You are a small or medium sized business person and you are starting or have recently started a new business. You have incorporated, entered into a partnership, or are operating as a sole proprietor. If you have not yet consulted with a lawyer, then it is a good idea to do so as soon as possible. Why? You may be an expert or highly knowledgeable in your area of business, but you might be missing some very important information about the law.
It is always a good idea to have all information about your business, partnership, or sole proprietorship put into one document. This could be your working business plan or just a business information sheet. This way you will have lots of information available and easily accessible when, and not if, you need expert advice or help from other professionals (e.g., an accountant, a lawyer, a website designer).
It is very important to carefully consider all agreements between parties and put these agreements in writing. I always suggest incorporating a clause to encourage parties to communicate any amendments or clarifications to written agreements via pre-approved email addresses. This way you will be able to request changes to agreements as required and have confidence that those changes will be accepted or rejected in a clear and enforceable manner by the other party.
Matthew J. Van Den Hooven
Matthew is a lawyer based in Nanaimo, B.C. Please note that the accuracy of the information in this blog is not guaranteed and that the law does change. It is not a replacement for independent legal advice. Contact Matthew to arrange for an appointment today.