Legal counsel for smaller businesses does not have to be costly. With pre-paid legal plans, a variety of legal services made particularly to look after the requirements of small businesses can be obtained for a set annual fee which range from $120 to $250.
However legal coverage differs across the board, many pre-paid plans offer unlimited phone consultation with a attorney, a beneficial service that is sufficient in order to resolve many small-business issues. This encourages “preventive law”: the procedure wherein you recognize legal issues that affect your small business, contact your attorney and get suggestions about taking steps to decrease them.
Basic plans give coverage for basic agreements and the composing of simple legal paperwork, just like a bill of sale or power of attorney. More detailed plans will deal with more elaborate concerns like accounts-receivable collection work and equipment lease.
In case you are a member of a local chamber of commerce, professional group or trade you may get a plan at the reduced group price. Or else, you can buy from a commercial vendor.
