Based on a recent report published by the SBA, there are nearly 28 million small businesses in the United States while there are fewer than 20,000 companies that have upwards of 500 employees.
As such, the small business arena is incredibly important in today’s landscape and it is synonymous with the American dream, so let’s take a closer look at why you should reach out to a time-honored business law firm if you happen to own a revenue-generating entity.
The Data and Statistics That You Need to Know
In order to truly appreciate the fundamental role of your local business law firm in Summerlin, NV, you should take a minute to peruse through the illuminating facts and figures presented below:
- Only about 35% of new businesses survive for more than two years and analysts have determined that this trend is present across all industries and sectors.
- Various studies have also identified that a shocking 82% of small companies that go under fail due to cash flow issues, many of which are centered on preventable liability problems, improper contracts, and lawsuits.
- Approximately three out of every four proprietors state that their most pressing concern is the ability to adhere to the ever-changing regulations regarding employment agreements, sales contracts, and other legal obligations.
This is why the onus is on you to contact an esteemed business law firm to help you avoid issues and ensure a prosperous future, irrespective of the size of your enterprise or the range of your operations.
Is There a Trustworthy Panel of Specialists in My Area?
Simply by arranging a meeting with a long-standing local business law firm such as Pintar Albiston LLP, for example, you’ll gain instant access to a quick-witted, multi-talented team of experts that can help you with joint venture agreements, worker contracts, expansionary plans, operating deals, liability management, and a vast array of other common affairs.
All it takes is a single consultation to pinpoint any potential legal problems and to establish a suitable solution, so be sure to visit their webpage at your earliest convenience. You can also connect them on Facebook.