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BUSINESS AND PROFESSIONAL MATTERS
Whether you are starting a business or simply hiring a contractor to build a deck on your home, a written contract is advisable to set forth clearly everyone's expectations. Consultation with an attorney and preparation of a contract are particularly important in the following situations:
BUYING, SELLING, OR STARTING A BUSINESS:
When buying an ongoing business, you should have a contract with the seller to (1) assure that you acquire all available rights connected with the business; and (2) assure that you do not assume any unwanted or undisclosed liabilities created by the former owner.
Similarly, when selling a business, the advocacy and expertise of an attorney would be beneficial to you in minimizing your tax liability; in assuring compliance with specific legal notices; in preserving your right to compete, if you so choose; and in assuring that your responsibility for the business is properly severed.
When starting a new business, or even when acquiring an ongoing business, it is important to explore with an attorney the advisability of operating your business as an independent entity, legally separate from you as an individual. By operating under one of the many available business forms, such as a corporation, partnership, limited partnership, or limited liability company, you may be able to limit your personal liability and that of your investors; establish how the business will be controlled; and take greater advantage of tax incentives. Consultation with your attorney can help you determine which organizational structure will provide you with the best protection and the most legal advantages. Also, when starting a new business, you may be confronted with selecting or protecting a name, logo, design, or invention. The need for trademark, copyright, or patent protection should be discussed with your business attorney.
Finally, if your new business is in an industry which is regulated, such as healthcare, or if you intend to do business with the government, your attorney can guide you through the maze of federal and state regulations.
ONGOING OPERATION OF A BUSINESS:
Operating a business involves many auxiliary concerns, including labor and
employment issues. Discrimination and sexual harassment in the workplace have
recently begun to receive greater media attention and, accordingly, have come to the
awareness of employees and employers, alike. In addition, the enactment of the
sweeping Americans With Disabilities Act has changed many aspects of an
employer's relationship with its employees, from the initial interview to termination,
as well as many aspects of a business owner's relationship with its customers and the
general public. A working knowledge of how employment legislation affects your
business, obtained through discussions with your attorney, is essential in today's
regulatory environment. Such discussions can be instrumental in good faith
compliance, as well as in avoiding disputes. Should a labor dispute arise, or should
you become aware of a potential lawsuit or complaint, you should be able to call on
your attorney to advise you as to how best to protect your interests.
RETIREMENT PLAN OR FRINGE BENEFIT PLAN FOR EMPLOYEES:
When knowledgeably established, a retirement plan or fringe benefit plan can serve as an effective incentive and reward to employees, including employee-owners, in a tax preferred manner. To achieve these tax preferences, counsel with an experienced pension and employee benefit attorney is advised.
HIRING AN EMPLOYEE OR INDEPENDENT CONTRACTOR:
Many people are giving more consideration to the tax implications connected with
hiring individuals to work in their homes or to work with them on a business or
personal project. In addition to the tax aspects, there are significant liability
implications that should be considered before hiring an individual for a project. If the
person is an employee, there are far greater responsibilities placed on you, the
employer. By consulting an attorney before you hire someone you can discuss the
legal implications of both classifications and determine which would be the more
prudent avenue. In addition, your attorney can recommend appropriate terms to be
placed in your written contract.
EMPLOYMENT MATTERS:
We also provide assistance in the drafting of employment policies, advising employers with regard to hiring, terminating and disciplining employees, as well as representing employers in employment disputes.
EMPLOYMENT CONTRACTS AND RELATED ISSUES:
Whenever you hire someone to work for you or when you accept employment from
or with another person, your relationship and respective duties should be completely
and carefully set out in a written employment contract which covers such areas as the
term of employment, compensation and benefits, responsibilities and liabilities of
each party, and grounds for dismissal. An employment contract is of particular
importance to an employer when the employee hired will be privy to trade secrets,
will be provided with unique training by that employer, and/or will be likely to
compete with the employer's business after the relationship is terminated.
Negotiating, discussing, and reducing these issues to writing before the employee
accepts the position often prevents a multitude of misunderstandings from surfacing
later.
HEALTH LAW BUSINESS TRANSACTIONS AND REGULATION:
If you or your business is in the health industry, the form of your business
transactions and managed care issues require the attention of our attorneys. Changing
health laws and regulations, and the requirements of fiscal intermediaries, carriers or
other payers, are every day business concerns. Even employment contracts and
provider agreements require attention. Moreover, government relations can be
affected by agreements with third party billing companies and the degree of
symmetry between medical records documentation, procedure coding, and claims
filing. Your attorney can be an invaluable source of guidance on these matters. In
addition, if operating problems develop, your attorney may be able to resolve the
problems by correspondence, informal conferences or administrative hearings instead
of by court proceedings. Furthermore, he or she may be able to prevent such
problems from escalating into allegations of civil fraud and abuse or criminal wrongdoing.