I was just reading Virginia Business Magazine, February 2010. Good read.
There is an article in the Guide to Doing Business, entitled LEGAL HELP CAN BE ESSENTIAL IN BUSINESS.
“Ahh,” I said to myself, “This looks interesting,” so I begin to read.
The author writes “It’s better to spend some money for legal advice during the startup phase than a lot later to clean up a legal mess.”
The author also writes “All businesses will need a lawyer eventually. Don’t wait until you’re in trouble to find one. Once you have been sued you will end up paying for it, whether that includes settlements or just attorneys fees to resolve a case.”
Brilliant. Just Brilliant. And true too.
Do you want an attorney to review your employment agreement for between $360 – $500 and help you avoid litigation, or would you rather pay someone to respond to the lawsuit filed against you alleging breach of contract, breach of duty of loyalty and tortuous interference of contract at a cost of around $3000 just to file the responsive paperwork with the Court?
Would you like to put a $500 charge on your credit card for legal advice now, or ask your wife in 6 months if she thinks a 2nd mortgage is a good way to pay for $30,000 in litigation costs?
Virginia loves telling other states that we are pro business. What does this mean? It means our laws are pro-business not pro-employee.
Make sure you have someone helping you with your exit strategy. Want to start your own business? It is better to get advice now before you even think of your new business. And if you don’t believe me, listen to Virginia Business Magazine.