5 Legal Myths That Impact Your Business

5 Legal Myths That Can Dramatically Impact Your Business.

As a Legal & Business Success Coach, I’m always surprised how pervasive some rather untrue thoughts or beliefs can be as it relates to business law.  And while thinking one thing, when something else is actually true, can be funny in other areas of life, I can tell you from personal experience, that making that mistake in the court of law is no laughing matter.

Especially when you’re talking about growing and protecting your business.

So with that in mind, let’s take a look at 5 Legal Myths that if you don’t have your information right, can absolutely have a negative impact on your business.

Conversations between lawyers and their clients are always confidential.   This is probably one of the most common ones out there.  Is attorney-client privilege available, in general, to most conversations clients have with their attorneys?


But are there some rules for when that veil can be pieced?

You bet.

Recommendation: When talking to your attorney about a particular sensitive subject, just make sure that what you think falls under client privilege, actually does.

To protect myself legally, I have to engage in a mountain of paperwork.  Actually, this couldn’t be further from the truth.  Putting together a good contract or working document is actually very straight forward, and could be an absolute lifesaver if/when things go sideways.

As a matter of fact, for our Access Members we have a host of legal templates (including contracts), that members can very easily access to help keep them protected.  Want to learn more about how this might apply to your situation?

Just email support@reiblaw.com to schedule your complimentary 30 minute session with myself or someone from my office, and we can help put together a legal game plan that works best for you.

If someone is injured on your property, you’re liable.  This is also not true 100% of the time.  Meaning, if were on your property and they were being negligent, clumsy, stupid or engaged in a criminal act, then that’s not your responsibility.  

You can’t be sued if you did nothing wrong.  Ahh, the “I didn’t do anything wrong…so no one will sue me” strategy.

Not recommended.

Anyone, anywhere, at any time, can sue you at any for any reason.  In the United States we call that “frivolous litigation,” and even if you prevail, you can spend big money trying to get out of it.

That’s why I’m such a big proponent of contracts and putting stuff in writing…because it helps you stay away from these types of frivolous suits, as well as greatly enhances a favorable outcome if/when one does come your way.

Lawyers are a necessary evil only to be used as a last resort.  I’m always amazed how many business owners spend more time (and money) planning their next vacation, rather than sitting down with a lawyer for a couple of hours to help protect their business and financial nest egg.

Good legal strategy and planning starts while your running business, not when you get into trouble.  

So if you’d like to schedule some time to get to know each other a little bit, and talk about your situation, then email support@reiblaw.com and we’ll schedule your 30 minute free of charge session with myself or a member of my team.

And don’t worry…we promise not to bite!