Save money and reduce stress: Hire a business law attorney

If you’re like most Americans, you are probably stressed out at least some of the time. And why are Americans stressed? According to a survey by the American Psychological Association, the two leading stressors in Americans’ lives are worries about money and worries about their jobs. Right now, money seems to be pulling slightly ahead as the leading cause of stress.

Are you starting a business? If so, chances are that you are even more worried about money and job security than other Americans are. For small business owners, both their economic stability and their careers are wrapped up in the success or failure of their entrepreneurial enterprise.

Navigating the legal landscape of business formation can cost a lot of time and money, which is especially stressful in light of the fact that many small businesses must be successful for months or even years before they truly become profitable. If you’re stressed right now, you have good reason to be.

That being said, there are investments you can make that will increase your chances of success while reducing your stress level at the same time. Many new business owners dismiss the idea of working with a business law attorney because of how much it might cost. But working with an experienced attorney could actually save you money by ensuring that your business plan is not derailed by early mistakes.

Moreover, hiring an attorney is a good way to ensure that you are in compliance with all applicable laws and regulations. In doing so, you will also have peace of mind and less stress because you know that you are unlikely to face unwelcome and often expensive surprises.

Stress and worry are the rocks that can sink even the most buoyant ships. If your fledgling business has you constantly stressed about your job and your finances, perhaps it’s time to put your mind at ease by consulting with an experienced business law attorney.

Source: Business Insider, “Americans are even more stressed out about money than they are about work,” Sarah Schmalbruch, Feb. 5, 2015

Tags: Business Formation & Planning

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