Contributed by Alex Holder
When starting a small business, many people run into legal questions that have to be dealt with. Who’s liable for this situation? Are my contracts set up correctly? How do I go about hiring my first employee? Each legal situation is different and requires specific legal advice that can’t be found when searched simply on the Internet. In many instances, a client comes in with a question over one topic, but then multiple other mistakes are found that need revision within the company. Having a relationship with a reliable attorney is key for corporate formation in the beginning and to foresee future pitfalls that may occur in your business.
Here at KMBSP our goal is to take on all of these legal questions with you, and develop a relationship between small business owners and an attorney where legal advice can be sought out whenever necessary in the future.
A major topic small businesses are dealing with is the Affordable Healthcare Act. The act hasn’t taken full effect yet, but it will eventually result in a change within a majority of small businesses. If your business has 50 or more employees, you will now legally have to provide health insurance to all employees. But can your business afford to do this? Paying a penalty in place of health insurance for your employees is another option, but whether or not this is the best route for your business might be hard to decide. When new laws that must be implemented occur, how your business needs to handle them can be unknown in the beginning with such new legislation. The best option here is to consult your attorney to decipher which path is the best one for your business to take away the guessing and stressful areas of the new law. A small business attorney like Mr. Rozzell would be able to point you and your business in the right direction with the Affordable Healthcare Act, and with all other future new laws.