As we approach the end of the first quarter of 2025, we can see many major trends shaping up that will significantly impact small businesses in the coming year and beyond. Here are some of the biggest trends that will affect small businesses in 2025.
E-Commerce
By now, every business should know about the importance of e-commerce in the modern marketplace. However, it’s still worth mentioning that this aspect is critical for any small retail business that wants to succeed in 2025. E-commerce currently accounts for 20% of all retail sales and is likely to grow significantly in the coming years, representing a full quarter of all retail sales by 2030.
Every small business selling merchandise should have an e-commerce component to their business. This doesn’t have to be a big investment. For many businesses, something as simple as an eBay or Amazon shop is enough of an e-commerce presence. However, there are many e-commerce platforms available that make it not much harder to open your own digital storefront, which can be more profitable. Sellers’ fees on the big platforms can range from as little as 8% to 45% or more. In contrast, the popular e-commerce platform Shopify charges $29 per month, plus credit card and third-party payment provider fees for its basic plan. Take the time to calculate the relative costs and benefits of having your own website versus having a seller page on one or more of the big marketplaces.
Online Marketing
If you are trying to make sales online, you will also need to be marketing online. Businesses that aren’t marketing online risk losing more than just online sales, though: failure to market your business online can mean that your business won’t show up when people try to use their phones to find nearby shops. The minimum digital marketing each small business must do is to claim and maintain their listings on the major search engines.
However, if your business wants to profit from e-commerce, it’s important to pursue a multifaceted online marketing approach. This marketing approach should include:
Search engine optimization (SEO)
Pay-per-click (PPC)
Social media marketing
Content marketing
Your online marketing should also be what is described as a full-funnel approach, targeting potential and actual customers at each stage of the decision process from basic awareness through decision-making and to repeat business.
Cybersecurity
Cybersecurity is essential for all businesses.
For e-commerce operations, cybersecurity should be incorporated from the very beginning. Whether you have a shopfront in a big marketplace or set up your own storefront with a major e-commerce platform, you should have enough cybersecurity built in to protect your small business from related lawsuits. However, if you are building your own e-commerce platform, you must take care to build adequate safeguards.
But cybersecurity is important for more than just e-commerce businesses. Any small business that collects credit card payments and retains any amount of customer information is a desirable target for hackers. Even if you don’t have a lot of information to steal, you might still be a victim of a ransomware attack that can hold your business hostage.
Remember: cybersecurity is about more than just technical security features. It’s important to train yourself and all your employees to identify and avoid common socially engineered cyber-attacks.
Tariffs
If your business imports merchandise or materials, tariffs are likely to have a big impact on your profit margins. With proposed tariffs of up to 50% on some items from our largest trading partners, you are likely to see increased costs. Even if you don’t import items directly, you might see increased costs because your domestic trading partners are seeing their costs go up.
You will have to decide how much of this cost to pass on to your customers and how much you can afford to absorb.
On the other hand, some businesses may benefit from tariffs, making it easier to recoup the costs of running a small operation.
Business Uncertainty
However, if you’ve been paying attention to the news about tariffs, you’ve noticed that the administration has given mixed messaging about the timing, focus, and size of tariffs. Tariffs were supposed to start immediately, then were postponed, then were on again, then off again. Right now, it’s unclear when and how the tariffs will affect the market.
This uncertainty can make it hard for your business to make its plans for the upcoming year. Should you contract with a foreign supplier and hope for the best? Would it be better to work with a more expensive domestic supplier? Would other disruptions in the US economy make that domestic supplier an unreliable partner?
This uncertainty won’t just be affecting you, but it will impact the entire business environment around you. There is already evidence that consumer confidence is falling, which could significantly impact your revenue, but how is this a temporary situation or likely to become a more permanent condition?
Fewer Grants and Loans
Another difficult situation for many small businesses is that they may find it harder to get grants and loans from the Small Business Association (SBA) under the new administration. Funding cuts have been announced which may impact all small businesses. In addition, these funding cuts may impact small businesses owned by women and minorities more as there have historically been more funds available to these businesses than other businesses.
