STRATEGIC LEGAL ANALYSIS – A MUST FOR BUSINESSES AND ORGANIZATIONS
Legal issues are unavoidable in business, but strategic planning can minimize the risks. Businesses can implement policies and procedures designed to avoid legal problems and avoid potential legal problems by recognizing and neutralizing them before they materialize.
Many business structures, such as corporations and LLCs, are purely legal entities and are therefore intertwined with the law from the time they are formed. When multiple owners, employees, suppliers, customers and other factors are added, the risks of legal entanglements is elevated.
Although the broad-array of potential legal issues is almost infinite, the following categories encompass a large portion of organizational legal concerns:
BUSINESS FORMATION, ORGANIZATION & STRUCTURE
SOLE PROPRIETERSHIPS
CORPORATIONS, LLCs & LIMITED PARTNERSHIPS
PARTNERSHIPS & JOINT VENTURES
EMPLOYEES & EMPLOYMENT CONTRACTS
RIGHTS AMONG SHAREHOLDERS, MEMBERS & PARTNERS
FIDUCIARY DUTIES
CONTROL AND VOTING RIGHTS
DERIVATIVE ACTIONS
PARTNERSHIP DISPUTES
CONTRACTS & THIRD-PARTY LEGAL ISSUES
BREACH OF CONTRACT
NEGLIGENCE
PRODUCT LIABILITY
FRAUD, UNFAIR TRADE PRACTICES & OTHER CLAIMS