Does My Small Business Need A Lawyer?

Starting a business of any kind can, and hopefully will, be an exciting time. You have the idea, the know-how, the ambition and the energy. You can do it your way, and you and yours can reap the rewards of your business success.

Despite all this, not all people will have the knowledge required to properly establish the business, or ensure that it complies with its ongoing requirements. In fact, few people will.

Putting the excitement and energy to one side, it is important to think through the practicalities of owning and operating a business. It is also important to get things right, and to comply with the relevant laws, preferably from the outset. For instance, in the very beginning, the proprietors (owners) will need to consider, amongst other things:

  • the structure through which the business will be conducted?
  • the name of the business, and whether this requires registration?
  • agreements between business owners;
  • purchase and/or franchise agreements, if applicable;
  • the Australian Business Number application;
  • whether or not to register for Goods and Services Tax or PAYG withholding?
  • any specific licensing and registration requirements?
As experts in small business, our Gold Coast and Brisbane lawyers can assist your business to grow and implement the correct policies and procedures.

Once the business is operational, business owners and managers will probably need to consider entering into contracts with suppliers and/or clients (indeed, you may even need to have contracts drafted). What if the business is not paid by a client, or if the business cannot pay its debts as they fall due?

A lease of premises may be contemplated and, in time, it may be necessary to consider employing staff (and perhaps terminating them).

These are but a few of the issues likely to be encountered by the micro and small business owner, and professional information and advice will assist in dealing with each of them.

Successful business operators appreciate that they cannot do everything, especially that which requires specific expertise.

If you are starting a small business owner in need of legal advice contact Dylan & Inns Gold Coast and Brisbane on 1300 36 32 10, or email hello@dylaninns.com.au.