Most companies would--and do--retain lawyers to answer regulators' questions. Particularly when in respect of a new law, and doubly so given the political uncertainty currently present across the Continent. Naturally, one is free to self represent with regulators as one is in a court.
This is not America. We do not regularly put people/companies into bankruptcy just because we can.
You have much, much bigger things to worry about as a small company. You could have your bank cut you off because you’re suddenly deemed too risky - happens every day. You could run into a contractual dispute that drags out for years and costs you tens of thousands of euros. You could violate a patent you never knew about. Your supplier goes bust just after you’ve spent weeks negotiating a large order, and now you don’t have enough inventory. You could perform some action or inaction that results in injury to someone, and your insurance could refuse to pay out. It turns out that one of the products you sell kills people, and the Government decides to take you to court over it. Your customers might fail to make good on any credit you give them. One of your key employees could develop a chronic, life-changing illness. You didn’t realise that some tax or other applied to you, and now you’re not making enough money to stay afloat. As a business owner, have you worried about any of these things as much as the GDPR?
> If a country in the EU choose to make an example of my company for whatever reason would would be preventing them from doing that?
GDPR states all fines need to be proportionate.
Look at all the food serving establishments: almost none of them have a lawyer to check they're compliant with food hygiene regulation.
Look at all the companies who advertise: almost none of them have a lawyer to check if they're compliant with advertising regs.
No, it doesn't. It requires you to answer the questions the regulator asks, and to see if you're currently following the guidance the regulator gives you.