The Legalities of Setting Up a New Business
Legal advice is always beneficial, but especially so when it comes to setting up a new business. From finances to the legalities of hiring people, there is an array of advice which you might require. Which is why, in many cases, it is best to get such advice before you actually need it. As chances are by the time you look for it naturally it might have already cost you a great deal of money.
So, what areas can a solicitor be an invaluable aid when setting up a new business?
Writing a Business Plan
A business plan is one of the biggest necessities when it comes to starting a new business from scratch. After all, this is the document which will outline your initial road to success and it will continue to grow and adapt as your business does. Failing to create a structured, realistic, business plan can cause any number of issues for your business – perhaps not today, but certainly tomorrow.
Once you have all the details of a business plan in place – a rundown of which you can find here – you will need a legal professional …
Negative effects whistleblowing can have on employees and a workplace
Whistleblowing can be a controversial topic. Speaking the truth about something that you feel is wrong and happening in front of your eyes should be ethically dealt with and put to justice by speaking out loud. On the other hand, you’re stuck with protecting your employer and save suffering potential personal and professional problems in the future. If the decision is made to become a whistleblower, there are unfortunate consequences that can affect you in the long run.
Loss of trust
This can be relevant to both the managers and employees. Whistleblowing can cause a breakdown of trust which can be counterproductive for a company. It means that employees will lose trust in the managers and those above them, leading to resignations and mistrust in the policies and behaviour of the employer with colleagues.
Damage to a company’s reputation
When word gets out of the dealings occurring within an organisation, it can escalate very quickly. The use of social media and news outlets means companies can become exposed to negative representations leading to a great financial loss with its assets. Although the whistleblower might feel a sense of justice has …