Legal advice for small businesses does not have to be expensive. With
pre-paid legal plans, a wide array of legal services designed specifically
to cater for the needs of small businesses is available for a set yearly
fee ranging from $125 to $300.
Although coverage differs across the board, most pre-paid plans offer
unlimited telephone consultation with a lawyer, a valuable service that is
enough to solve many small-business matters. This encourages
“preventive law”: the process whereby you identify legal problems that
affect your business, contact your lawyer and get advice on taking steps to
Basic plans provide coverage for simple contracts and the drafting of
simple legal documents, like a power of attorney or a bill of sale. More
comprehensive plans will deal with more elaborate matters like equipment
lease and accounts-receivable collection work.
If you are a member of a local chamber of commerce, trade or professional
group than you can get a plan at a reduced group rate. Otherwise, buy
directly from a commercial vendor.