Taking from the research study cited below…Small Business Owners face legal responsibilities for which many do not prepare …if you own a small business, whether it is just yourself or ninety nine employees…this post describes solutions for you to improve your access and significantly reduce the costs of legal services.
“Owners reported spending an average of $7,600 in legal expenses
per year with 20% saying they spend $10,000 or more per year for
Do You Have A Plan For Affordable Legal Services As A Small Business Owner?
SBA Office of Advocacy
Small Businesses Make Up:
- 99.7 percent of U.S. employer firms,
- 64 percent of net new private-sector jobs,
- 49.2 percent of private-sector employment, 42.9 percent of private-sector payroll,
- 46 percent of private-sector output, 43 percent of high-tech employment,
- 98 percent of firms exporting goods, and 33 percent of exporting value.
Source: U.S. Census Bureau, SUSB, CPS; International Trade Administration; Bureau
of Labor Statistics, BED; Advocacy-funded research, Small Business GDP: Update 2002-
How Many Small Businesses Are There?
- In 2010 there were 27.9 million small businesses, and
- 18,500 firms with 500 employees or more
A Research Study Conducted by Decision Analyst
Commissioned by LegalShield
About the Study
This study of small businesses in the U.S. was conducted over the Internet.
A sample of owners and top executives of small businesses with 1 to 250
employees was drawn from the Executive Advisory Board®, Decision Analyst’s
online panel of managers, executives, directors, and owners of smaller
businesses. Panelists were invited by email to the screening survey, and those
who qualified were invited to Decision Analyst’s DAISurvey™ website to
participate in the study. A total of 1,007 interviews were completed online from
May 2 through May 14, 2013. Statistical variation is 3 percent.
- Ann Dwyer
A nationwide study we commissioned shows a majority of America’s smallest businesses – those with 250 employees or less – go at it alone when it comes to dealing with legal issues that impact their business. From debt collection, to contract disputes, to regulatory interpretations and employee issues, small business owners increasingly make critical decisions that could affect the success of their business without the benefit of advice or counsel from an attorney. Want to hear more? Listen to this Crain’s Small Business Report.
You can learn more about a Small Business Plan by going to the following…
Choosing the Right Lawyer for Your Business
Learn about affordable solutions here…
Small Business Consultant