Employment Law Is An Important Part Of Business Law

Business law is one of the branches of the huge field of law. There are many things one has to keep in mind when starting a business; let it be a small or a large business. Breaking these laws may land you in deep trouble, so it is always advisable to have some basic knowledge of both small business law and business corporate law. With this knowledge, you are sure of being able to run your business smoothly without any hindrance from the law whatsoever!

One of the most important areas to consider in business law is employment law. If you don’t comply with all the employment laws and regulations, it is highly likely that you will end up in lots of trouble! There are different laws that actually rule the employment basis of both the regular employees and the contract employees of a business. Some of the employment business laws that have to be met by you are FLSA, the Fair Labor Standards Act, The Immigration Reform and Control Act of 1986, Americans with Disabilities Act, the Civil Rights Act of 1966 and the Equal Pay Act of 1963. However, these laws are not connected to the various state employment business laws that you may find to your business! These laws are a different thing altogether. To confirm that your business meets all the employment laws, it is always better to checkup with your HR department.
To run a business, it is important to have a business permit or a license. If you do not have one, there is a high possibility of you having to shutdown your business and to pay hefty fines and penalties. Moreover, in addition to federal business law it is required that you meet the state business law regulations too. And if you have an international based business, you have to be aware of the different international business laws and how they can affect your business, you and your bottom line. You at least have to meet the general international business laws, import laws, any specialized export laws and laws of the country you maintain business with.

Those running online businesses may be of the impression that there are no business laws pertaining to the internet. However, this is not so. There are many internet and online business laws that have to be followed to maintain any online business. The reason for these laws is that the internet explosion over the past decade has forced the government to introduce internet compliance laws to maintain some law and regulation over the internet. So if you by any chance run a website make sure that you abide the internet business laws. If you don’t do so, there is a high possibility of your site being shut down and of you, in the mean time, facing criminal prosecution and huge fines.

Remember that it is not advisable for you to try and comply with all the business laws on your own. There are numerous laws, and the best mode of avoiding falling into any trap would be to get the help of some professional business law firm. These tips are just to give you an idea of the types of business laws existing. However, even if you do hire a business law firm, it is also better, and important for you to have some basic knowledge of business laws!

The Importance of Appointing Irvine Business Law Attorneys

In running a business in Irvine, no matter how big or small your operations may be, there is a strong possibility that you will need the aid of a business law attorney to handle all your legal predicaments. This is certainly important to reassure that these problems will not prevent your business’ potential growth.

However, the right time and circumstances of hiring a lawyer should depend on the severity of the situation. Better then if you would know how to determine if a business aspect deserves the assistance of a legal expert.

Here are some major situations wherein you need to ask assistance of these legal professionals.

Seek expert advice from Irvine business law attorneys when:

You and your other partners decide to plan your Limited Liability Company’s operating arrangements or prepare special allocations of your earnings and losses.
Any among the owners intends to put his appreciated property to the partnership or LLC
You are planning to acquire a business
You are engaged in a major environmental problem that affects the smooth operation of your business
If someone, among your employees is setting up a legal action against you or your company regarding discriminatory acts or a sexual harassment case.

These scenarios often cost a business a large amount of money if not dealt with accordingly. Such amount and potential harm your business may get from it is even more threatening that how much you shall have to pay for your legal advocate. Thus, you should not take chances and seek immediate help from a qualified business lawyer.

Meanwhile, these are other business dealings that may not need the aid of a lawyer. Yet, it is still upon your capability. Most businesses still actually hire Irvine business law attorneys in these cases:

Researching and filing a reservation of a trademark or name of the business
Drafting a partnership or shareholder’s contract or LLC operating arrangements
Applying for a particular fictitious business name
Applying for various licenses and permits as required under the law
Hiring job applicants and accomplishing all the necessary paperwork

On the other hand, you must be aware that not all legal professionals have an outstanding credibility in handling legal issues in doing business. This particular field of law requires long period of trainings and studies. If you unintentionally hired an incompetent attorney, this will definitely give you bigger problems.

Hence, in searching for the right business attorney, it is better if you would closely examine his legal background. See to it that he has already won most of his other cases that are business related.

You may also choose from the California State Bar Association’s list of Irvine attorneys who are authorized to handle business legalities. In this way, you can also be sure that your prospect attorney to hire is free from any legal impediments.

Finally, it is not always too expensive to hire a business advocate’s assistance. Even some law firms are more than willing to assess your business problem. In this manner, you may be able to determine if you have the money to pay for their services before hiring them.

Services You Can Get From a Business Law Firm

If ever you are wondering what particular services you can get from a business law firm, the following can help answer the questions you might have in mind. I have gathered some of notable legal services below.

A business law firm can help address issues concerning the following:

Civil litigation

A business law firm can help in civil litigation. This has something to do with addressing issues like purchase and sale contract breaches, service and supply contract breaches, shareholder and partner disputes, trade secrets, fraud, etc. It can provide representation to clients in all forum of dispute resolution, including jury trials, arbitration and mediations.

Construction Law

It is also able to provide client support in all aspects of construction law including contract review, bid protests, construction claims, prevailing wages and labor disputes, negotiation through project assistance, business formation and licensing. Dispute resolution can be through litigation, mediation or arbitration.

Corporate and business

For corporate and business issues, it can help clients in entity formation and infrastructure, commercial transactions such as manufacturing and supplier agreements, merger and acquisitions.

Estate planning, trust and probate

Clients go to business law firm for estate planning, trust and probate issues. Some of these issues that a law firm handles include assets and healthcare decisions, ensuring children, ensuring estate, issues on concerning inheritance, etc.