However, the SBA is touting an expansion of the 504 loan program to make it easier to access capital loans for manufacturing.
In Denver and several other cities, access to SBA support is further complicated by the removal of local offices.
Changing Regulatory Environment
Some small businesses may see relief in reduced regulations this year, which could diminish their costs and make it easier for businesses to enter industries where regulations had previously led to uncertainty or liability exposure.
To promote the removal of regulations, the SBA has announced a Red Tape Hotline, where businesses can call to report regulations that represent an undue burden.
Get Legal Help for Changing Times
When it comes to navigating the challenges of the modern marketplace, a small business lawyer can be a tremendous help. With years of experience and experience with many clients across the board, a small business attorney is in a great position to identify both challenges and opportunities for your business to help you make the most of each.
Since 2010, the Law Office of E. C. Lewis has been helping small businesses to prosper no matter the conditions. Elizabeth Lewis strives to develop long-term relationships with her clients. This means that she will be there whenever you need her help in dealing with the newest trends affecting your small business. She has worked for years with many small businesses, and she knows the challenges you’re facing and how other businesses have successfully navigated them. She believes in doing what it takes to help your business prosper and will customize her legal services to ensure you are getting what your business needs to navigate changing conditions.
To learn how Elizabeth can help your small business in 2025, please contact the Law Office of E. C. Lewis today.
Most Profitable Industries for a Small Business Startup in 2025
Some people start a small business because they have a passion for the work. These people know what kind of business they want to start. Others, though, are primarily considering the profitability of their potential business. If you are focused on the profitability of your small business, it makes sense to choose an industry that offers a strong potential for profit.
Here are some of the industries that offer a high potential return for small business startups in 2025.
Care for Seniors
It’s no secret that the population is aging, and that Boomers represent a large potential market for businesses. Boomers have accumulated about half of all the household wealth in the US. They’re the last generation to have benefited significantly from pensions, and they have Social Security payments (at least for now) to help them meet expenses. Plus, surveys show that Boomers aren’t trying to save their money for their children. They want to spend it.
This means that there are many opportunities to offer senior care. The level of services can vary depending on your focus. The easiest level of care to offer is basic home assistance, including things like housework, yard work, and basic handyman services. Some seniors are even looking for companionship. The capital requirements for this type of business are small, and it’s easy to enter, which does mean that there is a lot of competition.
You can offer a more exclusive tier of services that includes medical services, such as nursing care, physical therapy, and other types of care offered in your clients’ homes. This upper level of care requires more licensing, and you must hire more expensive personnel, which makes it harder to get into. However, with less competition and the ability to charge at a higher price point, this can become an even more profitable company.
Business Consulting
Large corporations are posting record profits. After stock buybacks, they are sinking their profits into measures aimed at improving their competitiveness, which includes hiring consultants to improve many aspects of their business. On average, a business consultant makes over $200,000 per year.
Although being a consultant may require significant expenses in terms of travel and marketing, the revenue potential still makes this a potentially very lucrative business.
Software Development
The software industry is one of the most profitable in the world. Although the industry is dominated by huge corporations, there is still a lot of room for small businesses to make an outsized impact – and profit!
These days, everyone depends on software to do any type of work. Retail, manufacturing, construction, and healthcare are just a few of the industries that have come to rely on software packages designed for their needs. Although virtually every industry is served by some type of software, it’s possible for small developers to make a huge profit by either identifying an unserved community or writing a new software package that provides better service than the currently popular package.
Software development also offers an appealing feature for many people starting a small business: the possibility of a huge buy-out as the company gets successful. This allows a business owner the opportunity to either move to a new business or simply retire on the proceeds of their sale.
AI Integration
In recent years, AI has flexed its capabilities in a very public way. However, as impressive as AI’s feats can be, it isn’t always clear how the technology can offer business benefits.
