Legal Tips to Help Your Business Succeed With Attorney Romy Jurado
Legal Tips
Often times my clients ask what they can do to ensure that their companies start off on the right path in order to prosper for years to come. As a full spectrum business attorney, I like to become intimately familiar with my clients business in order to advise them as best as possible. My advice often extends past legal tips and counseling and encompasses good business practices that all businesses should observe. I have compiled a brief list of some of the most common tidbits of advice I have given out over the years below. This is by no means an exhaustive list and I urge you to contact a competent attorney in your area for assistance should you feel the need for it.
Keep Business and Pleasure Separate
In this day and age, with the advent of widespread technological advancements comes the ability to search numerous resources and databases with the click of a button. In turn, what was once private information, such as email addresses and cellular phone numbers, has turned into readily accessible information. When you are establishing your business, ensure that you limit your companies’ transparency and keep your personal information private. The last thing you want to worry about is having customers, suppliers, or anyone else contacting you at inappropriate times for inappropriate reasons. Have a dedicated office line, set up a dedicated email address, and if at all possible, do not incorporate your business under you home address. You have nothing to hide but everything to protect in order for your business to succeed.
Consider the End Right From the Start
No employer wants to lose an employee due to the burden associated with replacing an individual that has already been trained and contributing to the business. Many business owners fail to consider the other downfalls of an employee’s termination, such as divulgement of confidential information or trade secrets. Unfortunately, employee termination is bound to happen to almost any business. As such, it is better to prepare for employee turnover at the onset of the hiring process rather than be caught off guard when it does occur. Companies should incorporate protective clauses and restrictive covenants in their confidentiality agreements, non-compete agreements as well as other employment contracts. In doing so, companies can save considerable time and money protecting what is rightfully theirs- be it trade secrets, vendor/vendee relationships, work product, or likewise.
Plan for the End
On a similar note, businesses with multiple partners should consider utilizing a buy-sell agreement from the get go. In the event a dispute should arise over the sale of the business where one party is not interested in selling, or should a partner die during the course of business operations, a buy-sell agreement will proscribe the procedure to be taken. By establishing such an agreement early on, business partners can hash out the details with cool heads rather than during heated arguments or uncomfortable circumstances.
Know What You Are Getting Yourself Into
Entrepreneurship, invention, and ingenuity is what makes this country go round. Nothing makes me happier than to see one of my clients develop a product, strategy, or business and watch it succeed under my advisement. In the same vain, there is nothing that upsets me more than seeing a well thought-out product, service, or business fall apart because of a lack of due-diligence. In every industry, there are numerous rules and regulations established by different agencies within the government to protect society at large. Although regulations set by different agencies may coalesce with one another, many times they are directly in conflict with one another. It is your duty as a business owner to be mindful of any and all regulations pertaining to your business or else face the potential for fines and costly litigation. Regulatory compliance is crucial for a businesses’ success and should not be taken lightly. I urge any business owner who is not confident in their compliance structure to seek legal tips and advice.
Hire an Attorney You Can Trust
The way I choose the people I surround myself with is to ask myself would I want that person- be it a business partner, client, or anyone else for that matter- over for dinner and to play with my fur babies. As a business owner, choosing an attorney should be no different. If you would not feel comfortable inviting your attorney over, chances are you do not want them representing your business. Beyond their qualifications, you should feel comfortable and trustworthy of not only the advice they provide to you but the person that they are. Trust is the cornerstone of a successful business, and I stride to earn and keep all of my clients’ trust. It is imperative that your attorney does the same in order for your business to succeed.
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