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Creating a Corporation
listed by date (newest first).

August 21, 2006

Simple legal tips for business start-ups

Make Sure all Employees Have Contracts With Your Business
It is very important to have a contract of employment in place, from day one, for anyone working inside of your business as an employee. Make sure that all new employees are entitled to work in the U.S., or you could face heavy penalties. Employment contracts, as is the case with all contracts, should act to protect both parties.

Know your Employment Laws
Employment laws in this country are very careful to explain what can and cannot be done with regard to offering someone employment. Before you fire someone, hire someone else to take their place, or change their terms and conditions of employment, it is a good idea to get legal advice. If you don't, you could find yourself open to claims for unfair dismissal, discrimination or breach of contract. Also warn employees that discrimination, sexual harassment, and other illegal activities will not be tolerated in your work environment..

The Importance of Health & Safety
If you fail to carry out health and safety requirements, you coud find yourself in court, with increasing insurance premiums, and you may find challenges even obtaining insurance. In the worst cases, your business may be closed until you adhere to laws outlining what must be done in your business with regard to health and safety. Government agencies are legally entitled to carry out spot checks on your premises at any time.

Continue reading "Simple legal tips for business start-ups" »

August 20, 2006

How To Avoid Legal Pitfalls in Starting Your Own Business Partnership

In your business life, no matter who you are, you will make mistakes at some point. Unfortunately, the law is not very forgiving, because when it comes to business, ignorance is not a defence. Here are some of the common pitfalls that business owners find themselves dealing with when they set up their own businesses.

Partnerships
A partnership is formed when two or more parties form to start a business. The two parties come together because they generally figure that sharing the workload and investing capital together can help to get the business moving along more quickly. It is the opinion of TheLegalEagles that this type of business structure is the weakest and most potentially legally complicated type of business structure. However, if you do decide to form a partnership, it really is necessary to have a written partnership agreement, and get it checked by an attorney. If you can't afford an attorney, or if you would like to get affordable access to ongoing legal counsel, we recommend that you take a look at a legal plan. At the very least, you should have your business partnership reviewed by a solicitor. If you do not have a patrnership that is backed up by the proper paperwork, the partnership will be governed by the rules of the Partnership Act 1890. These rules may not always seem fair, and if you're running a technology-related business, they may not even seem to apply to your business.

Continue reading "How To Avoid Legal Pitfalls in Starting Your Own Business Partnership" »

 

 

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