What Are the Risks to Your Business?

If you completed the risk assessment questionnaire you may have questions of your own about the potential legal risks your business may face. Keep this explanation of each point in your files for reference. You can always contact me at 480-825-4509 or admin@wendyandersonlaw.com if you need some help.


Employment Laws

There are a myriad of employment laws to follow. With even just one employee, laws govern wages and overtime, labor practices,
and workplace safety. Knowing state and federal laws will reduce the chance of being penalized for violations.


Intellectual Property

While your original content and art are eligible for federal copyright protection, you may want to license it to clients who will pay you to use it. Protect your valuable intellectual property with documentation that prevents others from infringing on your rights.

Customer Contract Terms

A short business agreement may look good, but likely omits critical topics that would clarify the obligations that a business owner is making to its client – and vice versa. Make sure your company is protected with clear language that everyone truly understands.


Independent Contractor Classification

Using independent contractors, instead of employees, for certain job functions can be risky. Evaluate the roles according to the appropriate legal tests to be sure you’ve classified your workers correctly, minimizing your risk for lawsuits and penalties.


Legal Issues with Customers, Employees, Suppliers, and Contractors

 Legal issues related to your business arise continually. Having clear documents that define the parameters of a relationship and having a business attorney to call will provide the peace of mind that you can resolve them with minimal, if any, legal or financial liability.


Outstanding Accounts Receivable

A solid agreement will spell out the legal impact should a client refuse to pay. Remove any ambiguity about the expected results of your work so that they cannot claim that you failed to provide the full service.


Workers That Drive or Travel for Business

Under the concept of respondeat superior, your company is fully responsible for the negligent actions of employees who are acting within the scope of their job when an accident occurs. Be sure to have current policies to reduce your risk and protect the company. New Paragraph

Employment Practices

State and federal employment laws and guidance change frequently. Keep up with minimum wage escalations, paid sick time requirements, and employee privacy rights. Bringing on resources to keep you informed is a smart move. Make sure your workers understand your policies related to time-off, social media use, drugs and alcohol.

 

Contracts You Sign

If another person asks you to sign their contract form, the terms likely favor them, and not you. Certain topics may be difficult to decipher but could be critical should there be a disagreement. Stay protected by thoroughly reviewing and understanding the terms before you sign.



General Legal Vulnerabilities

Owning a business is all about risk and reward. But minimizing the risk and maximizing the reward is not just luck. Acting proactively to avoid unforeseen liabilities will be less costly, time- consuming, and stressful than being the defendant in a lawsuit.

If what you’ve read concerns you, or if you think you need to tighten up policies or procedures in certain areas, don’t hesitate to call or email to schedule a no-obligation risk consultation to discuss how, together, we can minimize the legal risks to your business.


480-825-4509 | admin@wendyandersonlaw.com

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