What Business Owners Need to Know Before Filing a Lawsuit | Legal Tips That Save Time & Money

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If you are considering filing a lawsuit, make sure you listen to these tips because they may save you a bunch of time and money. Here's what I tell my clients before they file a lawsuit. First,

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you want to make sure that you've properly allocated a budget and time and resources for the lawsuit before you get started. Because a lawsuit is like going to the beach and deciding you're

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going to swim out for a mile. The reality is, if you're going to swim out for a mile, you want to make sure you can swim back for a whole mile. Because if you swim out for a mile and only swim

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back for three quarters of a mile, that's going to be a problem because you're going to drown.

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You don't want that. You want to make sure you plan ahead of time. You want to plan your energy,

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your resources to make sure that you can make the swim out and the swim back. And a good attorney

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should be able to help you think through that swim before you start on it. They want to be able

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to help you think through the potential issues, the potential costs, and the potential challenges

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before you start down that journey. Also, as you're going through filing a lawsuit, you want

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to make sure you understand the process and you also want to make sure that you have thought about

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the reality of the other side filing a countersuit, meaning suing you back. Most of the time

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with any kind of business dispute, especially, you're going to have a countersuit. The other

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side is going to sue you back. Now, almost always, I advise my clients to go ahead and file a countersuit

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whenever there's some kind of business dispute. Here's why. Because there is this old

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saying that good defense wins games. Well, sure, that could be true if you've got a good offense.

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That statement is only true if you've got a good offense because defense doesn't score points.

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It's offense that scores points. So, you want to make sure that you've got a great defense, but you

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also want to make sure you've got a great offense. So, you want to be prepared with a countersuit if

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you're being sued, or if you're suing the other side you want to be fully prepared with the

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other side bringing some kind of countersuit. So, you want to talk through these things with

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your attorney ahead of time to anticipate what the countersuit claims might be and what the

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viability of those claims might be because they might be able to bring some potentially legitimate

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claims that you have not thought about and you want to think about them before you start the

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swim into the ocean. If you've got more questions about this, please contact me and my team. Reach

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out to us because we're happy to help you as we have with hundreds and hundreds of business

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owners so that you are fully prepared for this stressful and what can be time consuming process.