Your vision is coming to fruition, and you’re ready to launch your online business. That business, like any company, needs a proper legal foundation to protect you, your employees, and your clients.
Internet law changes rapidly. Having a business lawyer to guide you can help you avoid legal speed bumps that impede the growth of your business. Here are 10 reasons why you need a start-up lawyer for your online business.
1. Registration, Permits, and Licensing
Your online business should be registered. It may need permits and licences to operate legally in one or multiple states. An experienced business lawyer can advise you on the legal requirements and documentation necessary for the company you want to register.
2. Business Structure
An online business lawyer understands what is needed for each business structure. Discussing your business plan and future goals can help you choose the right business type, whether a sole proprietorship, partnership, or LLC. Selecting the right business structure is necessary for liability protection.
A responsible business owner needs to understand the laws governing hiring employees. A lawyer can help you draft contracts for your employees to ensure that you do not violate laws governing employee compensation, leave, discrimination, or their health and safety.
4. Tax Compliance
Tax laws are complex, and the consequences for non-compliance can be dire. Your business lawyer can help you stay abreast of tax deadlines to avoid legal and financial penalties. They will also keep you updated on changes in tax laws and advise on any available tax advantages.
5. Intellectual Property
Your online business is your intellectual property. Your logo, content, and services should be protected by copyrights, patents, or trademarks. Based on the nature of your business, an online business lawyer can guide you on how to protect your intellectual property. They can also help you avoid lawsuits when creating content for your business.
Marketing a business involves more than simply sending emails and having a website and social media. There are laws governing privacy and electronic communications for emails and SMS. Terms and conditions and website disclaimers must be drafted. FTC guidelines must be followed for best practices when marketing on social media. Businesses must also advise their website visitors how cookies will be used and obtain their consent. Your online business lawyer will keep you up-to-date with digital marketing best practices.
7. Risk Management
Every business venture has risks. Your e-commerce lawyer can help you balance your risks through strategic insight. They can evaluate your business and develop contracts and agreements that will help manage future scenarios that could jeopardize your business.
8. Cloud Storage
Most internet-based companies use third-party cloud data storage services. Your lawyer can help you create a plan of action if you experience a breach or data leak.
9. Data Protection
10. Drafting and Reviewing Contracts
Contracts and agreements are required at the start of your business and throughout its life. These agreements become part of the relationships you form with stakeholders and employees. A lawyer can ensure these agreements are reviewed and drafted to protect everyone involved and avoid legal issues.
Start Your Business on a Solid Foundation with RM Warner Law
An experienced online business lawyer will help you comply with the laws and regulations governing businesses. They save you time and money, allowing you to focus on the management and growth of your new business. Call us toll-free at 1-866-570-8585 or fill out our contact form to discuss your case.