Real Estate – 24 employees
The Effect of the Legal Problem on the Business. Legal issues can have major impact on a small business. Among the results:
Loss of income – 25.6 percent
Loss of customer or contract – 9.2 percent
Additional costs – 8.8 percent
Damage to reputation – 8 percent
Damage to relationship with another business – 7.4 percent
Inability to take on new work – 5.2 percent
Damage to property – 1.9 percent
Change in ownership/structure of the business – 1.9 percent
Loss of employees (other than through dismissal) – 1.8 percent
Cease in trading – 1.8 percent
The Effect of the Legal Problem on People. Small business is inherently personal; legal issues hit harder when they threaten your livelihood or your family’s legacy. Sixteen percent of respondents said that in the wake of a legal problem, they felt stress-related illness; five percent said they felt ill physically; four percent had a mental health issue; and 20 percent felt any com
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