Whether you are a new start up or a well-established business, there are aspects of the Law that will apply to your business at all stages of its life cycle. The RNG Lawyers Commercial Law Team have put together a helpful list of tips to make sure your business is set up as best as it can be.
Top business law tips from RNG Lawyers:
Avoid verbal agreements as common understanding goes out the window in a dispute and to the grave on death. If it is not written it is not done.
Have a Business Succession Plan between business partners which considers financing of retirement, death or disability.
obtain legal advice before entering into any commercial arrangement or signing any legal document
Review your Will and Powers of Attorney regularly to meet your changing circumstances and ensure that it provides appropriate asset protection.
Only provide guarantees after obtaining independent legal advice.
Register all intellectual property rights including trade marks, designs and patents in a separate entity, not your trading entity.
Quarantine your family assets from your business assets in the event of worst case scenarios.
For more information about our business law services, please see our business law page or feel free to get in contact with one of our expert Business Lawyers
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