Friday, March 2, 2018

Quick Legal Tips For Your Small Business

Starting a new business can be an overwhelming feat. While there are a number of legal requirements that need to be taken care of, the work doesn't end once you are open for business. It may be difficult to focus on the legal side of your business, even though it's important to protect your venture at all times. As your business lawyer at the Lake of the Ozarks, we are here for your small business. Take a look below to learn some of these quick legal tips for a small business venture.

Document, Document, Document

We can't say it enough - documentation is vital to the legal protection of your business. Whether it's a new employee being hired, contracts with customers, or outsourcing your marketing - keep good documentation of all agreements. This can help to protect you and your business, should a conflict arise. If you have everything documented well, you can easily prove your side via the paperwork you have on hand.

Use Employment Agreements

Many small business owners utilize friends and family, especially when getting started. While this can be of great benefit the business owner, it's important to ensure you treat these employees just like everyone else. It's also vital to keep good documentation when letting an employee go. Document the reasoning and conversation that takes place, when firing an employee.

Keep Up To Date on Legal Changes

The legal world is always changing. While it can be hard to keep up with, it's important because it can have a direct impact on your business. Try to stay on top of changes that take place in the legal world and anything that may affect your industry.

Review All Contracts on a Regular Basis

Once you have your legal contracts reviewed and ready to go, that's not the end of the road. On a regular basis try to have your business lawyer review these documents. With each year, you may need to make updates to your contracts in order to stay up with any loopholes that may come about. It's also important to update any dates or other information to ensure they are still relevant.

Safeguard Your Intellectual Property

Intellectual property is a BIG deal for any business but can have a devastating impact on a small business. Be sure you protect this property well. Consult legal assistance when it comes to safeguarding your intelligence. Trade secrets, trademarks, copyrights, and confidentiality are all examples of intellectual property. When hiring a new employee, be sure they are clear as to what information they are privileged to and what they are not allowed to disclose to others outside the business. This can help to keep your vital information safe and help you legally protect this property.

Finding the right business lawyer near the Lake of the Ozarks can help your venture in a number of ways. If these tasks seem too time-consuming, consult a legal professional. A lawyer will be able to assist with all of these legal tips to help protect your small business.

We know you are busy with the many hats required to run your small business. While your attention may be pulled in a hundred different directions, it's important to focus on protecting your business. If you want further advice protecting your small business venture, give Gibbons Law Firm a call today. The first consultation with us is always free! We look forward to helping you protect your small business and livelihood of you and your family!

Remember, your initial consultation with Gibbons Law Firm is always free.

Your Trusted Legal Resource

Gibbons Law Firm
2820 Bagnell Dam Blvd, Suite B4
Lake Ozark, MO 65049
(573) 348-2211

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