Starting a small to medium sized business?

You probably need legal advice!

It can be a very daunting task opening your first business, so you need to make sure you dot all the I’s and cross all the T’s. This includes making sure your business conforms with all the legal requirements!

Regulatory & Legal Standards

Many different industries have different rules, regulations and legal codes that apply to them. This means that before you open your business, you need to be fully aware of your obligations under the relevant law.

For example, opening a restaurant or café requires you to comply with the Food Act, the Food Regulations, the Food Standards Code, and the Public Health Regulations. If you intend to sell liquor, you are legally obliged to obtain a liquor licence.

Failing to adhere to laws and regulations can see hefty fines imposed (or even worse, getting sued). No one wants to be in the middle of running a business and then get notified that they must pay a substantial fine!

Contractual Arrangements

Nearly all businesses will be engaged in negotiating contracts with suppliers and customers etc. Having someone draw up and go over your contracts can prevent you falling into any disadvantages such as finding yourself locked into something you did not intend to!

There are strict laws surrounding the validity and enforceability of contracts. Legal contracts aren’t limited to just written agreements, oral agreements can still be considered contracts and you need to be aware of anything you may be agreeing to verbally.

The law can become very convoluted dealing with contractual obligations, that’s why it is always best to have a legal representative by your side! It can be an exciting and profitable venture opening your first business, and we at Camena Legal want to ensure that you are able to do so smoothly.

If you need legal advice about opening your first business, get in touch with us and one of our specialist lawyers will be happy to assist you.

For more information on any of the materials contained in this article, please contact us at [email protected] or on (08) 8310 0054.