Protect Yourself Against Lawsuits
Posted by segacor on March 1, 2008
Columnist Steven D. Strauss, a lawyer specializing in small business and entrepreneurship, advises business owners to understand the downsides to litigation:
It’s expensive. Even hiring an attorney on contingency will eventually cost you about 40 percent of your settlement, if, of course, you ever get one. And those $300 an hour cases are killers.
There are no guarantees of success. Your odds of winning are 50-50, even with the facts and law on your side. You never know what a judge will do.
Worst of all, lawsuits are a pretty poor way to settle disputes. Endless discovery, motions and countermotions, bored jurors — it’s a wonder anything ever gets resolved.
Even if you think you’ve done everything right as an employer you can still be taken to court by the federal goverment, state goverment, local goverment or more likely by your own employees for perceived failures to comply with employment law. Then even those who “win” their cases have lost valuable time and resources in the process.
X
Bottom Line:X
Protect yourself at all times! Outsource your employment needs to a professional local Human Resource Organization.
X
