Running a profitable business is tough, involving many elements to ensure success. One aspect that can’t be overlooked is protecting your company from legal action. This is even more crucial as recent data reveals that around 36% to 53% of small businesses suffer a lawsuit each year. Aside from the stress, lawsuits can drain your wallet, take your time, and damage your brand reputation. Some businesses even get shut down completely. Although you cannot dodge every legal curveball, there are some savvy moves you can make to lower the chances. Below are four solid business practices that could shield you against legal action.