This is where AI integration comes in. A person with a good knowledge of AI’s potential and limitations can help businesses understand how they can deploy the technology in their industry. The successful integration of AI into a business can be very lucrative for a company, so they are willing to pay a lot to businesses that can help them. As AI has virtually limitless use cases, and the suitability of these cases continues to change with the advancing technology, AI integration consultants will likely have a lot of profitable business for years to come.
Digital Marketing
Almost every business relies on marketing to be successful in a crowded and competitive marketplace. Online marketing is increasingly becoming the way that companies reach their customers, and this sector is expected to see robust growth for the foreseeable future.
Successful digital marketing companies are increasingly specialized, focused either on a particular industry (such as personal injury lawyers) where they can leverage their expertise of the market, or on a particular technique (such as social media marketing) where they can leverage their technical expertise.
Pet Services
Pet ownership has surged in recent years. In many households, pets are spoiled children (whether or not the household has actual children), which means that people invest considerable money in their pets, opening the potential for numerous profitable pet services companies in virtually any state in the US.
Pet services can take many forms, from a simple dog walker to pet grooming to obedience training to having a pet store. Many of these potential services can be light and lean, but others require significant investment in training, personnel, and equipment.
Real Estate
Real estate values keep going up, outpacing inflation even in recent years. Since real estate agents are paid as a percentage of the value of properties they sell, this means that their income is going up, too, and outpacing inflation, something not all industries can claim.
Real estate agents typically require licensing, which is a significant up-front investment in time and money. There is also a fair amount of networking and other marketing required. Otherwise, though, there aren’t a lot of initial investments necessary to start a real estate business.
In addition to working as a real estate agent, there are many real estate adjacent businesses that can be profitable including:
Home inspections
Flipper
Vacation rentals
Home improvement
All these businesses can take advantage of the rising value of real estate to be profitable.
Help with Your small Business
If you are considering starting a small business in the Denver area, a small business startup attorney can help you set yourself up for success. Avoiding common legal problems and lawsuits, securing intellectual property, and protecting your personal property from business risk, there are many ways that a small business lawyer can help you in starting a business.
If you are looking for a small business attorney in Denver, the Law Office of E. C. Lewis can provide the guidance necessary to ensure you set your business up properly and protect your rights moving forward. Elizabeth Lewis has been helping small business owners find success in the Denver area since 2010. She is dedicated to building long-lasting relationships with her clients. She has seen many of these clients go from tiny start-ups to large, powerful, and profitable businesses. She can help you figure out how to make your small business dreams a reality.
Elizabeth understands that the needs of a small business are different, and she has dedicated herself to meeting these needs with a result-oriented approach that customizes her legal services directly to your needs.
Please contact the Law Office of E. C. Lewis today to learn how she can help your business become profitable.
Small businesses are the engine of the US economy. They provide a significant amount of employment, provide vital services in their communities, and develop important innovations. However, finding the funding to start and run a small business is not always easy.
Since it was established in 1953, the Small Business Administration (SBA) has been facilitating loans to small businesses that would otherwise not find suitable funding. However, the process of applying for 7(a) loans (named for the section of the Small Business Act that authorized them) can be complicated. Here are the steps to go through to apply for a 7(a) loan.
Is Your Business Eligible?
There are many basic requirements your business must meet to be eligible for an SBA 7(a) loan. Some of them are fairly straightforward. The basic ones are:
Be an operating business
Operate for profit
Be located in the US
If you meet those requirements, you can dive into the more complicated aspects of qualifying for 7(a) loans.
Is Your Business Small Enough?
What counts as a small business from the SBA perspective? This is defined according to the type of business that you are and can be quite variable. Some industries have their size defined by the number of employees, while others have their size defined by the value of the business. For example, soybean farming businesses are considered small if they are less than $2.25 million in value, but a new single-family housing construction business is considered small if it is worth less than $45 million. Furniture wholesalers are considered small if they have fewer than 100 employees, but iron mining companies are considered small until they have 1400 employees. You can see the size requirements by industry here.
