Top 8 Commercial Business Legal Issues
If you are in the process of starting a business, there are several legal considerations to be aware of. For this reason, many entrepreneurs turn to the help of law firms early in the business planning process. Working with legal professionals is a smart move for business owners because there are many issues that can come up throughout the duration of owning a company. For example, consider these top seven commercial business legal issues. If you need HMRC Tax Disputes advice, we are available to aid you at every stage of the HMRC appeals process.
1. Licensing
When running a business, there are occasionally licensing issues that come up, depending on your industry and what kind of products you sell. When you need to figure out the legal requirements surrounding licensure, working with a law group such as Tully Rinckey can be an opportunity to gain valuable insights. Ask any questions during your initial consultation.
2. Trademarks
Another reason that business owners commonly turn to law firms such as Tully Rinckey law is for help with trademarks. When you put a lot of work into creating your own brand and company, you want to ensure that you protect your intellectual rights and creative products. In essence, your trademark is any word, phrase, symbol or design that identifies your products or services.
3. Overtime Disputes
Another reason that commercial business owners often reach out for legal assistance is due to a dispute related to overtime laws or other issues concerning employee hours. Keeping a clear record of all employee hours worked is one way to help avoid such disputes, but if they do occur, there are legal resources available to help your company understand the technicalities better.
4. Employee Termination Disputes
When it comes to terminating an employee, there can be high emotions for both parties, depending on the situation, work culture and a number of other factors. For this reason, it is not uncommon to see termination disputes being another major cause for business owners to contact legal support professionals. Keep in mind, your location and state laws can have an impact on your case.
5. Discrimination Cases
In the United States, there are numerous laws that protect employees from discrimination on the basis of age, ability, gender, religion, nationality, ethnicity and cultural background. For example, the Americans With Disabilities Act as well as the Equal Pay Act both provide employees with protection in different ways. When there is a violation of such laws, business owners also turn to the help of commercial legal firms.
6. Business Formation
When entrepreneurs are first starting a business, this is another top reason for contacting a commercial lawyer. With business startups, there is a taxation structure as well as any policies that apply to hiring employees. In addition, legal assistance can be helpful when it comes to covering liabilities and finding the best insurance options available.
7. Tax Help
Even with the best of planning, many companies still run into small business tax issues at the end of the year, often due to regulatory changes or other confusing situations. When this occurs, finding legal help as quickly as possible can save you significant hassle down the road. If you have recently received an urgent tax notice or you have concerns about something related to your business’s taxes, taking care of it sooner is better than later.
8. Shareholder Disputes
When you have multiple shareholders in your company, it can offer a broader perspective on business management, but it can also present a great chance of conflict. When business owners end up in a commercial attorney’s office, another common reason is due to shareholder disputes. Working with a lawyer in these cases can help you find a solution.
Running a business can involve numerous legal situations. Working with a law firm can help.
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