Faith, Ledyard & Faith, PLC
COVID-19 NOTIFICATION: To protect your safety and the safety of our staff, in response to the threat of COVID-19, we are offering the option to connect with us via telephone, email and video-conferencing. Our staff are fully operational. Please call or email us to discuss your options.
A Full-Service Law Firm Serving the West Valley and Greater Phoenix for More Than 40 Years
PA Image
Real Estate Law
PA Image
Personal Injury
PA Image
Civil Litigation
Construction Law
PA Image
Bankruptcy
PA Image
Employment Law
PA Image
Estate Planning
PA Image
Debt Collection
PA Image
Government Law
PA Image
Criminal Defense
PA Image
Business And
Commercial Law
PA Image
En Español

Key business considerations for protection and growth

| Feb 22, 2018 | Blog |

A mark of a strong and flourishing business is growth and advancement. In order to achieve this in some situations, company owners may need to enact some form of business litigation.

It is important for business owners to be aware of this and other important aspects to ensure the business is able to thrive. There are a few key considerations that every businessperson should think about for the protection and growth of the business.

Review the laws

This may seem like a simple concept that any good business owner should know; however, sometimes in the hustle and bustle, it can fall through the cracks. As technologies and economies grow and change, so do the laws. Therefore, it can be beneficial to review relative business laws every quarter, or at least once a year. Also, as businesses grow and expand, the changes in the business may require legal changes, such as business taxes and incorporation requirements. If business owners have questions about specific laws and how they may affect the company, it is important to speak with a knowledgeable professional who can explain.

Documentation

Even if two trustworthy businesspeople establish a gentleman’s agreement at first, it is imperative that they iron out the details of the agreement in writing. Having an agreement in written form helps to establish necessary guidelines, clear up any confusion and serve as a means of reference for disputes.

Prevention

Prevention is one of the most effective means of resolving issues. By having proper protocols in place and utilizing ethical business practices, companies can avoid many scandals and issues within the company and with outside parties. Business owners should be mindful of the set business practices of the company and how they fit with the ever-evolving world.

This is a brief overview of considerations for a business owner. It may also be helpful to consult with an attorney to ensure the protection and efficient operation of the business.

Lead Counsel Rated LC
Paul Faith David Ledyard
Distinguished AV | Peer Review Rated | LexisNexis Martindale-Hubbell | For Ethical Standards & Legal Ability
Lead Counsel Rated LC
Lead Counsel Rated LC
FindLaw Network

Stay Connected With Us