While an overwhelming 85 percent of small business owners believe that 2012 will be a better year for business than the previous year, a new Rocket Lawyer survey also uncovered challenges that concern these employers. When asked about the hardest part of running a small business, dealing with legal issues was the most common response (29 percent), outranking other responses including managing profit (26 percent) and staying ahead of competition (19 percent).
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Download NowThe survey shows that, along with a bright outlook for 2012, small business owners are mindful of the additional legal issues and risks they will encounter as their businesses grow, such as hiring new employees, staying compliant with HR laws, entering into new business contracts, and upgrading to new office spaces, says a press release.
"As small business owners take bigger risks and start spending again to capitalize on new opportunities, staying on top of potential legal issues is more important than ever," said Charley Moore, founder and executive chairman of Rocket Lawyer. "Adapting from a mindset of preservation to one of growth means business owners have to be aware of their legal opportunities, as well as risks ….”