Tag Archives: legal consultants

Five Reasons Your Business Needs a Law Firm

Legal complications and lawsuits have the tendency to appear from nowhere. Thus, in today’s climate of business, each and every owner of an enterprise needs to have one lawyer on their team. You need protection because these cases have a sudden way of appearing. An outside counsel from law firm really helps especially because depending on the business size you do need one attorney. Just like in your business you have other employees as a business mentor, insurance agent and an accountant hence you need to have associations with law firms. Human resource happens to be one of the most important assets and as one responsible entrepreneur, you must know ways of handling prospects. Here are five reasons you need them.

  1. Overwhelming law significance:- Managing human resource is linked inextricably with the laws of the corporate. As the manager, you must be responsible for functions like workforce channelizing, training and recruiting. However, you must pay heed to industrial laws relevance. One may be we versed well with all kinds of corporate affairs but legal nitty-gritty are not everyone’s thing hence legal compliance or association with law firms in Delhi are important. Issues related to human resources are of crucial significance. Your gap in legal knowledge shall be fulfilled besides the issues related to human resources shall be streamlined
  2. Focusing on legal compliance:- Effective ad useful solutions related to workforce shall be provided to your firm. This means right from the process of recruitment handling to improvement of skill sets of the fresh recruits with motivational lessons and training, they shall help you in multifarious ways. The top-rated law firms make you learn about enhancing overall value and administering payroll with a training of leadership. They are always there for guiding you throughout the process. At every step, they make firms enterprises aware of the contextual significance
  3. Offering legal guidance:- One has to abide by policies of human resources that government of the country has set and the legal specifications must comply to. These law firms help keep enterprises informed and build their perspective. As an outcome one never has to stay in constant fear of refuting laws because sailing time can be enjoyed smoothly.
  4. They play supportive roles:- Employees have leading roles to play thus contributing the success story of your business. Hence law firms help in building the partnership of a longer term and have carved their niche in the domain.
  5. Helps handle prospects with cautions and care:- The law firms in Delhi help handle the prospects in the best ways possible. This is mainly because a human resource is any company’s crucial asset and entrepreneurs ought to know ways for handling them with total caution. While you will always want to extract most from your workforce yet you must be aware of ways of keeping them happy. If any firm doesn’t aspire to let their objectives fall through, law firms are a necessity.

You must involve them

It is a necessity that you must employ them because they shall present you with all the right of support that your organization needs.

5 Legal Issues That Every Consultant Should Know

Are you planning to start out as an independent consultant? Along the way, you may come across various challenges especially legal ones. It is a wise idea to develop an understanding of these legal matters so that you can minimize the chances of falling into trouble. These issues may, of course, vary from one country to another. If you are working in an independent capacity, then you have entered into a contractual relationship with the clients. In lieu of an agreed fee, you are ready to provide services according to the contract.

Discussion of legal issues

The contracts may be either written or oral. These agreements may also be partly verbal and partly written. Some of the legal issues about which you should have a clear concept are outlined below.

  1. Legal relationship

It is always a good idea to have a written contract to avoid disputes in future. A written contract has the capability of eliminating any difficulty which may have arisen due to communication gap. Before entering into this type of contractual relationship make efforts to understand the legal Consultants obligations. You should be aware that in certain countries if you enter into the long-term contractual relationship, then your legal status may be that of an employee rather than being awarded the status of a consultant.

  1. Tax implications

When you are an employee of an organization, it is the employer who takes care of all your calculations relating to salaries and withholding of amounts for taxes payable to the government on your behalf.

  • Handle independently  Now as a consultant you are required to take care of these aspects by yourself. You are the one who is responsible for doing all the required calculations, and you also have to calculate the taxes according to the tax system prevailing in the country.
  • Know about the deductions  In many countries, most of the taxes are paid to the government on a monthly basis. Instead of landing up with a substantial tax bill at the end of the year it is always advisable to make monthly payments. Sometimes expenses related to a business may be allowed as deductions. This can reduce your tax bills to a significant extent.
  1. Value-added tax

In some countries, there are value-added taxes associated with the fees charged by the consultants. It is essential to run a check with all these provisions so that you do not face any conflicting situation later. If these kinds of fees are subject to these taxes and if you have failed to charge them to your clients then you may end up being personally responsible.

  1. Protection against lawsuits

You may be required to go in for professional insurance in certain instances. If you are working in an independent capacity, then it might so happen that your work has adversely impacted the client or you may have failed to meet the contractual obligations on your end due to some reasons. In those cases, professional insurance will offer you protection.

  1. Copyright ownership

During your consulting work, you may have created intellectual property. In such cases, you may claim property rights. You should have a prior understanding with the client about the ownership of such copyrights. All these aspects should be stated in the contract so that the client does not assume they have ownership as it is work made for hire.

Seek professional assistance

It is a prudent idea to take the help of a professional attorney while entering into contractual obligations. Before you choose any such legal services by professional, make sure that he is a reliable specialist who has a firm standing in the industry.

What are the benefits of legal consultancy services?

Hiring legal consultancy services has been a widely debated topic in businesses. While some prefer having a legal consultant at their service, others are fairly sceptical about it and opt not to. They fail to see the benefits of having a legal consultancy service permanently and prefer seeking the help of a lawyer every now and then; which is not wrong, but is not as beneficial for their trade as is hiring a Legal Consultant.

What are the benefits of legal consultancy services?

If you are one of those who fails to see the benefits a legal consultant and his services can bring to you, here’s a list that would surely help you see the myriad of benefits:

  • Cheaper representation: All business must be familiar with the fact that they will need some legal representative. While hiring a full-time lawyer can be much more expensive, hiring a legal consultancy service can be marginally cheap. To say that legal consultancy services are highly expensive is a misnomer in this sense. You do need legal services; a consultant is a cheaper option.
  • Knowledge of Laws: Every business and its activities are bound by a huge number of laws. It is presumably not possible for non-legal background persons to know them all and understand the meaning and extent of each of those laws. Hiring a Legal Consultant will mean that he will know everything legal there is to know with regards to your business and provide all information needed for the benefit of the business.
  • Strategy Planning: Planning your business strategy must be completely in line with the local, national, and even international laws. If your practices are illegal, you will be facing a lot of trouble. A legal consultant will help you chalk out your strategy to prevent any unlawful or trouble inviting practices.
  • Dealing with unforeseen situations: Even after planning out all your strategies, if an unforeseen event occurs like for example the law is changed, the legal consultant will know how to deal with the situation quickly and effectively. He will remove a huge burden off your shoulders in case of an unforeseen situation.
  • Advising: A legal consultant can provide legal advice on any step of the business. Starting from the establishment and extending to a lawsuit (which is the worst thing a business can hope for); a legal consultant will handle it all. He will provide you with all precautionary steps to avoid a lawsuit, but in case you enter one, he will help you work it out. In addition to this, he will also help you find loopholes in all your dealings that will benefit you without getting you to do anything illegal.

These are just some of the very many benefits that a legal consultancy service can provide you with. There are many more benefits that come from hiring legal services. If you are one of those who thinks hiring a legal consultant’s services is a waste of money, read the above benefits and think again!