Starting up a small business comes with a lot of hefty decisions. Just because you are a small fish in a big pond, this does not mean that your business is not in need of serious legal support when things get tight. To overlook the potential of being involved in a nasty lawsuit that could affect how your business operates is to be short-sighted as a business owner. The following are some reasons why you may want to keep a competent attorney on retainer.

Personal Injury Litigation

You may try to do everything by the book, but these efforts did not prevent co-workers Billy and Jim from duking it out in the break room. Although Billy ended up with a broken nose in the ordeal, despite the fact that he probably started the fight, he has still decided to pursue legal action against your place of business. It is nothing personal, but your business simply has deeper pockets than your employee Jimmy; consequently, this is one situation when having an attorney on retainer could save you in a big way.

Your Employee Does Something Illegal

You hired June to manage your office and the books. You thought this would free you up to get in a game of golf with other business owners you hang out with at noon on Wednesdays. Last week June was arrested for using your company name to do dirty business. With a competent attorney on retainer, catching this problem early and getting legal counsel in a timely fashion could potentially keep an already sticky legal mess from getting worse for you and your business.

The Cost Differential

According to Entrepreneur.com, the cost of getting your company out of trouble it is already in is far greater than the cost of preventing your company from getting into trouble in the first place. In other words, it is best to hire an attorney on retainer to ensure your company keeps its nose clean, rather than to go hunting for legal counsel after you have received a summons to appear in court. Once this happens, any smart attorney knows you are desperate, and their rates will magically increase to reflect an hourly rate that fits the amount of legal danger in which they suspect your company is involved.

The Unforeseen Trouble

One of the ideas attorneys will stress to their clients is that it is not if you are sued, but when. Although this sort of legal advice often sounds more ominous than it really is, it does not change the fact that keeping a lawyer on retainer, whether one from SattirajuLawFirm.com or a firm in your area, allows you to spot and prevent legal fires that you may not know even are a cause for concern.
 
The world of business, even small business, is a road filled with nasty legal pot holes. As regulations become more stringent and liabilities increase, the need for keeping a competent attorney on retainer is a must in today's business arena. Companies that forego this added protection generally end up spending way more for legal help when the heat of imminent litigation is turned on their company.