Small business owners are often busy owning and operating their company. Unfortunately, it’s possible to make a few mistakes when working hard to get your business off the ground and growing. However, there are ways to make sure you avoid these mistakes. We hope the following information helps you during your business venture. As always, if you would like to speak with our small business lawyer in Raleigh NC, feel free to contact our office today.
The first mistake you can avoid as a business owner involves avoiding/forgetting to/not hiring a lawyer. Though you might have started the business without one, having a small business lawyer in Raleigh NC on hand is a great way to make sure you are ready for any legal situations that might come up. It’s possible you may assume you don’t have as many legal obligations as a larger business or corporation. The truth is, there are more obligations than you might realize. Having a lawyer to work with during these times will be a great way to ensure your business continues to grow to successful levels.
Business tax laws are an essential part of your company. Even businesses with only one employee are responsible for paying taxes. Knowing what taxes you should be paying, and how often, will keep you in good standing with state and federal governments. Certain taxes should be paid on a monthly or quarterly basis. Don’t make the mistake of not understanding when taxes are due. Working with an accountant can help with this.
For those that own a web-based company, having a privacy policy that you share with customers in the event that you need to share their information with another company is a great way to let your clients know exactly what they can expect. Failing to create this policy may result in legal issues between you and your customers.
Also for those who may own a web-based company, having a terms and conditions agreement for your clients is also a great idea. That way, they’ll know what to expect when it comes to the use of services and products, obligations, and more. Without a terms and conditions agreement, you could face a lawsuit should any issues arise that could have been avoided with a signed agreement.
One mistake that many small businesses make is failing to get proper documentation on their employees. It’s important to have these on file so that you are compliant with federal laws. Not keeping these documents on hand could result in serious consequences.
Avoiding these mistakes as a business owner can help your company grow to successful levels without having to worry about legal issues. If you don’t currently work with a small business lawyer be sure to contact our office today to schedule a consultation with our attorney. We are here to help you succeed.
Also be sure to head over to our next blog post to learn more about how you can avoid certain mistakes while owning a business.
Do you need help writing your business plan? Look no further than Eldreth Law Firm, PLLC to help you get your business off to a strong start by helping you develop your business plan, which is an important element to have for staying on track with a new business. Give our small business lawyer in Raleigh NC a call today to see how we can be a part of your success.
Eldreth Law Firm | Small Business Law
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also, contact our lawyer in Raleigh NC to schedule a consultation if you have yet to start estate planning. It's never too early to make plans for your wishes upon death. In addition, our lawyer is here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting and more.
