You may need advice on how best to structure your business to minimize your tax liabilities and what tax requirements your business must meet, including whether your business must pay sales tax (especially given recent changes). Employee-related issues include dismissal, discrimination, and health and safety issues. To avoid termination disputes, write a notice of termination and provide the relevant reasons for the affected employee. The reasons must be clear to them, and they must be based on the company`s existing policies and policies. Legal issues can arise in any business for many reasons. This may be due to a misunderstanding within the company or a dispute between partners and customers. A business can also face legal issues if it doesn`t comply with state laws and other government-imposed regulations. Employees must be properly classified by the federal Ministry of Labour. According to the ministry, many companies misclassify employees as independent contractors to avoid paying workers` compensation benefits. If you operate your business in Perth, Western Australia, it is recommended that you consult with a law firm in your area to help you understand and follow the health and safety guidelines established for your workplace or industry.
A common mistake many new businesses make is inadequate protection of their intellectual property. If you don`t use patents and trademarks effectively, you may need to see another company steal your ideas and patent them for itself. Cases of alleged discrimination can hurt a business, and it`s up to owners to prove they have a fair hiring process. You should keep the resumes of candidates for each position in case future allegations arise. Employers must prove that they have hired the most qualified person for the position, regardless of age, ethnicity or gender. Being involved in a legal case can be costly and time-consuming for many companies, even established ones. A legal issue can also damage a company`s reputation, especially if it is published. As a business owner, you need to make sure your business operates in accordance with legal regulations and public guidelines. This is a problem you can control yourself.
Don`t rush into a lawsuit, as that means paying legal fees, and as you can probably guess, these can add up quickly. If you find a way to negotiate and resolve a dispute amicably, it may be wise to consider this option. If a company wants to fire an underperforming employee, it should never do so without a termination agreement drafted by a lawyer. Even multinationals like Pfizer and Shell are not immune to class action lawsuits. Small and medium-sized entrepreneurs need to protect themselves from this legal risk at an early stage. Consider hiring a lawyer to find out what steps you can take to avoid this. This is very important, especially if you are in the cosmetics, food and beverage industry or in the manufacturing industry in general. Your intellectual property is at the heart of your business, so protecting it is paramount.
A trademark protects your company`s brand, including your logo, name, slogans and product name. You must exercise due diligence to ensure that you are not infringing the intellectual property of others, and then register one or more federal trademarks. Copyright protects original works – art, writing or software code, to name a few. You may need to apply for copyright protection or licensed copyright for your business. Patents protect inventions, including business methods. You should talk to a lawyer about whether you need to apply for a patent. The right lawyer can streamline a lengthy filing process and handle the important steps and details of the intellectual property protection process. For most people, running a business is about increasing profits, managing day-to-day operations, and (if necessary) growing.
Young entrepreneurs usually don`t know that a business can face various legal issues at every turn. It can come from within the company itself, such as employee and shareholder concerns, or from external forces, such as consumer safety. Seeking advice from the right business lawyer or law firm can help you avoid or resolve legal problems, even before they arise.