Attorney Matthew C. Mullhofer Provides "Top 10 Reasons Business Owners Must Have a Relationship with an Attorney"

    MARINA DEL REY, CA, January 07, 2010 /24-7PressRelease/ -- Businesses fail or succeed for a number of reasons. You may have a great idea, a perfect plan, and the cash flow to support it. But if you don't know the law, (or have an ally who does), it could all be moot. Don't be a victim of poor planning. Any of the following could be said about a business that goes awry:

1. They are operating their business without properly drafted written agreements containing safeguard to maximize their protection in the event of a dispute.

2. They remain unaware of the myriad of governmental regulations they are responsible for complying with and the consequences for failure to do so.

3. They do not realize that by incorporating their business they eliminate personal liability exposure in the event of a lawsuit and gain tremendous tax advantages.

4. They are unaware of the vast number of employment laws they immediately become subject to upon hiring even one part-time employee.

5. They have no contractual agreements in force (e.g. mediation and arbitration) to avoid drawn out litigation with its costly attorneys fees and potential for large jury verdicts.

6. No provisions are in place to address situations where a partner wants to leave the business or be bought out.

7. They may have misclassified workers as independent contractors instead of employees which can result in exorbitant penalties and interest.

8. No efforts have been made to prevent the theft or misappropriation of their company's intellectual property (ideas, trademarks, trade secrets, copyrights, etc.)

9. They are unaware of the hidden pitfalls included in their office space leases that could, if they arise, substantially increase their cost or lead them into bankruptcy.

10. They lack a costs effective plan to collect their stale accounts receivables causing them to lose their hard-earned money.

At The Law Office of Matthew C. Mullhofer, we have hands on involvement in the business decisions of our clients allowing for the early identification and minimization of potential problems. Through implementing your legal and tax strategies, our clients have saved hundreds of thousands of dollars in costly decisions and litigation. Please feel free to contact us to schedule a private meeting.

The Law Offices of Matthew C. Mullhofer
Broadway Plaza
2107 N. Broadway, Suite 103
Santa Ana, CA 92706
Tel: (714) 827-9955
Fax: (714) 827-9966
[email protected]

http://www.protectmyassets.com/

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