If you are one of the many people across this great country of ours that is going to start their very own business, then you are to be congratulated for that because we are living in quite unique times. The business landscape has changed and there are a lot more fences that need to be negotiated when it comes to building a successful enterprise. There is no doubt that it is an exciting time for you but you need to be aware that you are going to run into issues that may involve the law. As a business owner you are liable for certain things and there are legal consequences as a direct result if you don’t follow the rules.
Nobody expects you to be able to understand all of these rules and so this is why it always makes sense to have a lawyer at the end of the phone for such things as conveyancing, commercial Law and even franchise law. Having a lawyer actually helps your business to avoid legal issues before they come up and so they pay for themselves in no time at all. It is your job to grow your business and to increase your customer base and so you should be enjoying the many reasons for hiring a business lawyer.
– They prevent lawsuits – If there was ever a reason for having a business lawyer then this would definitely be it. No business owner wants to find themselves in a situation where they have to go to court due to a customer complaint or a wholesaler taking them to court due to non-payment. It will be your business lawyer’s job to make sure that you never find yourself in a situation such as this and they will make sure that everything is in place to protect you legally in the event of any problems.
They assist with business structure – It’s likely that you will start your enterprise as a sole trader and so you are leaving yourself open to all kinds of liabilities when you do something such as this. Your business lawyer will encourage you to set up a limited business and to register it as well. Your lawyer will also help to explain about your tax obligations and your employee obligations as well. They have been providing advice to businesses such as yours from many years now and so they are invaluable in this regard.
It’s always better to have a business lawyer before you need one much later down the line because you are not aware of the business obligations that you were getting yourself into.