1.
Business Structure: Choosing between a sole proprietorship, partnership, LLC, or corporation affects liability, taxes, and operational flexibility.
2.
Contracts and Agreements: Drafting clear and enforceable
contracts with suppliers, clients, and employees minimizes disputes.
3.
Intellectual Property: Protecting patents, trademarks, copyrights, and trade secrets is crucial for maintaining a competitive edge.
4.
Compliance: Adhering to local, state, and federal regulations, including licensing and permits, is essential for legal operation.
5.
Employment Law: Understanding labor laws, employee rights, and benefits helps avoid legal issues with staff.