As an owner of a business, you will probably at some point have to go through some form of legal action; whether it is generated by an issue with your business practices or a problem with employees. In both of these cases finding good legal advice is the first step towards understanding the risk that you are exposed to. In fact, understanding it before you actually need it is a good step towards minimising the risk involved with running a business, at least from a legal stand point. Of course, even with a full understanding of your legal standpoint, it is impossible to run a business and be completely void of risk. Situations arise which are beyond your control, and dealing with them quickly becomes a priority. Few things can endanger a business, particularly small businesses, like an unexpected legal diversion. What all of the legal consultants will tell you, is that, keeping detailed records of all internal and eternal business matters, is the first step towards insulating your business from serious legal matters. This encompasses the issues that regularly arise from employment and from business transactions.