Whether the idea that spurred the creation of a business is one that reshapes the way that an industry or consumers think about the world around them or stems from a drive to simply offer a product or service in a better way, that drive and passion can easily be diluted and spread thin by the inevitable collision with the realities of our legal and regulatory systems.
New Business Formation
In the excitement and logistical problem solving that accompanies the adventure of building a business, the entire world of entity formation laws and legal compliance is often overlooked or underappreciated at the outset. Whether the idea that spurred the creation of a business is one that reshapes the way that an industry or consumers think about the world around them or stems from a drive to simply offer a product or service in a better way, those drives and passions can easily be diluted and spread thin by the collision with the realities of our legal system.
In the excitement and logistical problem solving that accompanies the adventure of building a business, the entire world of entity formation laws and legal compliance is often overlooked or underappreciated at the outset. All too often, a lack of proper legal guidance or simple neglect of the legal issues surrounding the establishment of a business can result in costly fines or litigation.
An experienced business attorney can offer a clear picture of the issues unique to each business as requirements can vary widely depending on your industry and business model.
A contract is at the heart of almost every action a business takes. A common question is whether or not there is a proper method for writing a contract. However, all contracts, from a non-disclosure agreement to a business purchase agreement, are efforts to make sure that all sides are in full agreement to the particular terms of a deal, including how each side will interact with each other. There is no one-size fits all contract and with the help of a knowledgeable attorney, it is possible to create unique contracts which are specific to your needs and concerns and which advance or protect your interests.
Even if a business is well established and stable, litigation is a reality that businesses must contend with. Whether due to a breach of contract or other contractual dispute which arises due to a lack of legal oversight in the creation of contracts, or simply as a result of unforeseen circumstances; a dispute with a supplier or independent contractor over conflicting legal compliance requirements; or, a breach of fiduciary duty by a board member or business owner, Arctos Law has the experience to help you navigate the issues from first blush to a final resolution.
As with any litigation, the sooner you consult with a business attorney when a dispute occurs, the more informed and better positioned you’ll be do deal with the situation. An experienced business attorney at Arctos Law can help you evaluate and negotiate away disputes and become your litigation lawyer in the event an early resolution cannot be reached to enforce your contractual, statutory, and common law rights.
There are questions you should routinely be asking yourself about your business.
- How does your business handle personal or financial data from your clients or customers?
- Does your business handle anyone’s medical information?
- Does your business use contractors that require state or federal licenses?
- Do you import or export components or products overseas?
These are but a very few of the ones you need to answer on a regular basis because if the answer to any of these questions is yes, regulations may restrict your activities or require you to take affirmative steps to safeguard data, create policies, obtain licenses or permits, obtain additional insurance, or the like.
It can be difficult to know what is required of your business even when information is readily available because the application of regulations to a particular business and the nature of how to comply is not always straightforward, particularly for businesses in a novel industry or with a different approach in their business model. Arctos Law can assist you in the ongoing process of keeping your business in compliance, allowing you to focus on growing your business.