Legal Issues for Small Business Start-Ups
Legal issues at start-up are often confusing. Mary times this will be your first foray into the business world. There are two main places where legal issues should be explored with an attorney.
Legal Issues With Business Type
Before starting you business it is wise to discuss all of the legal issues surrounding the type of business you decide to open. Sole proprietorships, partnerships, and corporations all have different legals issues that will have a bearing on your final decision. Talking to a lawyer about your options is time and money well spent.
Legal Issues With Agreements and Contracts
The second area where legal advice is recommended is with putting together your contracts and agreements. You should have your attorney review these documents, ensure they are binding, and discuss any legal issues that might arise from them.
You want these agreements to be enforceable and you want to avoid costly legal issues down the road. Have your attorney help you with legal issues regarding disclaimers, data loss and liability.
The Bottom Line on Legal Issues
Legal issues require a proactive approach. Business start-up is the time to explore your legal options and work out the potential legal issues that you might face. Decide what type of business you want to operate and then draw-up solid agreements and contracts. The time you spend early on will help you avoid costly legal issues down the road.