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Franklin I. Ogele: Your Guide to Securities Industry Regulation

Leverage the extensive knowledge of Franklin I. Ogele, a leading authority in securities regulation, to ensure your organization remains compliant while maximizing growth opportunities.

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Franklin I. Ogele: Your Guide to Securities Industry Regulation

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  1. Common Legal Mistakes You Should Avoid in Your Business Establishing and maintaining a business can be difficult. Franklini.Ogele asserts that every company, regardless of size or operation duration, must successfully negotiate the legal system. Owners of businesses have many responsibilities, including managing staff, delivering superior customer service, and marketing. In the midst of the mayhem, business owners frequently overlook the legal facets of running their companies, which ultimately work against them. Making mistakes in the legal system can have dire repercussions, such as fines, legal action, or even the closing of your company. You can minimize legal risks and concentrate on expanding your business by being proactive and knowledgeable. Therefore, you should steer clear of the following common legal blunders in your business: 1. Not Registering Your Business Properly: The first and most crucial steps in launching a business are selecting the appropriate legal structure and completing its proper registration. Franklini.Ogele claims that there are specific tax and legal repercussions for each type of business structure you select, including corporations, LLCs, partnerships, and sole proprietorship. The consequences of improper business registration include problems obtaining funding, problems with tax authorities, and personal liability for business debts. You must comprehend the prerequisites

  2. and submit the documentation to the relevant municipal, state, or federal organizations. 2. Neglecting Contracts: The foundation of business relationships is contracts. They specify each party’s rights, obligations, and expectations in detail. Working without written contracts or using poorly drafted ones can result in costly misunderstandings and disputes. Your business should be protected and supported by the legal contracts, which should be drafted in that manner. Ensure all your contracts—with partners, suppliers, employees, and customers—are well-written and understandable. In order to make sure that contracts safeguard your interests, it is advisable to have a legal expert draft or examine them.

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