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Why Businesses Must Prepare for Legal Issues

All acts and facts that occur in life have legal consequences for individuals and legal entities. In the life of a company, for example, the law applies at all levels: structural, organizational and operational. Any business should be able to deal with any type of legal issues, often this is why lawyers such as Naomi Soldon are called in to assist.

So whether it is a personal matter or one that affects the whole business, it’s important to have a plan in place.

When setting up a business, or entering a period of transition, the organizational structure of the company must be defined. To begin with, you have to choose a legal form, a tax regime and possibly draft articles of association. Then, you have to be able to define governance and prepare the organization chart. This requires finding expert advice in many areas such as law, taxation, management or in the field of real estate.

Manage Relationships With Employees

To begin with, professionals need advice and support in the contractual management of relationships with employees and in particular employment contracts, internship agreements, contracts for the sale of products and services or the purchase of supplies. Then, it is necessary to be able to manage unilateral acts such as notifications, summons or even the work certificate that is provided to employees at the end of an employment contract. Today, it is possible to easily obtain models of contracts and acts online thanks to websites which offer you to automatically personalize them according to your situation. This can help your business.

Litigation Aspects

It is sometimes the most difficult to manage for companies that do not have an in-house service. Fortunately, some law firms offer services tailored to SMEs. This involves supporting them in the management of certain types of litigation cases, for example civil liability lawsuits, criminal cases or even employee appeals before the industrial tribunal. They are there to represent the interests of the company in court. A poorly maintained case can cost a business thousands and this can also ne

Business Risk

Companies have several options when choosing a legal and governance structure that defines their approach, serves as the basis for processes relating to taxes, liability, required documents, etc., and is decisive for managerial and operational decisions. Once the legal and governance structure is defined, it is important to identify the risks of the business as a whole, such as fraud and unethical practices, and to put in place controls such as audits and awareness programs, in order to manage them. Don’t be caught behind. If you lose money in your business then the chances are it will take you a while to recover. In this case, you would probably have to rebuild a lot from scratch and this takes time.

Asset Risks

This is another type of risk that some businesses should be aware of. The value of tangible assets, such as buildings, and intangible assets, such as human capital and intellectual property, must be protected.

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