Protecting your small business from legal issues early on in its developmental stages is a good idea. Business owners will need to do many things such as register the business structure, decide between professional liability insurance and general liability insurance, and learn the guidelines of how to handle having employees. Working with an experienced business attorney can help protect you from litigation.
4 Steps to Legally Protect Your Business
Select The Right Business Structure
When looking to legally protect your business from future litigation, operating as a sole proprietorship may leave your company and personal assets vulnerable in a lawsuit. This is why it is important to do your research and select the best business structure for your company.
In many cases, operating a limited liability company (LLC) will allow you to function the way you desire, while also protecting your personal assets if a legal problem arrises with your business. Speaking with an experienced business attorney can help you to explore your options and make the best selection for your business structure.
Research Essential Business Laws
Another smart way to protect your business is to familiarize yourself with some essential business laws such as:
Intellectual Property: If your small business has proprietary designs, inventions, logos, or products that are unique to your company, register them in order to prevent other businesses from stealing your intellectual property. This is a way to protect your company and keep it relevant.
Employment And Labor: When it comes to hiring employees, you will need to be familiar with all of the laws related to managing and paying these individuals. You have to treat them with a certain level of care and respect, while following state labor guidelines in order to avoid costly lawsuits. An experienced attorney can help you to learn more about workplace safety, workers’ compensation, family and medical leave, employee rights, and more.
Marketing And Advertising: It is important that you represent your company in an honest manner. False advertising can lead to business litigation. Ensure you understand the legal obligation you have when advertising for your business.
Use Written Agreements
Verbal agreements have no place in business. Every agreement you have between suppliers, customers, and other parties should be written and reviewed by an attorney. This can help you to protect yourself and create transparency between your business and others. Each contract should be carefully constructed and reviewed closely before anyone signs.
Insure Your Company
Your business should purchase insurance to cover not only you but also your company against liability. This way, if the unthinkable happens, such as an employee or customer becoming injured in your business, you are able to cover the costs and avoid a case surrounding premise liability. Speak with an attorney to learn more about the extent of insurance your business will need for your protection.
Small Business Attorney in Houston Area
Attorney Fuller is a seasoned attorney with nearly three decades of experience representing a wide range of clients. This includes individuals who have suffered an injury due to another’s actions, individuals facing criminal charges, those who have been arrested for DWI, individuals who have found themselves in a civil litigation dispute, and those looking for legal guidance in business.
After filling out a client intake form, Attorney Lanease D. Fuller will take appropriate action in your case to help you get the results you are looking for. This includes but not limited to gathering evidence, going to trial, and earning a settlement that is appropriate for your specific situation. Reach out to us today to take the first step towards settling your case.
LANEASE D. FULLER LAW
4615 S. Frwy St. 820
Houston, TX 77051
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