Five Overlooked Legal Mistakes Entrepreneurs Make
August 31st, 2011
As we have said over and over, there are legal issues that are best to handle before starting up a business, these same points are reviewed in this article, they are real concerns that apply to business even here in Panama if you are starting up your business.
Mistake No. 1: Making handshake deals with clients and vendors.
Always put your business dealings in writing.
Don’t naively assume that everything will go according to plan. “This is often not the case, and when things go wrong, the entrepreneur and the client or vendor may have different ideas about what is supposed to happen,” says Rachel Rodgers, principal attorney with Rachel Rodgers Law Office in Phoenix, Ariz.
