The following is provided for informational purposes only and is not, nor should it be construed as legal advice.
Information is instantaneously available due to the rise of the internet. Additionally, many services that were not available in the past, including do-it-yourself (DIY) legal forms also exist. As a result, it is tempting to think that the forms provided by these DIY services can be a low-cost substitute for the services of an attorney. The reality is business owners need to be aware that using these one-size-fits-all forms may end up costing your business much more than they save. We know that it may seem self-serving for an attorney to warn of the dangers of using DIY legal forms, but the risks are genuine, and we want you to make an informed decision when weighing your options.
Several years ago, Consumer Report® magazine evaluated the services offered by these DIY legal sites. They first created several types of legal documents using their online forms and then asked three law professors specializing in business, consumer, and estate planning law, to evaluate the documents created. The professors found that the documents were inadequate to meet the needs of most individuals. Furthermore, they were frequently not specific enough to address each user’s unique circumstances and needs or contained language that could lead to unintended results. The results should act as a wake-up call for anyone considering using these services.
Each business is different, and each business owner has different goals and legal needs that should be carefully considered and addressed to enable a business to function optimally and to avoid unnecessary legal trouble. The failure to obtain counsel from a well-qualified business law attorney could lead to several unanticipated costs:
Although using inexpensive DIY legal services may appear to make sense at first glance, a more in-depth look reveals that they could cost your business dearly. In effect, the fees you pay for the DIY legal forms may simply buy you thousands of dollars in legal expenses down the road. We can help ensure that your business is established on a solid legal foundation and uses well-thought-out processes and contracts designed to facilitate smooth business operations by providing legal services designed to address the specific needs of your unique business. Please contact us today to set up a meeting.