Most people approach a new business opportunity with great enthusiasm. While this enthusiasm provides much of the needed fuel to help a new business get started, businesspeople must arm themselves with important legal information that will guide their most basic decisions. The form of a business organization creates specific legal consequences for matters as diverse as taxes, insurance, and management. Once formed, a business faces challenges in its relationships with its shareholders, creditors, employees, and other businesses. Every business concern has important legal issues that can dramatically alter the likelihood of future success.
Experienced lawyers can help create a business strategy that manages legal risks.
These corporate changes may affect shareholder rights and raise antitrust issues. Franchising Franchising allows a company to use several small businesses to distribute its products and services while maintaining a consistent public image. When a company grants a franchise, it lets another business use and profit from its successful business plan. State and federal laws strike a balance between larger corporations and the small business owner seeking a franchise. Joint Ventures Joint ventures involve two or more companies or individuals in a partnership for a particular purpose.