As discussed in last week’s entry, setting up the wrong type of business and infighting between owners lead to legal trouble. Going further on this topic I also feel that many legal issues come from ignorance. Specially ignorance of legal requirements and how severe the impact or fines can be. Most new entrepreneurs are just trying to grow their business and it takes time to learn the legal nuances around items such as worker’s comp insurance, handling Personal Identifiable Information and taxes. Professional guidance is often worth the investment in this area, however assistance from a mentor would also be beneficial.