What is Business Law?
The term “business law” generally refers to the various types of business entities, and how the law affects their internal management and external regulation. A business attorney attends to the legal needs of recently created businesses as well as to those of existing companies.
Business law can encompass a broad array of topics, including but not limited to, the formation of business entities, disputes between business owners, liability protection for businesses and their owners, and employee/employer issues. Establishing rules and regulations that businesses must follow in order to operate under the law legitimately also falls under business law.
Business Formation
A Stevenson Smith Hood Knudson, P.C. business attorney can assist with the legal aspects of your business from its impetus. Business formation involves creating an LLC or corporation and registering the business’ name. All of these steps require paperwork, and legal advice may be helpful in ensuring that all of it is completed properly and within the correct time frame. Once these steps are completed, your business will be able to move forward.
Employment Law
Employment law includes facets of your business that relate to the employer–employee relationship. These include employee rights, trade regulations, unions, and minimum wage laws. A breach in employment law can have vast detrimental dividends, so addressing these aspects early in your business plan is highly recommended. If a breach occurs, reach out to us at SSHK for legal advice.
Protection Against Liability for Businesses and their Owners
An SSHK business attorney can assist with the task of mitigating liability for businesses and their owners. The potential for liability varies widely based on circumstances, but there are some universal principles that all business owners should adhere to. For example, business owners should take great care to avoid commingling business and personal assets. To do otherwise creates the possibility that a court may allow a creditor who has only a claim against the business, to collect from the business owner personally as well, or vice versa. This is only one example of a very common pitfall of many business owners, but there are others that are easily avoided by consulting with competent legal counsel.
Do You Need a Business Attorney?
At Stevenson Smith Hood Knudson, P.C., we want to see you succeed on your path as a business owner. To that end, our team of experienced attorneys are at your disposal to help with matters related to your small—or not so small—business. We offer decades of legal experience and expertise to help you with unfamiliar and possibly scary situations. If you need legal advice to serve your company’s needs, SSHK can help.
Whether you are starting at the beginning or have a well-established company, enlisting the help of a business attorney will ensure that all the legal issues surrounding your enterprise are properly handled. Doing so also provides you with peace of mind, and your business with an advocate for success. Reach out to Stevenson Smith Hood Knudson, P.C. today for more information.
