Large and small businesses are the backbone of the US economy. They create many of our jobs and a lot of the goods and services we buy and use. And for business owners like you, they're your livelihood. Anticipate and avoid potential legal problems and how to deal with them if they come up can help keep your business up and running for years to come.
Here's a list of some of the important things to consider when it comes to your business.
- Discover the best way to set up your business: sole proprietorship, partnership, corporation, or other type
- Know what it takes to set up a home-based business
- Create a well-thought-out business plan
- Pay your taxes: Business taxes, employment taxes and sales taxes
- Have a system or plan to protect your customers' private information?
- Provide your workers with health insurance
- Recognize when employment discrimination and wage and hour laws could give you problems
- Keep and retain proper and accurate records
- Understand the pros and cons of employee handbooks and employment contracts
- Close your business at the right time
Owning and operating a business isn't always an easy task, regardless of whether it's your small home-based business or a corporation with dozens of employees, or if you're just starting out or an experienced business person. There are legal issues and hurdles at every turn.
Questions for Your Attorney
- Is it worth it to have an attorney on retainer so I don't need to find one each time I might need advice?
- Would it be better to have employees or contract workers only?
- When is it time to close my business?