Why Startups Are Particularly Vulnerable to Liability and Lawsuits
The small business, startup, and entrepreneur community is not only arguably the most vital, valuable, and exciting branch of the economy, it’s also an incredibly important driver of innovation, creativity, and technological advancement. Which is why the perpetuation of startup culture is so important. And that culture’s health and longevity relies on those startups being established, becoming successful, and staying in business. Unfortunately, many of the features that are responsible for startups being so dynamic and groundbreaking can make them uniquely vulnerable to devastating lawsuits. A lack of experience, innocent mistakes, jittery investors and stockholders, and plain bad luck can spell disaster for a startup, even one that is otherwise successful. Thankfully, there are steps the founders, officers, and management of a startup can take to mitigate or even alleviate their vulnerability. Steps that can mean the difference between the success or failure of a