What They Can Do For You - Business Lawyers

Business lawyers and attorneys can advise you on how to properly structure your business, (be it through a sole proprietorship, partnership, joint venture, corporation), on how to deal with disputes that may have arisen during the course of your business operations, or on how to dissolve the business. With respect to the latter, it is worth mentioning that I have and am dealing with a number of business dissolution here in Toronto (it may be the poor economic times?). There are a number of issues which come up which you may not realize (i.e. unless you're a lawyer and you are trained on and deal with these things regularly). Typically, these issues include:

* Division of business assets.

* Responsibility for business liabilities - particularly the lease, supplier agreements, employment agreements, and tax obligations.

* Preparing the necessary paperwork (e.g. bookkeeping, taxes, government forms) to dissolve the business.

* Ensuring compliance with the business' internal documents (e.g. partnership agreement, corporate by-laws and resolutions, shareholder agreements, and articles of incorporation, etc.).

* Informing customers (both past and present), employees, and other stakeholders of what is happening with the business.

At the end of the day, you will likely need a number of documents and agreements prepared by a business lawyer in order to help oversee the business dissolution. For example, you should have a lawyer explain the various options and then draft some type of dissolution agreement for all the parties to sign off on. Next, you may need your lawyer to draft and/or negotiate terminate and release of liability agreements for landlords and suppliers, etc. Finally, your lawyer may be called upon to prepare the government forms to submit in order to dissolve the corporation. Finally, if business partners take issue with and dispute the steps along the way towards dissolution, then lawyers may be also called upon to try to negotiate a settlement or resolve the issues through litigation.

In any event, you should definitely consult a business lawyer before trying to do any of these things yourself. Doing so will save you time, money and aggravation in the long run and make sure that your rights are protected and your interests

Business lawyers and attorneys can also help you understand your legal rights and obligations with respect to your business. They can tell you if a particular course of action could be challenged by (1) breaching a private contract, (2) giving rise to a possible tort liability, and/or (3) violating a statute or regulation established by the government.

Source: Ezinearticles

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Employment Law Is An Important Part Of Business Law

Business law is one of the branches of the huge field of law. There are many things one has to keep in mind when starting a business; let it be a small or a large business. Breaking these laws may land you in deep trouble, so it is always advisable to have some basic knowledge of both small business law and business corporate law. With this knowledge, you are sure of being able to run your business smoothly without any hindrance from the law whatsoever!

One of the most important areas to consider in business law is employment law. If you don't comply with all the employment laws and regulations, it is highly likely that you will end up in lots of trouble! There are different laws that actually rule the employment basis of both the regular employees and the contract employees of a business. Some of the employment business laws that have to be met by you are FLSA, the Fair Labor Standards Act, The Immigration Reform and Control Act of 1986, Americans with Disabilities Act, the Civil Rights Act of 1966 and the Equal Pay Act of 1963. However, these laws are not connected to the various state employment business laws that you may find to your business! These laws are a different thing altogether. To confirm that your business meets all the employment laws, it is always better to checkup with your HR department.To run a business, it is important to have a business permit or a license. If you do not have one, there is a high possibility of you having to shutdown your business and to pay hefty fines and penalties. Moreover, in addition to federal business law it is required that you meet the state business law regulations too. And if you have an international based
business, you have to be aware of the different international business laws and how they can affect your business, you and your bottom line. You at least have to meet the general international business laws, import laws, any specialized export laws and laws of the country you maintain business with.

Those running online businesses may be of the impression that there are no business laws pertaining to the internet. However, this is not so. There are many internet and online business laws that have to be followed to maintain any online business. The reason for these laws is that the internet explosion over the past decade has forced the government to introduce internet compliance laws to maintain some law and regulation over the internet. So if you by any chance run a website make sure that you abide the internet business laws. If you don't do so, there is a high possibility of your site being shut down and of you, in the mean time, facing criminal prosecution and huge fines.

Remember that it is not advisable for you to try and comply with all the business laws on your own. There are numerous laws, and the best mode of avoiding falling into any trap would be to get the help of some professional business law firm. These tips are just to give you an idea of the types of business laws existing. However, even if you do hire a business law firm, it is also better, and important for you to have some basic knowledge of business laws!

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Your Toronto Personal Injury Lawyer

A Personal Injury Lawyer Toronto is a specialist that helps people receives compensation for injuries. Toronto Injury Lawyers are the ones who focus and know all the rules with regards to suffering of those who are the sufferers of accidents. There are lots of lawyers that understand the law in making sure the rights of the victims are fully defended. These lawyers help the injured get their most compensation from their accidents such as vehicle accidents, slip and fall injuries. It doesn’t matter the kind of accident you may have to deal with, these Toronto Personal Injury Lawyers are the best in getting you the right award.

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Business Law and necessity of Privacy Policies for business through Online Mode

If you are involved in running a businesses, you should be familiar with the law surrounding businesses and their relationship with other parties (might be a complicated one). Business law is meant to keep businesses in line with the law, as well as internal businesses problems, like workers compensation and trading disputes. One of the most common problems that most businesses face is how to resolve their disputes. These disputes can range from internal employee problems to defending a business from the federal government. Whatever the situation may be, there are several methods that business lawyers use to help resolve business disputes.

We all know that there are various mode of doing business, when the business is done through online medium the situation becomes more complicated . Hope many of you have noticed that most website include links to their "Privacy Policies" near the bottom on their home pages. You might have even tried to read through one of these Privacy Policies and understand what their purpose. They are so much legalese that it might be hard to figure out what it meant, and why it was there. If you are looking to maximize the protection of your online assets, you need to prepare and properly implement an appropriate privacy policy on your website.

Let's start with what privacy policies are, and how to prepare one that's best suited for your web-based business.

What are Privacy Policies?

A privacy policy is a written statements that sets forth the terms and conditions under which your website handles the personal information that it obtains from anyone who visits the site. There is no required length or standard form for a privacy policy, though many of them contain the same kind of terms and language. The Purpose for preparing your own website privacy policy are accuracy and clarity. First and foremost, your privacy policy should describe the things you do or might do with the personal information you collect from your website visitors.

As a starting point, your privacy policy should contain the following elements:

1. Identify the types of personal information your website collects about its visitors.
2. Describe how you use the information that is given by or collected from your visitors.
3. Describe how a website user can review and make changes to their personal information, if that's an option available to them.
4. Describe how you will declare changes to your privacy policy.
5. Provide your contact information.

Thought it is not compulsory for each types of business to have a privacy policy but it can safeguard you from any such future business liability. It is believed that those who collect any personal information from their visitors , then they must have a privacy policy apart from that it is not compulsory to have it. Not having an accurate privacy policy can expose your business to liability in a number of different ways.The first is that you might face liability under a growing number of state laws aimed at protecting consumer privacy.

If you haven’t yet prepared any such privacy policy or if you think of making a start than you don't need to start from scratch when you prepare your privacy policy. There are a number of resources available on the Internet that will serve as great starting points for your own privacy policy. But beware of simply copying another website's privacy policy word for word. This will increase the chances that the policy doesn't match what you do with your customers' personal information.

Take the time to make sure that the privacy policy actually matches the way you do your business, and meets the minimum standards. If you have the resources, consult with a qualified advisor to make sure the proposed privacy policy works for you and your business. This will help you maximize the protection afforded to your online assets.

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