Unless you are a solo, independent contractor, your business will most likely require legal help to remain viable. Interacting with the public, selling products, selling services, hiring employees, or owning property all create legal obligations and liability exposures that must be managed.
A legal violation or a lost lawsuit can cost your company millions of dollars. Many companies cannot survive the worst legal trouble. With a corporate lawyer on your side you’ll avoid most problems while giving your company its best fighting chance to survive.
What does a commercial lawyer do?
A commercial lawyer works with companies from every size and industry, ensuring their legal needs are met.
These needs start even before the company is fully formed or purchased. If forming a company, there are legal considerations to evaluate before choosing a business structure. If you’re purchasing a company it’s wise to consult with a business lawyer who can help you navigate the due diligence process.
Certain regulatory concerns and obligations must also be taken into consideration and met prior to company formation. For example, if you haven’t consulted with your lawyer you might not be aware that Federal or provincial regulations require you to purchase certain pieces of equipment. Having this information can have a vast impact on your business plan and on your efforts to raise capital.
Finally, your business lawyer serves you on an ongoing basis. There are contracts to review, liability issues to consider, employment issues which might arise. Eventually, almost every business ends up facing down some kind of litigation proceeding. Your lawyer is there to help you with that, as well.
Who needs a compliance lawyer?
While there are regulations governing many industries, certain industries in Canada need a compliance lawyer no matter what. These are:
- Agriculture, food, forestry, and fishing
- Nuclear, oil, gas, and mining
- Broadcasting and telecommunications
- Drug and health products
- Cultural trade and investment
- Retail, construction, and transportation
- Financial services
Yet the federal government isn’t the only one you have to worry about. For example, anyone starting a business here in Moose Jaw may need to contend with one of 66 provincial regulatory bodies responsible for their industries. This includes things you would expect, like dentists and chiropractors, but also things you wouldn’t, like information technology.
If you’re not sure whether your industry is regulated then it’s important to reach out to a business lawyer before you begin serving customers.
Why Merchant Law?
You don’t have to go far to get 20-30 years of business law experience on your side. We’re right here in Moose Jaw, and we’re looking forward to serving you. We’re tough litigators and hard-nosed negotiators. We’re also highly adept at spotting problems before they arise, helping you to get prepared for them.
Want to set an appointment? Call (306) 693-7777 today to get started.