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Legal considerations regarding acquiring a new business

On Behalf of | Feb 4, 2015 | Mergers & Acquisitions

No matter if you are opening your first small business or are in the process of acquiring another business entity, you can find yourself confronted by a number of unique legal concerns. The attorneys at the Law Offices of Levi Williams, P. A., are well acquainted with Florida state and federal business law guidelines, and strive to assist their clients in addressing all legal aspects of the merger and acquisition process.

There are so many factors that go into starting or acquiring a business that you may not be familiar with all of the legal considerations that can come into play during the various stages of the process. For instance, you may not realize that selecting the entity type that your business will be identified as can have a profound impact on your business taxes and other functions. Similarly, establishing effective policies and practices for your business early can go a long way to prevent and address the huge array of legal issues that can arise along the way. Creating sound employment contracts and marketing guidelines is crucial to productivity and employee satisfaction, for instance.

As a business owner, it is also important for you to remember that your recently acquired business should comply with state and federal regulations from the very beginning. As a result, it may be necessary to consider whether and how your business plan meets standards outlined by OSHA and other regulatory agencies. Beyond that, a clear and comprehensive legal plan should be instituted for addressing employment law concerns like wage laws and unlawful discrimination claims.

Accounting for business law issues before they arise is an important aspect of ensuring that your startup or acquisition is successful. You can learn more about the many legal factors of buying a company by visiting our web page today.