When you're thinking about establishing a business, you also need to consider the legal matters you will need to start your business operations. Whether you're planning to start a big company or a small business, you need to make sure that you have the right paperwork and documentation to operate the business. If you're new to this, you may visit business setup consultants in Dubai to better understand what needs to be done.
Which
legal services do entrepreneurs need the most?
Businesses,
especially new ones, require different kinds of legal services to start your
operations legally. You can reach out to your lawyer or seek the following
services from law firms in UAE:
Business incorporation
The
first step is to register your business to Dubai's Department of Economic
Development (DED). This will make it easier for you to raise finances, own or
rent a property for the business, employ or hire people, and other legalities
that the operations may require.
Shareholders Agreement
With
the increase in offshore company formation,
it has become common for businesses to be owned by multiple individuals. If you
have business partners or plan to sell shares to private individuals who wish
to invest in your business, you will need a Shareholders Agreement. This is
different from a partnership agreement since shareholders and partners have
different business operations and management roles.
Terms and Conditions
Terms
and Conditions create certainty to the agreement between your business/company
and your customers. While some customers don't thoroughly read the forms, they
are the legal basis that shows both parties' willingness to do business. These
forms are usually aimed to protect your business and set rules on how your
potential customers may use your products or services.
Service Agreements
As
your business continues to grow, you may need to hire employees, contractors,
or part-time workers to achieve your business goals. Hence, you need to develop
a contract for each individual stating their specific duties for their role.
These agreements also include the responsibilities and obligations of the
employer and employee toward each other. Suppose you are not yet familiar with
what must be included in this agreement. In that case, you may consult with a lawyer in
Dubai to learn about the agreement's
particulars and how they can affect your business if one of the parties
committed a breach.
If
you need help acquiring the legal documents to register your business or
assistance in creating the documents or services mentioned above. Motei & Associates can provide you with the legal services you need.
