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Prepaid Legal Services For Small Businesses - Can Be Beneficial ?
Wiki User
∙ 13y ago
Everybody needs help from time to time, this is true for individuals as well as for businesses. It doesn't matter if the business is large or small, things happen generally when you least expect it and moreso when you are unprepared to remedy the situation. Therefore, it would be beneficial to have attorney services when the need arises.
But if you're a small business owner, you may not have allotted for the expense of having an attorney on retainer for those "just in case" moments. Which is why it's a good thing that , Prepaid Legal Services for Small Businesses do exist. Therefore, legal advice for small businesses does not have to be expensive. With pre-paid legal plans, a wide array of legal services designed specifically to cater to the needs of small businesses is available for a set yearly fee ranging anywhere from $125 to $500.
Although coverage differs across the board, most pre-paid plans offer unlimited telephone consultation with an attorney, a valuable service that is adequate to resolve many small-business matters. This helps to encourage “preventive lawâ€: the process whereby you identify legal problems that affect your business, contact your lawyer and get advice on taking steps to minimize or eliminate them.
Basic plans provide coverage for simple contracts and the drafting of simple legal documents, like a power of attorney or a bill of sale. More comprehensive plans will deal with more elaborate matters like equipment lease and accounts-receivable collection work.
If you are a member of a local chamber of commerce, trade or professional group than you can get a plan at a reduced group rate. Otherwise, you may wish to buy directly from a commercial vendor.
So, do you need the additional expense of prepaid legal services for your small business? Well, I think that goes without saying, because as a business owner you know better than most, the importance of covering your assets - and protecting your business.
[video=]Wiki User
∙ 13y ago
Prepaid legal services can be beneficial for small businesses as they provide access to legal advice and services at a fixed cost. This can help businesses save money on attorney fees and ensure they have legal support when needed. Additionally, prepaid legal services can help small businesses navigate legal complexities and reduce the risk of potential legal issues.
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What types of services does prepaid legal offer?
Prepaid legal offers legal insurance. There are various amounts you can pay for prepaid legal services. It all depends on how much you plan on calling your prepaid lawyer. In most instances you are better of not getting prepaid legal unless you plan on using it ALOT.
What states offer prepaid legal services?
Prepaid legal services (which act much like medical insurance), have been becoming more popular as of late in the United States. As such, prepaid legal services are available in all states.
Where can someone go to find a pre paid lawyer?
You can find prepaid legal services by searching online for providers like LegalShield or Rocket Lawyer. These services typically offer prepaid plans that give you access to a network of attorneys for phone consultations, legal advice, and document review. You can also check with local law firms to see if they offer prepaid legal services.
Should I use prepaid legal services?
Do you have prepaid legal services already? If not, it may be cheaper to go with a regular attorney who can do just what you need them to do. You can get a free consultation with an attorney.
What companies offer prepaid legal as an employee benefit?
There are several companies that offer prepaid legal as an employee benefit, a few of them are: Leo Kolbert, Apple, and even Sprint offers a form of prepaid legal services.
Where can prepaid legal services be obtained?
There are a few companies that offer prepaid legal services. These are individuals that provide limited legal services at a considerably lesser cost than bigger firms. There is a list in the local Yellow Pages.
Where might one find a review of Prepaid Legal Services?
A website called worldlawdirect has detailed information of everything you need to know about prepaid legal services. It also gives you a list of programs in your state.
Learn More About Prepaid Legal Services?
You never know when you may need legal help, and hiring an attorney is expensive. Hourly rates can be as much as $500 an hour. This makes contacting an attorney out of the question for most people's budgets. Prepaid legal services offers you basic legal services within a network of attorneys. You pay a small monthly fee to a prepaid legal service and you have access to attorneys when you need one. This type of insurance can save you hundreds of dollars in future attorney fees. In many states throughout the country, prepaid legal services are regulated like any other type of insurance. Some prepaid legal service providers offer you a choice of attorneys located within a network. These are called closed network prepaid legal services. Other providers offer an open network of prepaid legal services that allow you to choose any attorney. To find a prepaid legal service provider in your area, you can search the Internet. Make sure you understand the type of legal services the prepaid legal service provider offers in your area. Most providers offer basic legal services such as civil claims court representation, drafting legal letters and other basic types of legal service. If you anticipate you need more than basic legal services, talk with the legal service provider to understand what is available. Prepaid legal services are a great idea because, like any other type of insurance, you cannot anticipate what might happen in your future. An experienced attorney can advice you in legal matters that can save you money. If you are a business owner, obtaining prepaid legal services can help you make business decisions that can affect your business. The convenience of having access to legal advice can give you peace of mind, and the confidence of knowing that you have legal counsel available in your defense. Prepaid legal service providers offer small monthly payment plans. Be sure you understand their services before signing a contract. Not all prepaid legal service providers offer the exact same type of service. Research the prepaid legal service providers in your area, and contact several companies before choosing a provider.
What quality are pre-paid legal services lawyers?
The Lawyers that PrePaid Legal Services, Inc. uses are the top A/V rated Lawyers. The Law Firms interview for the job and must not have any black marks. The lawyers care about the people that are members of Prepaid Legal Services, They do not have to worry about the money because PrePaid Legal Service Pays them well, so you get a very good lawyer for a small monthly membership fee. Being a PrePaid Legal Attorney, they can do what they became Lawyers to do, help people.
How does prepaid legal work?
from what i have read online prepaid legal appears to be somewhat like an insurance plan. assuming, you pay monthly installments for legal services you may need in the present or future.
Business Legal Services?
Business legal services refers to legal providers offering services specifically for businesses. Business legal service providers specialize in the laws that govern owning and operating a business, which are very different from laws and regulations for individuals and families. These types of legal services provide a variety of services for businesses.
How can one tell if prepaid legal services are a scam?
Prepaid legal services often come with a contract with lots of type in small fonts. Reading the whole contract thoroughly and carefully will make clear whether or not the service is a scam.
