Following on from our series on BAM in Hard Places, we are delving deeper into how to deal with legal and tax issues, especially in challenging or cross-cultural situations.
It is absolutely critical to get the best advice for legal and tax issues. It’s easy to get caught up in the busyness of business life and push issues of legal compliance away. However, neglect these areas at your own peril, they can bring your business down.
Why You Might Need a Lawyer or Accountant
There can be many areas of legal compliance that will require your business to seek advice from a lawyer. Different lawyers tend to specialise in different areas, so if possible find a specialist in the area of the law relevant to your need. For tax issues, you will either be engaging a tax accountant or specialist tax lawyer.
Here are some areas of doing business that may require legal advice:
Registering a Business
Advice on requirements for properly structuring and incorporating a new business. You may need a lawyer to guide through the process of registration, such as helping to put together the required documents, obtaining licenses or talking to government departments on your behalf.
Help with fulfilling obligations that companies have to submit accounts for tax purposes, or for annual company registration or reporting in the legal jurisdiction. Read more