Preparing for the future in your Business

It’s still summer, we’ve almost got one quarter left in this calendar year – are you prepared?

When thinking about preparation within the context of a business, it’s not just about legal obligations, however, may tasks include legal obligations.

If you’re going to downsize your workforce because of the recession, you have legal obligations in terms of notice or money in lieu of notice that you must pay those who are downsized,

If you’re going to sue a customer for lack of payment, you need to be sure the interest rate you want to charge is on your invoice, as an annual amount. If you don’t do this, you’ll get the very low Courts of Justice Act rate and you do not want that.

If you’re going to spend money on your branding, then spend the money ($ 2000.00 flat fee + disbursement and taxes) to Trademark your brand. If you don’t, you’re going to spend a lot more than that trying to protect it.

If you’re going to die (we all are) then you need a Will and if you have a Corporation, you probably need a corporate will as well.

All in all, if you’re going to move forward (or backwards) in business you’re going to need a lawyer, preferably a business lawyer. We’re here if you need us.

Inga B. Andriessen JD