Business lawsuits can wreak havoc on any company, regardless of its size.
For some businesses, however, litigation can be especially problematic.
For example, a business that was recently formed may be hit especially hard by a lawsuit, which could prompt the business to shut down altogether.
There are a host of reasons why a business lawsuit that targets a newly-formed company may be so disruptive.
To that end, someone who owns a business that was recently launched may be inexperienced with handling legal matters affecting their company. They may have no idea of how to approach a lawsuit, and they may also be dealing with a considerable amount of pressure from being a first time business owner.
Often, businesses that have not been operating for very long are especially vulnerable with respect to the financial consequences of a lawsuit, and many have to close their doors as soon as their legal bills begin to mount.
If you are a first time business owner and want to protect yourself from a lawsuit, or find yourself in one, contact Bashian P.C.