You will face an array of regulations, from premises liability to business and professional codes, corporate laws, commercial laws, and many other areas of law. You do not want to get caught off guard, so it is important to familiarize yourself with business law. This is where you need to find yourself good legal counsel.
You may find it a challenge to get someone that will be dedicated to you and that you can fully trust and rely on –a dilemma many businesses face. Small business lawyers at Gehres Law Group, P.C. have been providing companies with tools necessary to avoid costly violations, and providing advice in various areas of commercial law. It is the aim of this law firm to minimize your exposure to liability allowing your business to grow and prosper.
Most common legal mistakes that can sink a company
Not getting a patent, copyright or trademark. Failing to take the necessary steps to protect your intellectual property can lead to another company stepping in and taking it.
Not remitting payroll tax (or sales tax) to government agencies. As a small business, you must legally collect payroll and sales taxes. Not remitting these monies to government agencies will get your small business shut down.
Not protecting the customer data on their website. Your small business is at greater risk of being hacked. The problem is not just the website going down, but the possible loss of sensitive customer data, which can lead to lawsuits.
No human resource guidelines. Your small company can get in trouble because you do not have employee manuals to guide the conduct of the team. There are famous examples of very successful companies going bankrupt over lawsuits from former employees.
Too many small businesses fail to establish the right legal structure for their company. At some point, this will hurt you because you want to get outside investors, founders leave or you get sued by a customer or employee. Not having the right legal structure can open you up for personal liability. This can interfere with your estate planning. Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life and at and after death. For legal consultation, you can turn to Gehres Law group – Estate planning
Talking trash about your competition
The temptation for you as a small business to talk trash about your competitors publicly or anonymously on the web is growing. Be careful not to libel them.
Filing too many lawsuits
People get angry and sue each other. This ends up costing both sides a lot of money and takes the decision out of their hands. A better solution is always to negotiate rather than litigate.
Here is a list of legal concerns you may face daily and will need good counsel in order to avoid liability:
- E-commerce Laws
- Business and Professions Code
- Local Business Regulations
- Employee Related Laws and Regulations
- Trademark and Copyright Laws
It is therefore in your best interest to hire the best representation in order to avoid liability.