Intellectual property

For intellectual property issues, a business law firm can help in litigation, which includes trade secret, unfair competition, patent, and the like. It can also provide assistance for your technology transaction needs like licensing, manufacturing, development and distribution agreement.

Labor and employment

For labor and employment, it can represent employers in all facets of employment law, which include defending employment discrimination, wrongful termination, unfair completion, sexual harassment, and the like. It can also help in labor relation issues such as includes organizing union campaign and terminating union contract, etc.

Real estate law

A business law firm is also capable of providing assistance for real estate issues such as property purchase and sales, real estate litigation, commercial leasing, title issues, easement and license dispute, as well as real estate broker and agent commission disputes.

So, now that you know some of the services a business law firm can give the next challenge you may face is knowing which particular legal service provider to choose the moment you will need these services. As a general rule of thumb, it is imperative that you are able to check its reputation and the following criteria can help: years in service, number of complaints, number of good reviews from both previous and current clients, and certifications.

Business Law Impacts All Aspects of the Commercial World

The generic term “business law” covers every aspect of commercial interactions today. In its broadest sense, the term can be defined as the group of laws, regulations, and practices that apply to commercial entities such as companies, corporations, and partnerships. These statutory requirements involve the entire spectrum of interactions from forming a new enterprise, negotiating contracts, arranging financing, meeting all government requirements, and any other topic or activity that impacts, directly or indirectly, the operation of a business.

In this highly specialized area, the legal practitioner has to have a broad spectrum of knowledge in order to represent the interest of his or her commercial clients adequately. It is easiest to view this type of practice from the life cycle of a business operation to understand its scope.

Starting a New Enterprise

One of the most important aspects of business law is how to set up a new corporation or company. The law of corporations, local licensure requirements, as well as dealing with contracts for the space that the company will occupy, all require various legal formalities to be met even before the doors can open for the first customers. Employment laws for employees have to meet federal and state requirements.

Financing agreements are an essential part of the stage of the business cycle. Legal practitioners will negotiate with lenders, ensure that all forms are filed properly with the Federal, State, and Local authorities, and help establish the necessary record keeping that may be required for that particular operation.

Day-to-Day Transactions

Once things are up and running, business law attorneys will be involved in many daily transactions. Handling the negotiations of contracts and representing the client in various legal actions that may involve issues of breach of contract, liability, and statutory violations are just some of the matters where lawyers in this field may be called upon.

As the company grows, concerns involving secured transactions, securities (stocks and bonds), SEC filings, and other related subjects would also become part of a commercial lawyer’s practice. As governmental regulations continue to become more complex, making certain that a commercial client is in compliance requires an even higher level of diligence from practitioners in this legal field.

Changing or Merging the Operation

One of the most dynamic areas of business law today is that of mergers and acquisitions. It is difficult not to look at the financial news without learning about the latest buy-out, merger, or hostile take-over of one company by another. At the heart of this activity are the lawyers who represent the concerned parties. In addition to involving the transfer of ownership and financial arrangements, it is often necessary to obtain government approval to complete the deal. It is no wonder that specialists in this area of the legal profession are highly sought after for their expertise.

All aspects of 21st-century commercial enterprise involve the application and practice of business law. Navigating the complex legal waters is best accomplished by the retention of a competent, experienced counselor who understands the legal complexities of running a successful operation today.

Must See Resources for Maryland Small Business Law Issues

As any business owner can tell you, there’s a huge range of potential small business law issues which you can run into, starting from the business’s inception, and continuing practically each and every day from there. However, the good news is that there is a great deal of free information available online to help you sort through the mess. Here, you’ll find a list and overview of recommended, high quality resources for Maryland small business law issues.

The first place you may want to visit will be ChooseMaryland.org. This is Maryland’s Department of Business and Economic Development website, and it has many fantastic resources, including its step by step guide to starting a business.

You’ll also find a huge range of documentation and resources for Maryland business law, business-to-government issues, certifications, contracts and permits, and more. If you’re ready to jump right into it, you can download their 88-page “Guide to Legal Aspects of Doing Business in Maryland” to see for yourself what you’re dealing with.

Another destination should be Maryland.Gov. When you visit that website and navigate to “working” you’ll see a series of resources and links about business. This will take you to other official state websites and documentation on everything from labor laws to taxation and more.

The Maryland Department of Assessments and Taxation website is available at DAT.state.MD.US, and has a great deal of helpful information for Maryland small business law issues, including the appropriate filing and registration of a new business entity, the tax levels and financial-legal concerns of small businesses and on down the line from there.

The next website doesn’t deal with Maryland law issues specifically, but it’s all about the successful operation of a small business, and dealing with common legal matters. The site is Nolo.com, and within that, its “Running Your Small Business” guide. It has in-depth guides on issues such as contractors, eCommerce, business litigation, buying and selling businesses, and more.

Of course, there are also official federal government websites, such as the U.S. Small Business Administration, and Business.Gov. These will deal with federal issues, but will also provide information for state-level concerns, while providing access to the appropriate state-run departments.

Hopefully you now know about a few more places where you can go to learn more about Maryland business law issues. There’s a lot to consider, and whenever you’re in doubt, you should always seek professional legal assistance. The cost of hiring a lawyer is small when compared to the costs of not doing so, and in many cases, free consultations will be available.

When you’re ready to work with an experienced and affordable Maryland small business lawyer, contact the Law Offices of Brandon Bernstein, LLC today. You can visit their website at BrandonBernsteinLaw.com to get started, and see how they can help you with business start-up, outside general counsel services, Maryland small business litigation and more.