Note that size standards include your business and its affiliates.
Is Your Business of an Eligible Type?
There are some types of business that aren’t eligible for 7(a) loans. In addition to non-profits, businesses are ineligible if they are:
Financial institutions that lend money
Passive businesses that don’t use or occupy the assets they buy or improve
Life insurance companies
Pyramid sales companies
Casinos and other businesses that get more than 1/3 of their income from gambling
Illegal businesses, including marijuana operations that are legal in Colorado
Private clubs with exclusive memberships
Government-owned businesses (except those owned by Native American tribes)
Loan packagers that significantly package SBA loans
Businesses with an associate guilty of financial misconduct or lying
Businesses that perform live performances of a sexual nature
Selling products or services of a sexual nature
Political lobbyists or lobbying firms
Speculative businesses
Businesses that have defaulted on a previous SBA loan
In the last case, a small business can get a loan if the SBA waives the default for good cause.
Have You Tried Other Lenders?
The SBA sees 7(a) loans as a resource of last resort. You should only go to them after you have tried (and failed) to get funding from other sources.
Be Creditworthy and Capable of Repaying the Loan
Being creditworthy can mean several different things when it comes to a 7(a) loan. It could mean that you have an appropriate FICO score. Other times, you might have to provide sufficient collateral. In still other cases, you might just need to have a solid business plan. It depends on the type and the size of the loan.
The same is true of demonstrating that you will be able to repay the loan. Lenders will often want to see certain types of proof that you are going to be able to generate revenue to repay the loan. Having a solid business plan, good market research, contracts, a list of preorders, potentially even social media exposure might be enough, depending on the nature of the loan and its size.
For this eligibility requirement, it can really help to get the advice of someone who has gone through the process before and will know what’s likely to work in your case.
Is the Use Eligible for a Loan?
Just as the SBA only backs loans for certain types of businesses, it also only backs loans for certain types of uses. However, the list of use cases is relatively straightforward, compared to the types of eligible businesses.
You can use your 7(a) loan for:
Real estate and buildings, including purchases, refinancing, or renovating
Working capital, over both the short- and long-term
Refinancing current business debt
Machinery and equipment
Supplies, furniture, and fixtures
Buying a business
A combination of any of the above
Some types of 7(a) loans also allow a line of revolving credit, usable over a period of up to seven years.
Find a Lender
The SBA doesn’t issue loans directly. Instead, the SBA supports loans by lending institutions. However, you will use the SBA’s Lender Match tool to connect with one or more potential lenders.
Before you start, you should assemble all the details that explain the information we’ve discussed above, including:
Evidence of the credit history of you and/or your business
Financial projections
Collateral
Industry experience or anything else that contributes to your likelihood of repaying the loan
Then you’ll be asked a few general questions about your business and the loan. After that, the Lender Match will (probably) link you with one or more lenders who might be willing to provide your loan.
Compare the terms you’re offered and decide which lender is right for you. Although 7(a) lenders have a maximum interest rate that they can charge, they won’t all offer you the same terms. In addition to different rates, some might pay fees related to the loan while others will pass them on to you. They might offer different repayment periods. You will be able to communicate with lenders and potentially bargain.
Submit Your Application
Now it’s time to complete your application. This is where you’ll need to provide all the detailed information you discussed with your lender, including supporting documentation. Then you just have to wait for a final decision.
With a 7(a) loan, the decision could be completed in under two days, but it might take up to ten business days.
Get Help with Your Application
If this is the first you’ve ever applied for a 7(a) loan (or possibly any loan at all!), the process can seem daunting. Mistakes can cost you your funding. With up to $5 million on the line, it makes sense to consult with someone who has done this before and has critical knowledge that can improve your chances of getting the funding your business needs.
Elizabeth Lewis is a Denver small business lawyer who has helped dozens of small businesses go successfully through the complicated process of applying for a 7(a) loan. She is prepared to use her expertise to help you assemble a winning loan application. This can include taking steps like finding the right structure for your small business, writing an effective business plan, communicating your relevant expertise, setting up a spending plan, and making financial projections.
