Established
Characteristics: Your business has now matured into a thriving business with sales steadily growing and you are finally able to employ people or outsource some of your many roles to others. You are beginning to establish a presence in the marketplace and be noticed. Your hard work is starting to make returns.
Your biggest challenge is improving on the business’ profitability, streamlining operations, improving on business practices and others. One fear you have is whether you are legally compliant and structurally sound to withstand any lawsuit. Are your business, your directors and officers well protected? You do not wish to lose it all after such hard work simply because you have not understood the legal risks and duties.
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The Challenges Ahead |
How We Can Help |
| Keeping on top of the regulatory framework that affects your business |
Our legal audit will identifying the legal framework that affects your business, its consequences and whether you are compliant.
Following this, recommendations will be made and prioritised in terms of the extent of the legal exposure. We can then assist you to implement the recommendations. |
| Ensure that terms and conditions remain relevant to new areas of business |
Sales documentation may have evolved over time to accommodate new market opportunities. It may be unnecessarily complex or may even be out of date due to changes in legislation.
We can help you to streamline your sales processes and ensure that your terms and conditions are up to date. |
| Managing a growing sales force |
Identifying risk areas and train your sales and marketing managers on the terms of business and authorisation limits. |
| Bringing in new directors or partners |
As the business grows and new people join the board or partnership you will need to update shareholder or partnership agreements. |
| Formalising the business and ensuring proper corporate governance procedures for directors and officers |
We can review your current policies and procedures and provide training for your board members.
(See our article on “Directors’ Duties under the 2006 Companies Act”.) |
| Protecting your intellectual property |
Intellectual property assets may have evolved within the business and you may not have formally captured and protected them. We can help you do this and also look at how to exploit these assets further to maximise shareholder value. |
| Lack of proper business insurance policies |
Assisting you with risk management and ensuring that you have the necessary policies in place to protect your business. |
You may wish to take our Risks assessment test to see how your business scores.
We have extensive experience in helping businesses work through these growing pains by providing them the necessary legal procedures to work with.
See our Expertise in Practice.
