Breaking Legal News & Current Law Headlines | Daily Legal Briefing
  • Home
  • Hot Topics
  • Breaking
  • Business
  • Big Law
  • Small Law
  • Law School
  • Legal Tech
No Result
View All Result
No Result
View All Result
Breaking Legal News & Current Law Headlines | Daily Legal Briefing
No Result
View All Result
Home Business

Avoid Legal Problems Within Your Business

Daily Legal Briefing by Daily Legal Briefing
January 20, 2022
in Business
0
Avoid Legal Problems Within Your Business
4
SHARES
32
VIEWS
Share on FacebookShare on Twitter


Do you have a friend or family member who has successfully run their own business from the ground up? You should ask them if they can set time aside to answer some of your biggest questions.


When you start your own business you will see that there are many different aspects of the business that need to be taken care of. You may have heard or noticed that a lot of small businesses fail within the first year of opening. You may wonder why. Even well-intentioned people make small mistakes that turn bigger and they end up in legal trouble. Continue reading for tips on how to avoid these legal issues in business.

Enforce Online Standards

It is definitely worth the time and effort to build and maintain a website for your business. This allows your small business to be visible at all times. However, once the website is built, you will need to research and enforce online standards and terms and conditions. If you are considering wholesale distribution or any other type of online sales, it is worth the investment to pay legal counsel to regularly review your online sales of purchase terms. This will ensure that you are doing smart business, and most importantly, legal transactions. These laws can vary from state to state, but most laws are well developed.

Keep Confidential Things Private

You may be hiring employees or assistants to help run your business with or for you. It is normal for you to ask that your employees and business partners keep certain things about your business confidential. In order for this to work properly, you must ask yourself and acknowledge what exactly do you want to keep confidential? Realistically, not everything within your business is personal. You may believe that your customer list is protected, but do you list well-known customers on your website or advertisements? You have to be intentional about keeping certain files and documents private by keeping them in password-protected folders.

Know “The Four C’s” of Contracts

When it comes to contracts that you create for business partners, vendors, and customers, you must make sure that they are thorough. One way to do this is to follow the “Four C’s of Contracts.” The first C stands for Clear. Your contracts must be easy to read and easy to understand, especially if you expect other people to adhere to them.

The second C stands for Current. In current times, some of what you used to include in your contracts ten or even five years ago, is no longer relevant. Be sure to include information pertaining to social media and other current matters. The third C stands for Conciliation. How will you handle conflicts or disputes when they arise? Be sure to include that in the contract. And the final C stands for Costs. Who will pay for the legal fees if an issue arises? Be specific in your contracts.

Be Proactive, Not Reactive

Online meeting, man in suit giving thumbs up gesture; image by Tumisu, via Pixabay.com.
Online meeting, man in suit giving thumbs up gesture; image by Tumisu, via Pixabay.com.

It will always be in your best interest to confide in legal counsel at every stage and creation of business. This is especially important in the early stages. It will probably cost you less money to catch things early on than it would to fight in court later on. Keep in mind that there are federal, state, and local laws that you must follow. Most people do not have these rules and regulations memorized, so hiring an attorney that specializes in business law will be to your benefit. If you see that some sort of litigation is inevitable, be sure to seek legal advice as soon as possible.

Find a Mentor

Do you have a friend or family member who has successfully run their own business from the ground up? You should ask them if they can set time aside to answer some of your biggest questions. In order to prepare, you can write your questions down in advance so that you do not forget them, and also take a pen or pencil to write down their answers.

You could even ask if you can shadow them for a day and see how they manage each task. How do they stay organized? How do they talk to their customers? Pay attention to what makes them successful so that you can emulate it.



Click to Read Original Article

Previous Post

Penn Law dean will seek university sanctions against law prof for her ‘derogatory public statements’

Next Post

The Definitive Guide To Scaling Your Law Firm

Daily Legal Briefing

Daily Legal Briefing

Related Posts

Business

Cloud Computing Can Give Your Business a Much-Needed Boost

by Daily Legal Briefing
March 18, 2023
Top Reasons for Shippers to Consider Intermodal Transportation
Business

Top Reasons for Shippers to Consider Intermodal Transportation

by Daily Legal Briefing
March 18, 2023
6 Ways That Attorneys are Working from Home
Business

The Role of Digital Transformation in Remote Workforce Management

by Daily Legal Briefing
March 17, 2023
Why Custom Landing Pages are Important for Your Social Media Strategy
Business

Why Custom Landing Pages are Important for Your Social Media Strategy

by Daily Legal Briefing
March 17, 2023
Is Street Photography Legal in New York?
Business

Is Street Photography Legal in New York?

by Daily Legal Briefing
March 16, 2023
Next Post
The Definitive Guide To Scaling Your Law Firm

The Definitive Guide To Scaling Your Law Firm

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

It’s Getting Expensive In-House…

Cravath Returns To The 2021 Bonus Scene To Put Its Seal Of Approval On Davis Polk Special Bonuses

December 8, 2021
Defense attorneys have a powerful tool to review electronic evidence, thanks to JusticeText

Defense attorneys have a powerful tool to review electronic evidence, thanks to JusticeText

February 1, 2022
What Constitutes Sexual Harassment in Memphis?

What Constitutes Sexual Harassment in Memphis?

March 1, 2022

Browse by Category

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

About US

Breaking Legal News & Current Law Headlines | Daily Legal Briefing.
Online coverage of breaking legal news and current law headlines from around the US. Top stories, videos, insight, and in-depth analysis.

Categories

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

Recent Updates

  • Cloud Computing Can Give Your Business a Much-Needed Boost
  • Top Reasons for Shippers to Consider Intermodal Transportation
  • Your Website’s Choice Of Color Matters

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

No Result
View All Result
  • Contact Us
  • Home

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?