None of us can predict when we might unexpectedly need the services of our solicitor. It might be for a positive reason or for help with something urgent that has just come out of the blue. Whatever the cause for your visit to your solicitor, you will find professionals there to deal with complex legal matters for you.
Irish law can become particularly complicated where commercial matters are concerned, and this is why you should use specialist commercial solicitors to assist you with any legal matters relating to your business.
Buying Or Selling A Business
Buying or selling a business might seem like a straightforward transaction. You agree a price, hand over the money, job done. However, it is much more complicated than that and commercial solicitors will have the expertise you need to make sure the sale or purchase is completed correctly. How the purchase or sale contract is tailored can affect how much tax you are required to pay, and both sides will want the best deal for their client.
There are many different things that need to be considered and agreed including stock or equipment values, and who do any existing debts belong to, whether they are owed by or owed to the business. Are any existing employees going to stay on as a continuation or treated as new employment? The outcome can be very important at a later date. The legalities of these and other things can be very complicated, which is why you need expert commercial solicitors to negotiate any business purchase or sale on your behalf.
Commercial Solicitors And Employment Law
Employment law is one of the areas Irish employers need to get right if they do not want to face huge penalties and fines from Revenue, or potentially even compensation payments to members of their workforce. Of course, if you are the employer you may feel what you say goes, but employees have rights. Solicitors in Dublin are only too aware of how important these matters are, and have specialist commercial solicitors to help you navigate the minefield of employment laws.
This should start with good contracts of employment, so you and your employees are aware of the rules laid down between you. Any contract is a legal document and you should talk to your solicitors if you need to prepare contracts of employment for your business.
Company Formations and Shareholder Agreements
Forming a company and agreeing shareholdings in the correct and proper manner is as vital as getting the business up and running. If the formation is not done correctly, all the advantages of being a limited company could be lost. If the shareholder agreement is wrong you could find yourself losing out if a dividend is paid, or the business is sold at a later date. You have to remember that a company is a separate legal entity, but as a company director or company secretary you may be acting on its behalf, and can be held responsible for matters relating to it, legal or otherwise.
Give yourself additional peace of mind knowing everything is in order by using commercial solicitors for your company formation and shareholding agreement.
Collecting Debts
If a customer owes your company money trying to collect the debt can sometimes be a nightmare. No matter how many phone calls you make or letters you send, it can get very annoying when the debt still remains unpaid. Often, a letter from a commercial solicitor will do the trick as the debtor then realises there are serious consequences to not paying you.
If payment is still not forthcoming you may have to take the matter to court. It depends on the size of the debt as to which court deals with it, but the legal paperwork relating to debt collection is not straightforward. Knowing whether to take the collection of the debt to the District Court, the Circuit Court or the High Court is something your solicitor will know about as the figures for each are liable to change at any time.
It is generally far easier to hand over your debt collecting to your solicitor. Let them do what they are good at so you can get on with what you are good at, running your business.
Licencing
The world of licencing can be so complex that it puts many people off their chosen business. It depends what you need a licence for, but each one has its own set of rules and regulations you need to comply with. It is not just a matter of knowing the required standards to be granted a licence, you also need to understand the laws relating to what each licence allows you to do and not do.
For example, under the Intoxicating Liquor Act it is an offence to sell alcohol to anyone under the age of 18, and doing so could result in a conviction, the loss of your licence and you may have to pay a fine.
Your solicitor will be able to assist you with all aspects of applying for your chosen licence, and the rules and regulations that apply to it.
Expert Commercial Solicitors In Dublin
If you are looking for expert commercial solicitors in Dublin, give us a call at Anthony Joyce & Co. We have a team of experts ready to help you with all aspects of law relating to business and commercial law, and we can handle all these matters for you in one place.
Don’t let legal matters relating to you business become a problem, not when we are here to help you. It doesn’t matter what your trade or profession is, or whether you are a small or large business, at Anthony Joyce & Co we have the expertise you need.
