The Best Time for a Small Business to Get a Lawyer

question 140

Multiple Choice

The best time for a small business to get a lawyer is ______.

• A) when the business is in trouble
• B) during court hearings
• C) when writing the business plan
• D) while the business is still an idea

---

Definitions:

Valuation

The process of determining the current worth of an asset or a company.

Market Prices

Refers to the current price at which an asset or service can be bought or sold in a given market.

Trend Analysis

An analysis of a firm’s financial ratios over time. It is used to estimate the likelihood of improvement or deterioration in its financial situation.

Analyzing

The process of examining data, documents, or operations to understand patterns, identify trends, and derive meaningful insights.