Since the reform and opening-up 20 years ago, the small and medium-sized enterprises with zero level have been increasingly developing from infancy to maturity and become the most active and indispensable constituent in the national economy. However, with the heated market competition, the legal risks encountered by them have also been quite stern. It has become the main capacity for these enterprises to guard and make management of these risks more effectively.On the basis of the theories of Venture management and Flow Management, this article tries to find the way to utilize them effectively into the scope of venture management for the enterprises laws. In order to understand thoroughly the present situation and the main problems in the Venture management and legal venture management, this article makes investigation on some small and medium-sized enterprises and makes relevant analysis on those results on the practical basis. Some problems and looseness on the management of legal risks existing in these enterprises have been discussed. Furthermore relative proposals and solutions also will be put forward.This article aims at discovering those existent problems by analyzing the legal risks in the middle and small—sized enterprises. Only in this way can some effective proposals and schemes be found out in the building-up of the guarding system for the legal risks. This will surely supply some benefits for the healthy growth of those small and middle—sized enterprises.
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