If you are a small business owner, you would be wise to begin thinking about how to avoid consumer lawsuits before they happen. It can become very time-consuming and costly to engage in the protracted legal battle that ensues when a group of consumers claim you are responsible for their financial loss or injury. If the lawsuit goes poorly, your business’ reputation and financial resources could be so depleted that you could be forced out of operation.
Preemptive Steps to Protect Your Business from Class Action Lawsuits
While winning in a consumer class action dispute would certainly be ideal, avoiding it entirely would be an even greater victory. It may not be avoidable in every case, but there are a few things you can do to decrease their likelihood:
- Bring on an experienced business litigation lawyer. If you are running a business and don’t yet have trusted legal counsel, you may already be in trouble. An experienced small business attorney can help you with everything from structuring your small business in order and ensuring its legitimacy to advising you regarding contracts with clients and other businesses and protecting you from bankruptcy in the event of a lawsuit. Get in touch with a member of our team at Busch, Reed, Jones, & Leeper, P.C. today to begin consulting with a professional who has your business’ best interests in mind.
- Incorporate your company. When you incorporate your small business, you officially separate its liabilities from your own assets, thereby minimizing the personal, financial blow of a lawsuit. This protects you, your business, and any business partners you may have from going bankrupt in the event of a consumer lawsuit or class action.
- Talk to an attorney about information preservation practices. There are a variety of reasons why you may one day need to rely on backups and records, not least of which being a class action suit. By consulting our small business lawyers in Marietta, you can begin employing record-keeping methods that are helpful, legal, and absolutely necessary in a class action defense.
Speak With a Knowledgeable Business Litigation Attorney in Marietta
There are many precautionary measures you can take to protect your business from future class action lawsuits and consumer disputes. If you are structuring a business, seeking to incorporate it, or currently seeking to defend it against a class action, let our team at Busch, Reed, Jones & Leeper, P.C. help you defend your livelihood.
Speak to one of our Marietta business litigation attorneys today by calling (770) 629-0154, or send us a message to schedule your complimentary consultation.