Factors that aren’t considered in the BLL

We understand that taking any legal advice can feel risky and scary. The Business Legal Lifecycle Legal Risk Assessment is designed to help business owners identify where they are in the lifecycle, their legal risks and help plan for the future. Clearly no assessment can identify every single legal risk in a business. What we have developed is a risk assessment that identifies the high level common legal risks that exist in businesses.

How you can use it to better work with your lawyer

It doesn’t matter how long you have had the relationship with your lawyer there will be aspects of your business that your lawyer doesn’t know about. There are also going to be areas of the law that you don’t know could be a problem.

What are some of the things that aren’t considered in the assessment?

Firstly, your personal circumstances aren’t considered. The assessment simply cannot take into account your own situation and circumstances. It is for this reason that the report that you receive is high level advice that you implement with your lawyer.

Secondly, we don’t consider areas such as business licences and specifics to the type of business that you are operating. Creating an assessment that considers all of these areas would be a massive tool that would be completely useless for you because it would be too long and detailed.

Next, we don’t consider how you should respond to other parties to a dispute. Again that would be specific and would not be in a tool that could be automated so that you can identify the risks.

Of course with any assessment there are limitations. You need to identify that these limitations exist and that the purpose of the assessment is to cover the majority of high level issues in your business.

About Business Legal Lifecycle

At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment and Education Course to help you to understand the law without a law degree. It is often difficult to understand the costs that you will save by taking a proactive approach (by its very nature a proactive approach saves you money that you would otherwise spend) but trust us that the savings are huge.

By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.

Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.

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