5 Q&As for Small Business Owners
Running a small business can take a great deal of time, money, and energy. If you own and operate a small local business, you probably also know that it can be very rewarding as well. Some legal matters pertaining to small businesses are simple: for example, you’re probably familiar with labor laws and industry regulations as they apply to your business.
However, you might find that there are certain legal matters related to your business that are difficult to handle on your own. This is completely understandable, and it’s why our law firm is dedicated to serving the needs of small business owners. We understand your business needs and work tirelessly to ensure that we offer you quality legal counsel. If you are a small business owner, consider the following questions that you should be asking.
1. Can I protect the name of my business?
The name of your business may be one of your most valuable assets. It can describe the nature of your business or simply serve as an identifier. When choosing a business name, you might turn to an attorney for counsel so that you can be sure to select and register a great name. You may also want advice on how to copyright your logo or secure an online domain for your business.
2. How complex is it to seek investments from third parties?
For a business to run effectively, it requires adequate financing. Sometimes the owner simply does not have enough money to start up a business without additional financial support. Public investors can be a great source for investments, but it’s important for business owners to understand the risks and benefits of turning to third parties for funding. Consulting a business attorney may enable owners to take the right step to benefit the business.
3. My industry requires adherence to certain regulations. How do I ensure compliance?
Every business is governed by different laws, depending on its structure as a company, partnership, sole proprietor, or other venture. Compliance laws ensure that the business operates safely and effectively.
A business contracts lawyer Roseville, CA trusts may help you to interpret local, state, and federal legislation as it pertains to your business. This way, your business doesn’t have to be disrupted by a small compliance mistake.
4. I’m looking to hire. How can I hire the best employees for my business’ needs?
Hiring employees can be an exciting new step for small business owners. When looking to expand, it’s important to be aware of fair employment laws and labor laws that may apply to your business. Hiring great employees depends on many things: competitive salaries can be just as important as a positive working environment. You may consult business lawyers to enhance your knowledge regarding employees’ rights and the regulations in place to ensure employees are provided a good working condition.
5. What kinds of records should I be keeping?
This may vary quite a bit depending on the nature of your business. It’s essential to file away important documents related to your business, but there’s generally no need to keep every single document that you come across.
An experienced business lawyer may help you determine which documents you should file, and may even help you set up a disaster plan with backup copies of important documents so you can always access the most crucial records for your business.
Running a business can be quite difficult, especially considering the legal issues that come with business enterprises. If you are considering starting your own business, consult an experienced attorney and get answers to your questions today.