Thursday 14 June 2012
Small business owners can gain access to professional legal advice without breaking the bank, it has been claimed.
Writing for Guardian Professional, Taylor Wessing's Simon Walker said fears over costs tend to dissuade entrepreneurs from seeking expert advice.
"However, when you look at the long-term costs of an ongoing legal issue, or even worse the costs of a failing business, it becomes clear that seeking out legal advice and addressing any legal issues well before they are encountered is the more sensible route," he stated.
Mr Walker said there are "lots of options" for businesses with limited budgets, and ways of keeping spending to a minimum.
He advised contacting local academic institutions - such as university law schools - to see if they run part-time courses or drop-in centres.
The local branch of the Citizens Advice Bureau or a business support organisation should also be able to assist with many enquiries, avoiding the need to hire a lawyer.
"Many of these organisations host networking events which provide great opportunities to meet business owners who have had similar experiences, so are well placed to pass on their words of wisdom," Mr Walker told the news provider.
"A number of these centres, and indeed law firms themselves, run drop in clinics where owners can have one-on-one sessions with lawyers."
Posted by Dan Smith