Taking the leap into business ownership certainly has its perks. You get
to control your career, your income, and your family’s financial
future. While the advantages are many, you cannot enjoy the fruits of
your labor unless your business is legally sound and well-insulated from lawsuits.
Once you establish a business, it makes sense to understand the legal issues
that impact the viability of your company. While not all legal matters
need to be addressed by a
business lawyer, you are required to understand them.
Still, the vast majority of business owners will agree that the best way
to protect one’s business is to seek guidance from a qualified attorney.
Here are some topics that we can help you address:
- Buying a business
- Business contracts
- The best way to start your business
- Choosing the right business structure
- Registering your business
- Acquiring a business license
- Business taxes
- Hiring employees
- Labor laws
- State business laws and regulations
- Healthcare requirements
- Workers’ compensation requirements
Whether you are
starting a business, it can be rewarding and surprising at the same time, but you don’t
want a lawsuit to be one of those surprises.
If you ask other business owners about what they wish they had done in
the beginning, often they will say that they wish they had an ironclad
contract that gave them legal recourse when a client refused to pay for their products
or services as agreed.
Other legal issues to be considered include: trademarks, non-disclosure
agreements, misclassifying employees, intellectual property rights, accounting
and finance, and international trademarks.
When going into business there are a number of legal issues that should
not be overlooked. For the novice entrepreneur, they may not know which
questions to ask or which actions to take.
Generally, business practices are closely regulated, and government oversight
ensures that companies are in compliance with all state and federal laws.
In effect, the business owner needs to be acclimated with all applicable
laws, otherwise they stand to encounter costly legal challenges.
At Rifkind Patrick LLC, we are committed to helping entrepreneurs and business
owners navigate through complex
litigation issues. With over
40 years of combined experience, our Chicago business law attorneys are qualified to guide you every step
of the way.
Call (312) 313-0234 to learn how we can help you achieve your goals.