A small business does not need a lawyer for every routine decision, but legal review is useful where a mistake could create significant liability or be difficult to reverse.
High-risk situations
- founders' or shareholders' agreements
- major supply or service contracts
- commercial leases
- loans and guarantees
- investment agreements
- employment disputes
- intellectual-property ownership
- debt recovery
- regulatory notices
- sale or restructuring of the business
A small company can use legal support selectively and focus on transactions with higher legal risk.