startup business

Expert Legal Guidance For Starting your Own Business

The prospect of starting your own business is often an exhilarating one. However, it’s extremely important to keep yourself and your business safe from the crippling risks of litigation. Seasoned commercial lawyers can help minimise the risks of lawsuits and liabilities in several important ways. Legal problems and headaches in Australia can severely impact your business and affect the bottom line. While starting or running a business is an extremely rewarding experience, you will feel more confident with an expert lawyer looking out for you. It’s crucial to take proactive steps to prevent the occurrence of legal issues which can sap any business of life, reputation and profit.

Regardless of the size or nature of the business, there are some common legal issues that should be never be neglected. These issues usually occur in relation to:

  • The structure of the business: Each type of business structure is managed, handled and taxed differently. The choice of structure involves knowledge of different types of taxation policies etc and it pays to seek expert legal advice because as a new entrepreneur, you don’t wish to inadvertently put your foot on the wrong side of law.
  • Contracts and agreements: Lawyers can help prepare and create contracts that you need in order to legalise your professional relationship with employees, contractors etc. Employment contracts should clearly spell out terms and conditions, salary, benefits, termination clauses etc. Experienced lawyers can help create watertight, comprehensive contracts for your business.
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