have a business opportunity as an independent vacation...
24 Apr 18 Posted by: Todd Hatch
in Featured Articles
Do you want to want to work for yourself and secure your future with unlimited income potential but don’t have a lot of cash to buy into a franchise? Do you want to learn about the social media marketing and use its power to earn money online? Then you need to check out...
20 Apr 18 Posted by: Todd Hatch
in Featured Articles
Are you looking for a lucrative business opportunity in banking or financial services? You’ve come to the right place! At BusinessOpportunity.com, we have a plethora of opportunities that allow anyone the ability to open a business,...
29 Dec 17 Posted by: Margaret Mallonée
in Featured Articles

It’s time to wrap up the year, but before we do, we’re sounding off our Top 10 Blogs of 2017! Don’t miss these must-reads for entrepreneurs, mompreneurs, small business, and home-based business owners!

It’s the last working day of 2017, so it’s a great time to take a look back and reflect at...
 
   
Entrepreneur's Source for Everything Business Opportunity and Franchise Related

I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
Read More


Premium Sponsor