In the last decade, entrepreneurship has gained great popularity, thanks to innovations in technology, more people have access to business resources than ever. You probably already know that stepping into the world of entrepreneurship is full of surprises and unexpected twists. According to the US Chamber of Commerce Institute for Legal Reform, the US lawsuit system costs America’s small businesses a whopping $160 billion annually. Business litigation is of major importance and often considered too little, too late. We’ll discuss what business litigation is, why it matters, and how you can use it to ensure the success of your business.
What is Business Litigation?
Like most entrepreneurs, the creation of your business started with a dream. A dream that you’ve made immense sacrifices for, and invested countless days and nights into. Your efforts are starting to pay off, and you’re gaining some traction. Until you are hit with a lawsuit out of nowhere. This is the harsh reality many business owners face every single day. Business litigation refers to legal disputes concerning commercial or business affairs. These disputes can come in the form of contracts, intellectual property, employment disputes, and essentially anything involving law and business relations.
Why Business Litigation Matters
Unfortunately, no business is immune to the possibility of a lawsuit. Even the most prestigious businesses can find their company facing legal trouble at a moment’s notice. A report by Forbes found that 90% of all businesses, large and small, experienced a lawsuit at some point in their lifespan. A lawsuit can be detrimental to your reputation, finances, and overall operations. Neglecting to learn about potential risks could be the deciding factor in your business’s failure or success.
How to Protect Your Business
Luckily, Cipparone & Cipparone can help you take actionable steps to mitigate risks and make sure your business can thrive.
- Legal Compliance: Stay informed of all laws and regulations for your industry.
- Clear Contracts: Professionally drafted documents clearly outline the rights, obligations, and responsibilities of all parties. Contracts are very important, as they are your first line of defense in any dispute.
- Document everything: Keep detailed records of all business transactions, big and small. This includes interactions with clients and employees, transactions, and communication.
- Risk Management: Identify potential areas of legal risk in your operations. Whether it is cybersecurity protection, or finding the right insurance coverage, this type of risk management will prevent legal headaches in the future.
Learn more about our business litigation services here.
How We Can Help
Navigating the legal implications of owning a business can be daunting, but don’t let that stop you from taking proactive steps to protect your business’s future. At Cipparone & Cipparone, our team of expert attorneys is here to provide you with the guidance and support you need. We’re committed to your satisfaction and the success of your business.
From contract disputes to commercial lease evictions, we have the expertise to deal with the most complex legal challenges with confidence. Based in Lake Mary, FL, we are proud to serve all of Central Florida. Don’t wait until it’s too late to address your legal needs! Contact us today and let us help you protect your business.
**This blog is for general informational purposes only. Cipparone & Cipparone, P.A. does not distribute legal advice through this blog. As such, this blog does not constitute legal or other professional advice, and no attorney-client relationship is created between the reader and Cipparone & Cipparone, P.A.
Tags: Business Law, business liability, business litigation, business partner disagreements, Business Partnerships, business planning, commercial real estate, Estate planning, Florida Attorneys, Negotiating With Tenants, real estate law, residential real estate, small businessesCategorized in: Cipparone & Cipparone Posts