The business world is not always easy and it is not always pleasant. If you find yourself in a difficult situation, in fact, you might need legal help before you make your next step. If, for instance, you are considering a partnership dissolution it is important to understand all of the legal ramifications and the papers that need to be filed. Likewise, if you are considering bankruptcy filings it is important to get the legal help that you need. With experienced legal representation you can understand the steps that you need to take in order to have the easiest transition into the next phase of your business and your life.
Legal Representatives and Arbitrators Can Help You Navigate Difficult Situations
Whether you are facing a problem that has to do with employment law or real estate disputes, it is always in your best interest to get the help that you need sooner rather than later. With a team of attorneys who specialize in the kind of case that you are facing you can feel more confident that you are considering all of the available options and that you are making an informed decision. Even when things are tough, knowing that you can get the advice of someone, or a team of someone’s, who has dealt with similar situations can make you feel more confident in any decisions that you are making.
Often times partnership dissolutions also involve some kind of bankruptcy process. And while these can be stressful times, it is important to realize that this is not uncommon. In fact, approximately 90% of all Chapter 11 debtors have less than $10 million in assets or liabilities, less than $10 million in annual revenues, and 50 or fewer employees. This statistic is an indicator that even the smallest of businesses can face legal and financial challenges.
Although there was a time in the past when handling your own legal work may have been easier, that is definitely no longer the case. For instance, 11.5% of federal civil cases in 1962 went to trial. Today, however, experts say the percentage of civil cases that actually reach trial in the Federal courts is estimated to be only 1%. The reason that so many of these cases are settled out of court, of course, is that lawyers are able to help their clients navigate even the most difficult business problems.