5 Tips for Small Business Legislation

Opening and maintaining a business requires a lot of organization and having to deal with administrative processes and controlling the company already takes a lot of time. However, these are not the only essential factors in achieving success: Legal ones, which are often left in the background by small business owners, are also very important.

That's why we've brought you 5 small business law tips that will help you avoid problems!

1. Pay attention when opening your business

Many still work in informality, but this is a great risk of legal problems. To open a small business and keep up with the Government, pay attention to some of the documents needed to open a small business (worth noting that this may vary by state).

Social Contract:  where the objectives of the company are defined, the interest of the parties and the description of the company;

Documents of the partners:  documents and copies of the RG and CPF of each of the partners (if applicable);

Commercial Board Standard Request: A document path that varies by state;

National Register Card (FCN):  can be issued on the official website;

Payment of fees:  made through DARF.

Other specific details vary according to the type of business and the state in which it will be registered. SEBRAE offers a practical guide to formalizing companies, which can help you a lot.

2. Always work with contracts

One of the simplest attitudes to prevent losses in material and profits is to establish clear contracts in accordance with the legislation for small businesses. Many entrepreneurs have the habit of maintaining direct and simple relationships with their suppliers and clients, leaving aside the documents that regulate the exchanges and establish legal limits and duties.

Therefore, it is essential to develop complete contracts that establish the rights, negotiated values, deadlines, products and the forecast of the partnership time between entrepreneurs, suppliers and their clients, avoiding problems with a prior agreement.

3. Register your brand

To avoid future legal disputes, it is always interesting to register your brand and the products of your business. It is also possible to define how it should be presented and what its main rights are. The registration information is on the website of   the National Institute of Industrial Property (INPI).

4. Beware of labor laws

One of the biggest reasons companies bring to justice is the labor laws, which call for special attention. It is essential to be aware of the CLT (Consolidation of Labor Laws) and respect its rules to avoid conflicts with its employees. Let your staff always be regularized and keep in mind that there are other ways to provide service - such as hiring Individual Microentrepreneurs who issue invoices, according to the activities that will be performed.

Keep salary and thirteenth payment up to date. If you have many employees, it is worth remembering that there are management tools that are always up to date with changes in the legislation to assist its administration.

5. Always issue invoices.

One of the main points of the legislation for small companies is the payment of taxes and the control of the activity. In order for you to express the company's actual billing and control of accounting, the issuance of invoices becomes essential, as well as being mandatory by law for tax control.

What was once complicated and involved large paperwork nowadays is simplified with the issuance of electronic invoices (NF-e), which can be stored on the computer and on online servers for better organization. Entrepreneurs can use the simple programs offered by the government or look for tools that organize and streamline the process.

Apply these small business law tips

Take advantage of these tips and keep your company up to date with the law. Some processes can be complicated and small business law is comprehensive, but all this is necessary to ensure quality service for you, your suppliers and customers.

Posted on June 04, 2018 at 01:16 PM