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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

The conversations in this podcast, including those with Margot Pomerleau, are for informational and entertainment purposes only. Nothing discussed should be taken as legal advice. If you have questions about your specific situation, you should consult with a qualified attorney or other appropriate professional. The hosts and guests make no guarantees about the accuracy or completeness of any information shared.