Business law, also known as commerce law, covers laws that apply to businesses and commerce activities. It encompasses many disciplines including intellectual property, employment law, business tax and commercial real estate. Legal mistakes can be costly, so you should always consult or hire business lawyers for legal advice or aid. What are the main legal considerations when starting a new business?Here is a list of legal questions you should consider when starting a new business: How am I going to structure my business? From day one, business owners must make
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Periodic comprehensive legal health check to identify risk areas to address by qualified business lawyers.
Write agreement to outline roles of contributors, decision making processes, profit sharing terms for all parties.
Apply for a trademark, or apply for a patent and protect against infringements of your intellectual property.
Advise, coordinate and handle all aspects of business transaction, merger, acquisition and disposals.
Register your company name with ASIC and obtain an Australian Company Name (ACN) with a registered office.
Conduct due diligence, negotiate and handle all aspects of buying and selling a business.
Write an agreement to govern relationship between you and other partners in your business.
Apply for an Australian Business Number (ABN) online with the guidance of a qualified laywer.
Protect your franchise value with written agreements and commercial strategies that adhere to complex franchising law.
Advise and handle all aspects of trust and estate planning and administration by experienced probate lawyer.
Draft a contract or review a contract by business lawyers who specialise in your industry.
Review and write terms and conditions and supply agreements for your business.
Review the legal health of your business and draft up legal documents and contracts
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Hi Deborah,
[1] We don't have lawyers in Australia, we only have solicitors and barristers, so that would be one reason,
[2] The main reason that I mightn't see a solicitor for legal advice might be the lack of transparency on pricing.
Solicitors in Australia are notorious for even charging exhorbitent fees for postage stamps in their final bills. So I would need a solicitor that [a] specializes in small business needs, and [b] announces their fees upfront.
Luckily I do have one of those on hand. :-)
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You probably don't want one, and you may not even need one if you can fill out forms on your own, but it is a case of better off having one and not needing one, rather than needing one and not having one.
To a point. As much as I trust any online service. For boilerplates and general advice, I would go to an online only service. Earlier this year, I had a legal matter concerning defamation in my industry. I wouldn't go to an online service straightaway, I'd contact a bricks and mortar media lawyer.
What qualities do you look for in a lawyer for your small business?
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