There are three general types of legal business issues that a new company may encounter: major transactions, such as a loan, which reviews your financial past; Changes in regulations that require changes in business operation manuals and general contracts; In addition to, continuous regulatory compliance. A common pitfall for most legal business owners is generally poor cash management. Understanding the basics of cash flow will help you plan for the unexpected occurrences that all companies face. In essence, you should trust the advice of your lawyers and accountants to help you make legal business decisions. Check your phone book or online for a small business attorney near you.