Since 2010, Elizabeth has been helping small businesses in the Denver area. Whether you’re a startup out of your basement or a 100-person factory operation, she is prepared to help you. Her expertise is in small business law, and she has helped many small businesses navigate the challenges of early growth. She is dedicated to providing long-term help for you by building a relationship based on mutual trust. Her results-oriented approach can help you focus on what matters for your business’ success.
To learn how Elizabeth can help your business, please schedule an appointment at the Law Office of E. C. Lewis.
One of the most important steps in starting your small business is securing capital to finance your initial outlays for your location, stock, fixtures, equipment, and more. Starting capital can also cover operating expenses during the early period while you are working to improve your income.
The Small Business Administration (SBA) offers many loans to help businesses get off the ground. However, the different types of loans are designed for specific circumstances, and it’s important to know which type fits your situation. Failing to understand what type of SBA loan is best for your business can mean either getting into legal trouble by using loan funds improperly or missing out on favorable terms. This brief guide can help you understand the complexities of SBA loans, though it’s recommended that you consult someone, such as a small business lawyer, before applying for an SBA loan.
How to Qualify for SBA Loans
The SBA loan program has several requirements you must meet to qualify for lending. When talking to a lender, they may reveal more specific requirements, but in general terms, your business must:
Be for-profit
Be physically located in the US
Do business in the US
Have sound credit
Have exhausted other financing options
If you meet these requirements, you might be able to get an SBA loan.
7(a) Loans
Most SBA loans fall under the 7(a) loan program. These loans can be used for a variety of purposes, including:
7(a) loans take their name from the fact that they are authorized by Article 7(a) of the Small Business Act of 1953. Below are the types of 7(a) loans available.
Standard Loan
Standard SBA loans are for an amount from $500,000 to $5 million that don’t fit other SBA loan types. The SBA can guarantee up to 75% of the loan amount, and the loan can be approved by an SBA-approved lender within 5-10 business days. You will negotiate the interest rate with the actual lender, but it cannot be higher than the SBA approved maximum. Collateral requirements depend on the amount being financed, but it may include personal property as well as that owned by the business.
The standard SBA loan doesn’t allow for revolving credit, though there are several types of loans within the SBA system that do.
Small Loan
The SBA’s small loan program allows expedited approval, lax terms, and greater guarantees for smaller loans. SBA small loans can be approved in as few as two days. The maximum amount for a small SBA loan is $500,000. The SBA can guarantee up to 85% of the loan amount for loans up to $150,000, but for larger amounts, the guarantee is only the same as the standard loan.
Rates are negotiated between your business and the lander, not to exceed the SBA maximum. No collateral is required for loans of $50,000 or less. For larger amounts, you will negotiate collateral requirements with the lender, but your loan cannot be turned down just because you lack collateral.
Express Loan
As the name implies, SBA express loans are quick. They can be approved in as little as 36 hours. However, these loans can only be up to $500,000 and the SBA only guarantees up to 50% of the loan amount.
However, the Express loan does allow for revolving lines of credit for up to 10 years.
CAPLines Loan
CAPLines loans are a group of loans intended to help businesses meet short-term and cyclical capital needs. This can include loans focused on seasonal needs or needs related to construction or rehabilitation of buildings for resale. These loans have a maximum duration of 10 years.
Export Working Capital Program (EWCP) Loan
These loans are designed to help businesses that can potentially generate export sales but need additional capital to achieve this goal. The loans can be for up to $5 million and may be up to 90% guaranteed. Businesses can also get assistance from local US Export Assistance Centers.
EWCP loans can include lines of revolving credit for up to 36 months.
Export Express Loan
The Export Express Loan Program is intended for loans supporting exports that are smaller than the EWCP loans. Export Express Program loans can’t exceed $500,000. These loans can be up to 90% guaranteed if for $350,000 or less, and no collateral is required for loans up to $50,000
These loans can include revolving lines of credit for up to seven years.
