Legal Insight Decision Making for Small Business and Entrepreneurs: A Judicious Approach.
This paper addresses the gaps in legal insight and decision-making for small business and entrepreneurs and describes the implications of correlative judicial remedies for these issues. Summary findings of empirical studies of preventable problems faced by business are juxtaposed against a discrete analysis of relevant United States Supreme Court decisions involving these same business interests. Finally, a more judicious solution to improve legal insight and decision-making is proposed; this alternative model, called a Legal Audit, is advanced to first elevate legal insight and decision making, and then to diagnose and address flawed legal practices which create significant legal problems. The paper ends with a call for further inquiry of sustainable legal decision making and minimal acceptable standards for the concept LIDM or Legal Insight Decision Making. INTRODUCTION