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Financially Simple Bizcast


The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Mar 14, 2019

In episode 138 of Financially Simple, Justin discusses the L word - Litigation.

No business owner wants to experience it - the possibility of being sued. Justin goes over the What, Why and How of litigation, and explains how best to avoid it and keep your business’s value intact.

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ARTICLE TRANSCRIPT: https://financiallysimple.com/how-to-avoid-lawsuits-your-business-sued/

 

TIME INDEX:

00:42 - Litigation and the effect on a Company’s value

01:30 - What is Litigation?

02:07 - Why are Businesses sued?

02:45 - How long can a Lawsuit last?

03:17 - What does the average Lawsuit cost?

04:52 - The Effect of Litigation Risk on Management Earnings Forecast

07:10 - What you can do to avoid Litigation

09:42 - What do you do if you are sued?

12:03 - Wrap Up

 

USEFUL LINKS:

Financially Simple

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Lawsuits in Small Business

Difference between Lawsuit and Litigation

Three Ways to Lose Your Lawsuit

Litigation 101

Litigation Cost Survey

The Effect of Litigation Risk on Management Earnings Forecast

Avoid Legal Time Bombs

 

Financially Simple podcasts are recorded on:

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Yeti Blue Microphone: https://amzn.to/2VB6V7x

 

DISCLAIMER:

Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.