International Trade
These loans are intended to help current exporters improve their competitive position, or to develop new export markets. These loans can be used to acquire, construct, renovate, modernize, or expand facilities and equipment at their US facilities. They can also use it to help them develop and penetrate foreign markets. They can even use the loan as working capital for export transactions.
These loans can be up to $5 million and can be up to 90% guaranteed by the SBA.
504 Loan
504 loans are different from the other types of SBA loans because they aren’t authorized under the same provision as 7(a) loans. They are also focused on different types of investments, so they aren’t as flexible.
The 504 loan program provides long-term, fixed-rate financing for major fixed assets. The intent is to support business growth and job creation.
To qualify, your business must meet all SBA loan requirements. Plus, the business must have a tangible net worth of less than $20 million and an average net income of less than $6.5 million.
Need Help Applying for an SBA Loan?
As with anything related to the government, there is a significant amount of complexity in terms of paperwork and legal requirements when applying for an SBA loan. A small business lawyer can provide valuable assistance during the application process.
Elizabeth Lewis is a small business lawyer who has been helping businesses in the Denver area since 2010. She is dedicated to helping businesses succeed, and she can provide assistance with many aspects of qualifying your business for an ABA loan, including:
Elizabeth’s results-oriented approach helps you cut through the complexities to focus on the essential aspects of applying for an SBA loan. She has done this for many businesses and knows what makes a winning strategy.
To get help completing your SBA loan application, please contact the Law Office of E. C. Lewis in Denver.
9 Reasons Your Small Business Needs a Contract Lawyer
As a small business owner, you must divide all potential expenses into at least three categories: unprofitable, necessary, and nice-to-have. The unprofitable expenses are those you should cut because they are costing you money. The necessary expenses are those that your business depends on – the ones that you can’t do business without. Finally, the nice-to-have category are the expenses that will make your business easier, help it to grow, and even potentially make it more profitable – if you can afford them.
Many people think a contract lawyer belongs in the nice-to-have category, but here are the reasons why you should put them in the necessary category.
Get All Necessary Contracts
One of the biggest dangers of contracts for your small business is not knowing when you need one. There are many potential business interactions where a contract can make a big difference for your business. But which ones need a contract, and which ones can you handle as a simple transaction with just a handshake and/or passing money over the counter?
Not using a contract can expose your business to some situations that can destroy it, while using a contract for every transaction can irritate people and cost you business opportunities. A contract lawyer knows which situations demand a contract.
Identify Potential Risks
Since we mentioned risks, it’s important to understand that contracts are potentially a double-edged sword. While contracts can potentially protect you from risks, they can also create risks if you sign a contract with unfavorable terms.
A contract lawyer can look at a contract to see if there are potentially dangerous terms in it. They will highlight these terms so that you can understand whether the risk of the contract is worth the benefit.
Protection of Your Interests
If you don’t know how to write or read a contract, it’s possible to give away far more in the contract’s terms than you mean to. You might make unreasonable promises, give away intellectual property rights, or fail to secure proper payment terms. The problems with the contract might be as much what is unwritten as it is what is written, so it takes more than just the ability to read and understand a contract – it depends on knowing what a contract should contain.
A contract lawyer can look at a contract and help you understand what it means in plain terms. That way, you can decide whether the contract is reasonable for your business or not.
Negotiate Better Terms
Once you’ve identified terms in a contract that aren’t in your best interest, you can start to negotiate better ones.
A contract lawyer knows what’s reasonable to ask for, and what you’re unlikely to be able to get. They can help you understand how to ask for what you want, which may be asking for more than you need so you have a good middle ground to settle on. Sometimes a contract lawyer will do the negotiating for you, or they can simply advise you on how to perform the negotiation, depending on your preferences and theirs.
