New Business Legal Expenses

“If law school is so hard to get through, how come there are so many lawyers?” Calvin Trillin

Spend less money earlier

Most people I know have heard one or other joke about lawyers, but dealing with lawyers is no joke. In any new business, legal expenses for the drafting of proper contracts and purchasing an accounting system  for accurate cash flow management, are cheaper than cleaning up a mess later.

It is an unpalatable truth that your business will inevitably seek legal assistance of one description or another. That may be in the form of litigating in court, having contracts drafted, legislative compliance or a myriad of other proactive or reactive matters. Let me assure you of the only guarantee I know of in law – it is expensive! Continue reading