You have taken the Business Legal Lifecycle Risk Assessment and have your report. What now? The report is the first step in setting out what you need to do for the future success of your business. It defines your legal risks and the steps that you need to take to reduce the legal risks in your business. In this article I will go through the next steps that you need to take with your Report.
Read it thoroughly
The report is written in plain English and defines for you where your business is in the Business Legal Lifecycle. What your risks are in your business and what you need to do in the future. Reading through the report will give you an understanding of what legal risks there are in your business so that you can make a judgement call as to your level of risk. Understanding exactly what it is that you need to do in your business and why it is important is essential. If you would like to learn more there are lots of great resources on our site that explain all of the different aspect of the lifecycle. You can also take our education course here to learn more about what you need to do.
Take it to your lawyer
Understanding exactly what it is that you need to do and why is crucial before you take it to your lawyer. This will empower you with the knowledge of what and why these legal risks are important so that when you meet with your lawyer you can properly implement what is needed in your business. If you don’t have a lawyer we can refer you to a lawyer that will be able to assist you in implementing the recommendations in the report for your business.
The step of taking it to a lawyer can often be skipped because you may be tempted to just try and do the work yourself. This is a mistake as a lawyer will be able to properly help you implement the right steps to protect your business. It will cost you a lot more to do that then to invest in a lawyer to assist you in implementing the reports recommendations.
Plan for the future
When reading the report you will notice that the last part of the report helps you to understand what it is that you will need to do in the future for your business. This is where we describe the next phase after your current phase so that you can understand its requirements. The reason that we included this section is for you to plan for the future and what is coming next for you and your business. I recommend that you read that report and then revisit it in the next 3 to 6 months to make sure that you are taking the necessary steps to reduce your legal risk.
The Business Legal Lifecycle Legal Risk Assessment is a tool that takes about 10 minutes to complete by answering 31 questions about your business. It provides a report that sets out the legal risks in your business and what you need to do to protect them, why you need to prevent those legal risks and a plan for the future of your business. Importantly you can take it to your lawyer to then do the work that they are good at, preventing those legal risks within your business and you get all of this without the cost of a lawyer preparing the report in the first place.
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.