Enforceable Contracts
Just writing terms into a contract doesn’t make them enforceable. One potential danger of a contract is that you might think you have one that protects you, but the terms of it make it unenforceable. Sometimes, unethical businesses might deliberately use unenforceable contracts to avoid having to comply with any terms.
A contract lawyer can look for common terms that might make a contract unenforceable. Standard boilerplate contracts online are full of these potential terms, especially since the law changes, and what was a good contract just a year ago might not be useful anymore.
Fewer Lawsuits
One of the benefits of contracts is that they can save you from lawsuits and other contract disputes by spelling out specific terms and expectations from each party. However, poorly written contracts can do the opposite by providing muddied terms that cause disputes and lead to lawsuits.
By clarifying the language of contracts, a contract lawyer can help you avoid the risk and expense of lawsuits.
Peace of Mind
Peace of mind is invaluable when you’re running a small business. You’ve got enough to worry about:
Can you trust that new manager to run the business properly?
Will you be able to pay your lease this month?
How many people will buy the new product you’re launching?
Being able to put contracts and lawsuits out of mind will make it easier for you to enjoy your days and sleep easy at night.
Free Yourself to Focus on What You Love
Contract law is a complicated area. It takes time to study and learn enough to be able to review your own contracts. Plus, going over your contracts in the degree of detail they demand can also take a lot of time and effort.
If you wanted to spend your time studying contract law and reviewing contracts, you probably would’ve become a lawyer. But you didn’t. Instead, you became a small business owner. Letting a contract lawyer handle the contracts will give you more time to devote to the business that you love.
This is often more than just a question of joy, too. You probably started this business because you have the talent to do things that nobody else can do. Your business depends on you having the time and energy to do that, rather than spending time on contracts.
Save Money
Many people think that hiring a lawyer to do anything is expensive, but the truth is that having a contract lawyer is likely to save you money by:
Avoiding lawsuits
Avoiding penalties
Getting better terms in your contracts
Protecting intellectual property
Helping you get paid
Freeing you to work on the things that only you can do
There are many situations where a poorly written contract will cost you money. A contract lawyer will help you avoid them, which can lead to considerable savings.
Help with Small Business Contracts in Denver
Since 2010, the Law Office of E.C. Lewis has been helping small businesses in the Denver area with their legal needs. This includes comprehensive help as a contract lawyer. She can help your business write contracts, review contracts, and negotiate contracts.
Elizabeth Lewis is dedicated to building relationships with clients. She knows that your small business is a very personal matter for you, and she is very attentive to your needs. Elizabeth will work with you to develop innovative solutions to legal problems that facilitate you running your business the way you want.
Some lawyers may not take your small business seriously, but Elizabeth is a dedicated small business lawyer. That’s her focus, and she has considerable experience with the specific needs of small businesses. She takes a very results-oriented approach and will work hard to ensure your business thrives with strong, well-written contracts.
Please contact the Law Office of E. C. Lewis today to schedule a consultation. We serve clients in Denver and throughout Colorado.
7 Ways to Protect Your Small Business from Lawsuits and Disputes
Building a small business up from nothing is a lot of work. Not only that, but it’s a lot of dreams, and it can be hard to see all your work and dreams destroyed because of a lawsuit or other dispute.
If you are trying to make a small business successful, you should protect it by taking these steps to head off expensive and time-consuming lawsuits and other disputes.
Consult with a Lawyer at Formation
The good news is you can head off many lawsuits and disputes right from the beginning. Consult with a lawyer when you are forming your business about the structure that best suits your situation and goals. At a minimum, a limited liability company (LLC) can protect your personal property from lawsuits directed at the business. Sometimes, though, a corporation is the best structure for getting investors involved, and it can help you avoid disputes by establishing a clear leadership structure and payment schedule for investors.
Your lawyer can also help you lay out important issues like who owns intellectual property that each person brings to the business, and how you determine ownership of intellectual property going forward.
