Your business lawyer in Tampa is there to protect you. They are sort of like your fairy godmother. While you are busy focusing on growing your business, your lawyer in Tampa is busy making sure your business in protected. Below are four ways that your small business can avoid litigation so that you can continue to focus on growth.
- Have It in Writing
It’s always a safe bet to have any and all agreements in writing. That way you can have your lawyer in Tampa look through any contract or agreement before you sign them. Don’t let your business fall prey to any oversights or mistakes because you didn’t have an agreement in writing or because you didn’t have your lawyer review it beforehand. Plus, you want to ensure that the agreement is favorable to you, so don’t skip out on this. You could end up making a costly mistake if you do.
- Financial Security
If you plan to lend out money, make sure you are protected. If your debtor hits a financial hardship, they will have to prioritize their creditors. Protect yourself by ensuring that you loan is secured by collateral. This will almost always ensure that you receive your money before any other creditors who didn’t protect themselves.
- Receiver Your Payment in Advance
This is another important step in protecting your business. This only applies if it is possible, but when it is possible, it really is a good protection. By having the customer pay up front, you protect yourself from any unethical customers who purposely drag their feet in paying or try to skip paying altogether.
- Organized Transactions
Remember to remain organized when dealing with your business. Don’t become complicit, even in your routine menial transactions. Additionally, make sure to protect yourself, even with businesses that you have worked with for years. It’s never a good to leave your business exposed, so don’t even ignore your perceived safety agreements.
These helpful tips are to remind you to be ever vigilant for your business. Consult with your business lawyer in order to avoid any costly mistakes that could really hurt your business. Check out our blog for more tips and info. Contact us today about meeting one of our lawyers!