As the owner or manager of a new business, you may not realize that you need legal representation before it is too late. New businesses might have to speak to lawyers for many different reasons, including formation of a business entity, hiring employees, or an impending lawsuit.
Formation of a Business Entity
The first time that new businesses often need a lawyer is to form their business entities. Business entities are the means by which businesses are structured, and can include companies, international business companies (IBCs), partnerships, or other types. If you start a company, you probably will need a lawyer to help you prepare all the paperwork. In addition to forms that the Bahamian government requires to create and register the business, you probably also need articles of incorporation or a partnership agreement. A lawyer can help you with these needs.
Hiring Employees for Your Business
New businesses often need lawyers to assist them with new employee hires. Your business may want an employee handbook, employment agreements, confidentiality agreements, or other documentation. Further, your lawyer can advise you on current employment laws governing areas such as discrimination, unionization, and dismissal.
Impending Lawsuit or Claim Against the Business
Businesses that have not had much contact with lawyers may suddenly find themselves needing legal help if someone makes a claim against them. When you open a new business, a legal claim could suddenly arise and threaten the business's financial stability. Claims can affect a business's reputation and customer base too.
You may find out about a legal claim by receiving legal paperwork from the claimant's lawyer, by receiving a letter or phone call from a disgruntled customer, or by other means. If you get word that someone is threatening a lawsuit, the first thing you should do is seek legal advice without delay. You might make the situation worse by attempting to resolve the dispute on your own.
To find out more about legal representation for new businesses, visit Gonsalves-Sabola Chambers online or call the office at +1 242 326 6400.
The hiring of an attorney is an important decision that should not be based solely upon the information contained in this website. This website is designed for general information purposes only and the information provided should not be construed to be formal legal advice nor the formation of an attorney/client relationship.