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In this episode of The Small Business Big Insights Podcast, Eric sits down with litigation lawyer Margot Pomerleau to explore the legal risks that small and medium business owners often overlook. Margot shares why documenting deals matters more than most entrepreneurs think, how failing to get proper advice early can cost you significantly more later, and the most common mistakes she sees in contracts, hiring, firing, and business partnerships. She breaks down what actually happens when a lawsuit begins, how evidence is collected, and why putting pen to paper can be the difference between winning and losing a case.

Margot also explains how business owners can avoid unnecessary legal trouble by setting realistic goals, avoiding unplanned expansions, and resisting the temptation to dabble in industries they do not fully understand. From mismanaged projects to bad investment advice, she walks through real situations that lead clients to her door and shares practical insight on how to avoid similar problems. This candid conversation will give business owners a clearer view of their legal rights and responsibilities and provide valuable tools to protect their companies before issues arise.

Timestamps
00:00 Introduction and episode overview
00:36 Meet Margot Pomerleau
01:26 What makes a strong litigator
03:35 Navigating client emotions and expectations
06:49 What business owners do not want to hear
08:31 The cost of ignoring legal advice
10:23 The biggest legal mistake owners make
12:33 Why documenting everything matters
16:01 What happens when you sue someone
19:57 How evidence and examinations work
23:59 Why full honesty with your lawyer is critical
26:21 The litigator’s role during a dispute
33:46 Suing financial advisors and investment loss cases
39:13 Controversial thoughts on scaling and risk
44:53 Final thoughts and how to connect with Margot