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Article from Issue 2 Fall 2003

TIPS ON THE MANAGEMENT OF LEGAL CONSIDERATIONS

An unfortunate part of doing business is that legal difficulties can easily arise.  Often they affect the smooth and profitable operation of the business. All too regularly, these problems are avoidable because they result from what may seem like minor oversights or postponement of “non-operational”, possibly mundane matters:

  1. Failure to manage employee/contractor relationships.
  2. Failure to manage customer/supplier relationships.
  3. Failure to plan an appropriate succession strategy.
  4. Failure to protect valuable intellectual property.
  5. Failure to manage personal liability.
  6. Failure to manage shareholder/owner relationships.
  7. Failure to protect key business assets (including shareholder loans) from creditor/litigation claims.
  8. Failure to integrate personal or business tax planning opportunities.
  9. Failure to consider the impact of foreign laws and failure to consult with foreign counsel.
  10. Failure to maintain proper legal documentation and records.

Getting proper legal advice for these aspects of your business usually means less aggravation and more dollars in your pocket!

Avi Goldstein

Wilson, Vukelich, LLP

60 Columbia Way, Suite 710, Markham

905-940-8733

Or contact Avi via agoldstien@wilsonvukelich.com

More Helpful hints at www.wilsonvukelich.com

A specialist in Corporate and Contractural law, Avi revels in helping medium and small businesses avoid pitfalls and arrange beneficial, tight collaborations.   Always available for questions, you’ll find Avi personable, realistic, and forthright.  Avi knows business and cares for his clients.          - Editor

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