Workers Compensation Attorneys
As a trusted and knowledgeable business lawyer in Melbourne, FL, we have years of experience in helping clients to find the right solutions for their business needs. Our years of experience have enabled us to assist clients in identifying common mistakes made by business owners. We have successfully helped small businesses, startups, individually ran companies, and also companies of all sizes. Often, our clients come to us because their legal knowledge was limited, and they were vulnerable to making a mistake. A business lawyer can review your strategy and any important documentation to ensure it covers your interests, rights, and overall business. If you would like to know more about how we can help you, please call us today.
What are the common mistakes made by a small business owner?
Structuring the Wrong Business Entity – This is the most common business mistake made by a small business owner. Many people will structure their business as a sole proprietorship without considering their other options. Just because they might be conducting business on their own does not mean a sole proprietorship is an ideal structure.
Failure to Consider Intellectual Property – If you have created a logo, slogan, or anything else unique, it is important to ask a business lawyer whether or not you should consider intellectual property protection. Failure to do this can result in another party using your creation, or you could be blamed for stealing it from the party who might have stolen it from you.
Working Without a Contract – If you are planning to work with different vendors, you should have a contract in place, or at the minimum, a valid agreement. Without any proof of an agreement, you may risk your objectives that were included in the contract.
Failure to Draft an Employee Handbook or Agreement – If you are going to hire employees, you should plan on having a sound employee agreement or handbook. This serves as the foundation for your business-employee relationship. Without this documentation, you may find yourself in a vulnerable situation that could result in legal disputes. Your business lawyer can help you to understand what you need and what is optional.
Dealing with a Business Dispute Without a Lawyer – In the event that you become involved in a business dispute, you might feel inclined to resolve the issue on your own. This is not advisable. Not only could you risk your business and finances, but you may end up needing a legal advocate anyways.
Call and Speak with a Business Lawyer
Regardless of how small or big your business might be, it is advisable to speak with a business lawyer. If your business is large, or you have an ample amount of staff, having a business lawyer on retainer or working at your office may be a good idea.
Thanks to Arcadier, Biggie & Wood, PLLC for their insight into business law.