When I was younger, I didn't really see the point of spending a lot of time worrying about something as silly as liability. However, as my business continued to grow, I started to see the problems with some of our policies. I knew that I needed to consult with some lawyers to figure out how to protect our business, so I began focusing on taking care of things. I wanted to start a new blog to help other people to understand legal concerns, so I made this little website. I hope you can find information on the things you are looking for.
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Keeping a business running means there will be legal issues along the way. From the moment you start creating an enterprise, legal questions start coming into being, even if you haven't built a fully formed entity yet. Sitting down with a business lawyer to iron out common concerns and avoid being blindsided by oddities is important. Looking at these four issues will help you understand why so many clients seek business lawyer services.
Incorporation
Regardless of how you form your company, there will be implications. The structure of a business determines who gets a vote in decision-making, and it dictates how much the company has to report to the government, too. Likewise, a corporate structure determines how you'll be taxed. Without professional guidance, you may end up in a situation where you pay more in taxes than you should and have less control over the business than you expect.
Customer Agreements
The agreements your company enters into with its customers have a wide range of implications. They determine where complaints will be heard, how they might be arbitrated and what liability you'll be exposed to. You need to understand what exactly it is you're promising each customer in the eyes of the law. With the support of a business lawyer, you can tailor agreements to protect your business and better serve your customers.
B2B Interactions
Often as important as entering into deals with customers are the contracts you reach with other organizations. Getting promises in writing will provide you with recourse when a party fails to deliver. Similarly, putting your promises down on paper will foster greater trust in your dealings with other enterprises.
Many B2B deals can be complex. For example, a company might think it has a licensing agreement in place to use a brand or a product. Licensing, however, may be limited by geographic region, applications and even timeframes. Providing licenses of your own also poses challenges. Your business lawyer can verify that you're getting everything you need when your company enters into such arrangements.
Regulatory Compliance
Depending on the industry you're in, there's a good chance you'll be expected to comply with a lot of regulations. It can be hard for one person with no legal experience to understand the implications of all these rules. A business lawyer can help you figure out which regulations apply to your operation and how you can comply with them.
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