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Legal help for small businesses

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A recent interview conducted by IT Business Edge provided some legal advice for small business owners.

The website discussed the current legal landscape with Charley Moore, the founder and chairman of Rocket Lawyer. Moore claimed that, of all his business clients, 45 have legal issues to resolve during the next three months. He explained that this fact isn't surprising, as most businesses have legal issues arise every quarter with which they must deal.

Moore further explained that many businesses fail to keep corporate minutes, which has now become the "single biggest compliance failure for small businesses," and can open them up to professional liability failures.

Moore also stated that many of his clients are aware of these items, however, 56 percent claim they fail to incorporate them into their regular legal work.

To deal with these failures, companies of all sizes should have business insurance coverage. A recent Information Insurance Institute article explained that having such coverage can protect companies - especially small ones - if expensive lawsuits arise, such as ones involving compliance failures. 

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