New Business? Here’s How You Can Avoid Legal Trouble
Are you launching a new business? Make sure you understand the legal steps you need to take as you get started.
Launching a business is an incredible experience. Whether you’ve created companies before or this is your first time launching an organization you started yourself, it’s important that you understand the legal side of business creation and management. Ensuring that your business is following local and federal laws can ensure that your company has a smooth launch and that you’re able to manage your business effectively. Whether you’re starting an eSports company and will work remotely or you’re creating a brick-and-mortar storefront, it’s vital that you carefully prepare your company prior to launch. Careful planning can smooth out any problem areas long before you start dealing with customers. Here’s what you need to know about getting ready and avoiding legal entanglements that could harm your company.
First off, it’s important that you understand the products, goods, and services you’re going to be offering. Once you understand what your goals are as a company, you’ll be able to ensure that you meet both local and federal guidelines required to reach those goals. For example, if you’re creating a digital real estate company, you’ll want to make sure you understand the local and federal laws regarding advertising related to real estate. If you want to open a massage company, you’ll need to ensure that you understand the licensing that’s required for both your building and your employees. Once you understand what is required of you, you’ll be able to take the steps necessary to make sure your company meets and follows those regulations.
Secondly, you need to make sure you have employment contracts in place for anyone you plan to hire. Employment contracts do more than just state you’re hiring someone. They also ensure that both you and your team members know exactly what is expected of them. You can expand your employee contracts to include important details about the terms of employment, including non-disclosure agreements, vacation days, and raises. You can include details regarding hours worked and sick days. Additionally, employment contracts can clearly detail the length of employment and what the terms of contract termination are. You can even outline how you’ll handle employee disputes or problems.
Finally, make sure you consult with an attorney before you launch your company. Your business lawyer will be able to examine your business and marketing plans and talk with you about potential pitfalls or trouble you might encounter. Your attorney can discuss your business with you and help you to carefully prepare for filing your business taxes, acquiring proper licensing, and evaluating your team. They can help you protect your intellectual property, guide you through dealing with trademarks and copyright, and answer all of your questions related to your business launch.
When you’re ready to create a new business, always reach out to schedule an appointment with your business lawyer. They will help you get started and can guide you as you prepare for a fantastic future.