The Law Firm of Lan Quoc Nguyen & Associates
The Law Firm of Lan Quoc Nguyen & Associates

800-505-1238
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800-505-1238
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Avoiding legal mistakes as a small business owner

| Apr 14, 2021 | Business Transactions And Litigation |

Residents and businesses in Westminster and other areas of California may want to learn more about common legal mistakes. If you are a small business owner or are considering starting your own business, you may want to learn about these common mistakes so that you can avoid problems in the future.

You may be anxious to get your business up and running in the community. However, you will want to know the types of legal issues that may arise. According to Forbes, there are some common mistakes that the new entrepreneur may make. Know what they are, and learn how to avoid them.

Not incorporating

You may need outside investors in the future, or you may get sued. The right structure frees you from personal liability. Is the company an LLC, C or S corporation? Determine the best legal structure for your company.

No guidelines for employees

Businesses can get in trouble if they do not have manuals for employees and their conduct. You can form human resource policies to fit your company. Consult with a human resource professional for help.

Talking badly about competitors

Talking badly about others is not okay, whether online or in person. Consult an attorney to learn the difference between libel and free speech.

Not trademarking or patenting ideas

You may fail to protect your intellectual property when it is necessary. A lawyer may help you in determining what you might want to protect.

Filing too many lawsuits

Business transactions and litigation advice and action may be necessary from time to time. However, being angry and suing can cost both sides money. In some cases, negotiation rather than litigation may be a better solution.

Not protecting data regarding customers

A small business may be a greater target for the hacker. Loss of sensitive data or a website malfunction may be the problem. You can explore services to secure your site and data before there is an issue.

If you want to avoid these common mistakes and others, it is wise to consult a trusted attorney who knows small business law and can help you. They may protect your needs and help your business get off to a solid start.