Most new companies seek outside legal help in their early stages, but all businesses that grow to a certain size will one day have to consider whether to hire an in-house attorney or continue to rely on contractual legal advice.
Being a business owner requires making many important decisions. Making the wrong choice in certain cases could land your company in legal hot water. Below are six of the worst legal mistakes any business can make.
Workplace harassment is far more than annoying; it can be illegal and costly. An environment with aggressive behavior, repeated humiliation, or offensive remarks will result in low employee morale, decreased productivity, and high employee turnover.
Think about a buy-sell agreement as what you need in the event you want to buy out a partner or co-owner. Also, what will happen if a person who is part of the business heads off to what they think are greener pastures?
Small business owners are naturally do-it-yourselfers, and that instinct can spring up when legal issues arise. While there are plenty of self-help books and websites available that promise to save dollars in the short term, this can be risky. You have to know which resources to trust, and which to avoid.
Like doctors, lawyers are specialists. The key to getting great legal service is finding the right lawyer from the beginning. The attorney you know who specializes in criminal defense might not be the best option for business agreements and contracts.