5 Common Legal Mistakes Blackfoot Small Business Owners Make

Blackfoot business owners are just like business owners all over the country. They are busy trying to build and grow their business. Marketing, networking, training employees, and providing quality customer service is a primary focus. Sometimes, though, the legal components of running the business are overlooked. Usually it’s not because the business owner doesn’t want to comply, but they may not be aware of some of the legal business responsibilities. Baker and Harris Law in Blackfoot are experienced in business planning and can help new business owners get the legal paperwork set up and get going, and help businesses stay in compliance as an llc or corporation. Don’t hesitate to reach out to our business planning lawyers if you have legal questions.

5 Common Legal Mistakes Blackfoot Small Business Owners Make

1. Regular Tax Laws – If you aren’t familiar with business tax laws like ‘how long you are required to hold certain documents’ or ‘how often do you have to file particular tax documents’, then you could benefit from the help of a busines planning lawyer….and an accountant. Business laws are strict and it’s important to follow them from the start.
2. Structure of the Business – If you don’t know the legal differences between a sole proprietor, and LLC, and corporations, you won’t know which one is best for your company and your company’s needs/goals. Baker Harris Law in Blackfoot can help you make sure that your company is set up with a structure that is appropriate for your business and where you are planning to go.
3. Terms And Conditions – Without clear Terms and conditions, you are not protected in court if a customer tries to take legal action against you. A terms and conditions agreement lays out the formalities and specifics about your products and services and what your customers can expect.  The customer agreeing to the terms and conditions will provide protection in case of a legal dispute.
4. Employee Documentation – Each employee will require their own file and their own documentation. This file will hold personal information, performance evaluations, performance reviews, accidents, injuries, certifications and training, reprimand and anything specific to their work performance. The documentation that you hold on each employee is necessary and by not coplying with state laws, your business is at risk.
5. Non-Disclosure/Non-Compete Agreements – Companies us non-disclosure and non-compete agreements so that their employees cannot leave and take clients or secrets like secret recipes/formulas with them. Business owners need these signed agreements in place so that former employees cannot try to compete with them or take their processes to another company for gain.

Your business may require privacy policies, violation agreements, or other types of documentation for employees or customers. Hiring a professional attorney in Blackfoot like Baker Harris Law, you can keep yourself and your company protected from the start. Stressing about complicated legal situations is not something that you need to do if you have taken the time to consult with a legal attorney who understands business law and planning.