# The Importance of Legal Services for Small Businesses in the Digital Age
During the Covid-19 pandemic, many businesses with legal counsel were able to receive and have their Paycheck Protection Program (PPP) funds forgiven, due to the complexities and potential liabilities involved. Now, the availability of online legal tools is making it easier for businesses of all sizes to access the legal help they need.
## When to Seek Legal Advice
There are several key moments in the lifecycle of a business when seeking legal advice is crucial. These include:
– When starting a business
– When forming an LLC with partners
– When deciding on the type of corporate entity
– When needing intellectual property protection, among other concerns
## Enhancements in Online Legal Services
The integration of AI technology into online legal services is revolutionizing the industry. Tools like Rocket Copilot from Rocket Lawyer are now available to help business owners establish and protect their business names. This AI-powered tool guides users through the naming and incorporation process, providing them with a step-by-step approach to choosing and protecting an appropriate name for their business.
## Regulatory Oversight of AI Legal Tools
As the use of AI in legal services becomes more widespread, regulatory oversight is increasing globally. In response, some states like Arizona and Utah are exploring the acceptance of alternative business structures (ABS) that allow lawyers and non-lawyers to provide certain legal services. Companies like SimpleCitizen are leveraging generative AI alongside lawyers to automate routine legal tasks and provide lower cost legal services.
## The Future of Online and AI Legal Services
The use of AI in the legal profession is becoming increasingly prevalent, with lawyers themselves using AI tools to draft documents. The future of online legal services will likely see more affordable and accessible options for all Americans. However, it is still advisable to meet with a lawyer in person or via online video and conduct a thorough background check before engaging their services.
In conclusion, seeking legal advice and services is a crucial step for all businesses, both small and large. Utilizing the advancements in online and AI legal tools can provide affordable options, but it is essential to exercise caution and due diligence to ensure the best outcomes for legal matters.
By leveraging these tools, small businesses can ensure they have access to the legal help they need, thus reducing the risk of future legal complications and ensuring a solid foundation for future growth.
Remember, when it comes to starting and running a business, seeking the advice of a qualified lawyer is an essential investment that can help prevent costly litigation and other legal complications in the long run.