Get Regular Legal Audits
Potential legal issues can come up at any time when you’re operating your business. It’s a good idea to check in with your small business lawyer about the progress of your business to make sure that you have a handle on all the potential legal repercussions of your actions and plans. It’s a good idea to check in at least once a year, but if the conditions of your business are changing fast, you might need to talk more often.
At a minimum, schedule a consultation with your lawyer before you make major changes in the business, such as hiring your first employee, buying commercial property, bringing on a partner or major investor, and more.
Have Your Business Lawyer Review Contracts
In addition to regular legal audits, it’s important to have your business lawyer look at all your contracts before you sign them or ask others to sign them.
Any contract you sign is full of potential grounds for disputes and lawsuits. Letting your lawyer look them over will help you understand what the contract is saying you can be sued for. Then you can decide whether that’s reasonable, and, if it is, make a plan to avoid getting sued for that.
In addition, contracts can be a way to avoid lawsuits. Contracts make expectations clear between you, your business partners, customers, suppliers, employees, and more. This helps avoid disputes caused by people having different expectations about how things should be handled.
Comply with Regulations
Failure to follow regulations can get your company slapped with fines and potentially shut down. It can also lead to lawsuits and other disputes. Failure to build to code, for example, can not only get you in trouble with regulators, but can lead your client to sue you for work that doesn’t meet standards.
We understand that regulations are complicated and understanding which ones apply to your business can be hard. That’s one of the reasons why you should consult with a small business lawyer regularly.
Follow HR Best Practices
Employees are another potential source of disputes and lawsuits. There are many things that can spark disputes with employees, including pay, benefits, hiring, firing, promotions, and more – not to mention the disputes employees have with each other that you can get roped into.
There’s probably no way to completely eliminate these types of lawsuits and disputes. However, following HR best practices can minimize your risks here. Make sure you treat everyone as equitably as possible, and make sure that everyone knows the policies when hired or as soon as you implement them.
Keep Good Records
Another way to head off lawsuits and disputes is by keeping good records. Keeping good records can help you make sure that you are complying with all your obligations to employees, customers, suppliers, and even regulators.
Having good records to reference will also help you avoid disputes. If someone claims that you didn’t fulfill your obligations, you can show them your record of what happened to make it clear that you actually did. Showing people you do business with that you keep careful track of things will make them less likely to try to cheat you, and more likely that you can easily resolve any honest dispute without it turning into a major confrontation.
Likewise, it’s important to keep good records when it comes to dealing with your employees. Keep records of their performance, any praise of them, as well as any complaints about them. Have a record of when you informed them (and potentially reminded them) about any important policies. That way, you can have good support for your actions in terms of promotions, firing, bonuses, and more.
Be a Good Person and Work with Other Good People
It would be naïve to suggest that you can avoid getting sued by being a good person, but the truth is that it can’t hurt. If you treat other people fairly, never try to take advantage of them, and on top of it you are nice to people at the same time, you are less likely to be sued.
If you cheat people, try to cut corners, or try to get more out of a transaction than you are contractually due, people are going to catch on, and then they will come for what they are owed. Being nice also helps – business partners are more likely to let you slide every now and again if there’s some reason why you can’t deliver what you promised.
At the same time, pick your business partners carefully. Do business with people who aren’t constantly looking for a way to hold you over a barrel, and you’re less likely to be sued.
Protect Your Business from Lawsuits
When it comes to avoiding lawsuits and other destructive disputes, a small business lawyer can be your most reliable partner. They can help you understand the potential legal pitfalls of any of your actions, and they can help you avoid them or position yourself for a favorable outcome.
Since 2010, the Law Office of E.C. Lewis has been helping small businesses in and around Denver to navigate the complexities of formation and growth. Elizabeth Lewis is dedicated to developing relationships with her clients and has seen many of them grow from one-person operations into major corporations. Elizabeth is focused on the needs of small businesses, and she can provide the guidance you need to help your business avoid costly lawsuits and disputes.
If you are looking for legal assistance with your small business, please contact the Law Office of E. C. Lewis today to schedule a consultation. We serve clients in Denver and throughout Colorado.
