Understanding LegalShield and IDShield for Small Business Owners

LegalShield: A Resource for Small Businesses

• LegalShield has been providing resources for nearly 50 years to help small businesses navigate new working conditions, environments, and legislation.

• The company ensures equal access to the justice system by offering top-quality law firm services to over 4 million lives and 140,000 businesses in the United States and Canada.

• Members pay a small monthly fee, which is used to pre-pay the law firms in advance, allowing them to serve the members without the worry of expensive legal fees.

• LegalShield is a disruptive innovator in the legal industry, similar to Amazon and Spotify in the shopping and music industries respectively, providing access to justice through a subscription-based model.

LegalShield: A Resource for Small Businesses

Solving Legal Issues for Small Businesses

• Small businesses often face legal challenges such as contract and document review, disputes with contractors or suppliers, product liability concerns, HR and employee-related matters, consumer lawsuits, tax issues, debt collection, and internet security breaches.

• In today's uncertain world, these traditional legal issues have become even more complex, requiring risk mitigation, commercial leasing and equipment leasing, new HR-related concerns, funding and cash flow management, and compliance with new legislation and policies.

• Having unlimited access to consultation for day-to-day legal questions, assistance with contract review, debt collection, employee handbooks, IRS audits, lawsuit defense, cyber protection, and business planning strategies could greatly benefit small business owners.

• By paying a monthly fee instead of hourly rates, small business owners can access a law firm to help them navigate these legal challenges, renew commercial leases, manage debt collection, address employee hiring and firing, and utilize contracts effectively.

Solving Legal Issues for Small Businesses

Tailored Small Business Plans

• The company offers tailored fit plans for small businesses, customized to fit specific business needs and budgets.

• The portfolio includes essentials, plus, and pro plans, with a focus on providing value for small businesses.

• The pro plan, for example, costs $169 per month and includes trial defense for business at $14.95, totaling $183.95.

• With Legal Shield, this premium offers unlimited advice and consultation for business-related questions and concerns.

• The plan also extends to up to five authorized users, providing support for partners and employees in making qualified decisions.

• Additionally, the law firm will write letters and make phone calls on behalf of the business, up to 40 per year, addressing contracts and documents.

Tailored Small Business Plans

Complete Business Protection and Support

• The business protection plan includes assistance in collecting debts, protecting intellectual property through trademarks or copyrights, and updating employee handbooks.

• It also provides 100 hours of trial defense in the event of a business being sued, along with access to business consultants for marketing, advertising, customer acquisition, retention, and business plan strategies.

• Furthermore, the plan offers a web builder with e-commerce integration, business legal forms, and a CRM as part of the business plus supplement.

• With the increasing threat of cyber crime, the plan includes ID shield for business, which has seen a 400% increase in cyber crime from March 2020 to March 2021, with 76% of the victims being small businesses.

• The cyber protection plan includes proactive and restorative measures, monthly network scanning, and a $100,000 cyber security protection plan to safeguard traditional businesses.

Complete Business Protection and Support

Legal and Identity Protection Plan

• LegalShield offers a family plan that provides access to attorneys for personal matters.

• Independent business owners without employees or partners can add business-related features to their plan for an additional $14.95, which covers business questions, contracts, letters, phone calls, and IRS schedule C audit protection.

• Identity theft protection includes monitoring personal information like name, address, social security, and financial accounts, with prompt alerts for any unusual activity.

• Comprehensive restoration services are available if identity theft occurs, and new features like privacy management, consultation, VPN, malware protection, and password manager have been added to the IDShield plan.

• LegalShield and IDShield plans also cover the entire family, offer credit counseling, education, employee benefits, member perks, and legal forms, all with collective buying power.

Legal and Identity Protection Plan

Conclusion:

LegalShield and IDShield provide essential legal and identity protection for small business owners, offering tailored plans, complete business protection, and various legal services tailored to the needs of small businesses. Understanding and utilizing these resources can help small business owners navigate and mitigate legal challenges effectively.