On April 29th, President Obama declared May 1st-7th as National Small Business Week. In recognizing the impact of small businesses, the President noted that small businesses are “responsible for creating nearly two-thirds of net new jobs in the United States each year and employing more than half of all Americans, small businesses have always been a vital part of our country’s economy.” As small business attorneys (and a small business ourselves), we understand the impact that small businesses have on the local community.
According to several recent studies, nearly sixty percent (60%) of small businesses have experienced significant legal events in the past two years and nearly all respondents listed at least one legal issue as one of the “greatest threats to their business.” Nevertheless, nearly six of every ten small businesses who’ve experienced a significant legal issue reported not hiring an attorney to help them.
As a local law firm that helps businesses walk through these tough issues, this is quite concerning. In an effort to break down this barrier, The Loftin Firm focuses on providing personalized guidance in a cost-effective manner. We firmly believe that a proactive approach (i.e., getting an attorney involved in the earlier stages of an issue) can often be more cost-effective in the long run than ignoring the problem until it escalates. In order to encourage small businesses to embrace this proactive approach, we offer creative fee structures that keep legal costs in check. If you’d like more information about the Firm’s unique business-minded approach or if you’re thinking about starting your own small business (our entity formation packages start at $875), we’d love to speak with you further.
Go celebrate National Small Business Week by supporting your local businesses today!
Ariel Bedell is a Shareholder at The Loftin Firm. For questions relating to any other California real estate, corporate governance, land use, or estate planning matter, contact Ms. Bedell at 760-814-9649.