Business Destruction and Litigation

It is very difficult to create, operate and maintain a successful business.  There are so many ways for a business to run into trouble.  One trouble is legal such as a shareholder/owner dispute, a lawsuit, employee lawsuit, and other disputes.  A lawsuit or an investigation can destroy a business. The goal is to place a business in a position to reduce liability. No matter what your business does, we can guess most business owners’ worst nightmare: going to court. No matter what the reason is, facing a lawsuit is never good news. At Waserstein & Nunez, we know that running a business is hard enough as it is. Now on top of day-to-day operations, local and federal regulations, and a wildly fluctuating market, you have to find the time to work with an attorney and argue your defense in a courtroom?

As any good coach will tell you, the best offense is a good defense. The same is true of running a business, no matter the size. If there are actions you can be taking now to prevent potential lawsuits in the future, you should be taking them. With that in mind, here are 4 ways that you can protect your business from lawsuits right now:

Put Everything in Writing

The best way to keep everyone on the same page is to put everything down in writing. When partnering with others, don’t settle for a handshake agreement. Draw up a contract! For any major communication with employees or clients, make sure to do it in writing. Nothing will pay off more down than the road than having written proof of your business’s operations.

Keep Your Records Organized

What good is keeping records if they are basically inaccessible? Make sure to have a filing system for work-related records that is sustainable, private, and safe. Work to back up your records as well. Having a quick response when someone questions a matter of record is an excellent defense for your company’s reputation.

Keep It Personal

When it comes to your personal finances, keep them separate from your business finances. Sure, there may be some financial advantages to sharing one big bank account. If that’s the case, however, when someone sues your company, they are also suing you personally. If all of your business’s finances are taken, you’ll end up without a cent to your name.

Hold Yourself To a Higher Standard

One of the toughest transitions for business owners can be going from friend to boss. You have to understand that you hold a position of power over others around you, whether you like it or not. Hold yourself accountable to a level of professionalism that you would want to see from your own favorite business.

Get the Help That You Need

At Waserstein & Nunez, we help resolve business disputes of all shapes and sizes. We believe in our ability to create innovative solutions that will help resolve complex issues as efficiently as possible. For help with any business issues, contact Waserstein & Nunez today! We provide real-world solutions to real-world problems!


The following two tabs change content below.

Waserstein & Nunez, PLLC

Waserstein & Nunez, PLLC is a boutique law firm with extensive and varied experience of a large law firm. They are geared towards deal-making and solutions but always preparing and ready for trial or Plan B.

Latest posts by Waserstein & Nunez, PLLC (see all)