Wick & Trautwein, LLC
Call Today
Local: 970-237-5694
Toll Free: 866-686-1410

What legal issues are you likely to face as a business owner?

Owning your own business comes with a great sense of accomplishment, and if you can build your business enough that you have to hire help, then you probably feel the satisfaction of helping others. But business owners also face a number of risks, including legal risks. These risks aren't usually a reason not to start a business, but understanding common legal risks for business owners can help you plan ahead so you are in a better position to face any issues that arise.

Hiring others is a huge milestone for any business, but employees are often the biggest risk for a company. Legal battles with employees can range from breach of contract and wrongful termination to discrimination lawsuits. While these lawsuits can -- and often are -- warranted, they can also be the outcome of a different disagreement with a person. Working to ensure you document all hiring and termination processes, and treating all employees fairly under the law, can help you avoid losing such cases.

Even if you haven't done anything wrong, harassment or other cases can have long reaching implications for your legal, financial and brand status. Working quickly and with legal assistance to answer such claims and complaints is essential to protecting your business.

Other types of legal battles that are commonly fought by businesses can include patent, copyright or contract disputes, dealing with audits regarding illegal workers and dealing with claims from dissatisfied customers. Depending on what type of product or service you provide, you might even find yourself facing liability lawsuits for customer liability at some point in the future. All of these are reasons to have a legal professional on your side as you grow and manage your business.

Source: Business Dictionary, "Five Common Legal Issues Faced by Businesses," Leo Sun, accessed March 04, 2016

No Comments

Leave a comment
Comment Information
  • Lead Counsel Rated | LC
  • BBB | Accredited Business
  • 10 Best 2017 Attorney | Client Satisfaction | American Institute Of Family Law Attorneys
  • Preeminent AV | LexisNexis Martindale-Hubbell | PeerReviewRated
  • Best's Client Recommended Insurance Attorneys Listed Over 25 Year
  • Expertise Best car accident Attorneys in fort collins 2018

Fort Collins Office
323 South College Avenue #3
Fort Collins, CO 80524

Toll Free: 866-686-1410
Phone: 970-237-5694
Fax: 970-482-8929
Fort Collins Law Office Map

Windsor Office
421 Main Street
Windsor, CO 80535

Toll Free: 866-686-1410
Windsor Law Office Map

Review Us
Providing You With The Information You Need To
Make The Right Choices For Your Future

We Take Your Emails Seriously

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy