Being a small business owner can be both trying and rewarding. There is a lot of good that can come from being one's own boss and contributing to the community. There is also risk in putting oneself out there. Small businesses are not immune to legal troubles. Numerous small businesses in Wisconsin face business litigation issues over the course of operation.
What are the most common lawsuits filed against small businesses? There are four specific lawsuit types that come to mind. These are those that involve:
- Employment law issues
- Intellectual property rights
Employment law issues would include claims of harassment, discrimination, wage and hour violations and wrongful termination -- among others. Fraud claims may arise if one's company is thought to participate in malicious actions deliberately -- such as not treating consumers or suppliers fairly. Intellectual property rights claims may be filed in cases of plagiarism or the unauthorized use of another company's information or signage. Finally, claims regarding contracts may come if one is accused of failing to live up to the terms of contracts signed with consumers, suppliers, partners or employees.
It is possible to take steps to avoid litigation or at least prepare for it when setting up one's company. Seeking insurance, protecting assets and having legal counsel on hand to help out when issues arise are all wise. If problems do come up and business litigation is inevitable, small business owners in Wisconsin can turn to an experienced attorney who will be able to help them resolve the issue as quickly and quietly as possible.
Source: entrepreneur.com, "4 Potential Lawsuits to Watch Out for in Small Business", Larry Alton, Accessed on May 7, 2018