Final answer:
Having a lawyer on the team of a small business is important for legal guidance, dispute resolution, and handling important legal processes.
Step-by-step explanation:
As the owner of a small business, having a lawyer on your team is essential for several reasons. Firstly, a lawyer can provide legal guidance and advice on various aspects of running a business, such as drafting contracts, complying with regulations, and protecting intellectual property. Secondly, a lawyer can help navigate any legal disputes or conflicts that may arise, representing the business's interests and ensuring fair resolutions. Lastly, a lawyer can assist with important legal processes like forming a business entity, obtaining licenses, and filing taxes properly.