Small business owners are just as likely as major corporations to run into conflict, but they may lack the resources (such as public relations and legal departments) to deal with these conflicts. Mediation offers an alternative -- one that can help the parties involved in a conflict come to a genuine understanding and find a resolution that addresses everyone's needs.
Because small claims court dollar limits are rising, small claims court is an increasingly attractive arena in which to resolve business disputes quickly and cheaply. Business owners typically can use small claims court in two main ways: to collect overdue bills or to resolve disputes with customers or other businesses.
While business insurance is not generally required, it's a good idea to purchase enough insurance to cover your company's assets. Even if you form a corporation or an LLC, which shields your personal assets from business liabilities, you still risk losing your business if disaster strikes. Insurance
In collaborative practice, the parties commit to resolving their claims outside the court system. Unlike litigation, collaborative practice provides the parties with control over the resolution process, saves money, and most importantly, preserves, rather than destroys, business relationships. Here's a primer on how it works, its advantages, and how to find a collaborative practice attorney.