If you run a business it is important to consider where problems could come from. Even if everything is running fine at the moment, it might only take one dispute to derail your plans and dent your finances.
The short answer is that a dispute could come from any quarter. Here are some areas to consider:
Your employees
If you take care of your workforce they should hopefully take care of your business. However, it is not uncommon for employees to get disgruntled with their employer and take legal action against them. The fallout from such an action could affect your relationship with other employees as well as the general public.
Be sure you understand all the relevant employment laws and abide by them.
Your customers and suppliers
You need to use well-written contracts for all your business relationships. They can help you to avoid misunderstandings that might escalate. They also provide you with legal backup if someone lets you down.
The authorities
You likely need one or more permissions to operate your business. Some businesses need a lot of them – it all depends on the business sector and geographical area you operate in. You may need them at a local, state or federal level, or all three.
Failing to get the required permits could lead to the authorities shutting you down, fining you or even pursuing criminal proceedings against you. Rules around permits and licenses can change, so be sure you keep up to date.
If you find yourself facing a business dispute then learning more about your legal options is an important first step to take.
