When you consider business-related lawsuits, your thoughts might turn to major corporations that sue one another or take heat from individuals looking for a piece of their massive capital reserves. But, lawsuits aren’t relegated to the realm of big business.
In fact, small businesses have to worry about them too. A firm that makes $1 million in annual revenue will average expenditures of about$20,000 per year in legal fees. If you look beyond that average, some companies will end up paying significantly more… and might even have to close their doors because of that.
