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What is Construction Law and Why is it Important?

Summary: Construction law is a crucial component of the construction industry for a variety of reasons. For one, disputes can arise which can compromise millions of dollars. Legal experts have the know-how and experience to save a potentially disastrous result.

Construction law is one of the most overlooked subfields of law. The primary reason being that only those involved within the construction industry understand the issues presented. However, the good thing is that there are numerous practicing lawyers that specialize in this subject, so rather than facing an assortment of ignored aspects, many are addressed and settled.

What Exactly is Construction Law?

Construction law encompasses nay legal issues that somehow relates to the field of construction. Many of these legal issues fall under state, federal, or local laws.

On a federal level, issues can involve employments laws or safety regulations. Federal statutes may enforce requirements on worksites. On a state level, numerous additional regulations can be added on top of the existing deferral ones. For instance, environmental rules and safety regulations may be applicable. On local levels, county and city ordinances can enforce a variety of restrictions that can singlehandedly change the way a construction site operates, such as zoning laws or noise created.

What Are the Benefits of Construction Attorneys and Consultants?

One of the most common issues of construction law disputes surrounds finances. Construction projects are extremely expensive and can often costs millions of dollars. It is also quite common to see delays or projects that go over budget, causing issues between parties. This is where a construction claims consultant or an experienced construction attorney thrives.

When these issues come up, construction companies and contractors have a variety of legal options that they can pursue. By speaking with a construction specialist or attorney, parties can have a representative that can handle issues such as contract breaches or liens.

Blog submitted by Lyle Charles: Lyle Charles, of Lyle Charles Consulting, is an experienced construction claims consultant who is knowledgeable on construction litigation and other construction-related issues. To learn more, give him a call today.

How to legally start a business?

If you are considering starting your business, you may be confused and stressed with the prospect of having to make a lot of decisions. Remember that planning a business also requires you to set up your business, so that follows legal government guidelines. Here are a few tips on how to start a legal business.

Prepare a business plan – A clear well thought through business plan will help to serve as a blueprint for your company’s future operations. It will also serve as a document for obtaining capital and financing your operations.

Choose a location to set up your business – Although you may think that starting your business in your home state is best, there can be legal advantages if your business is opened in other jurisdictions.

Obtain financing or other forms of startup capital – Look at speaking to a few financial institutions that will offer you capital to start-up your business. This entire process can take Therefore, it is best to apply to at least three institutions at one given time.

Determine a legal structure for your business – There are many business entities, and they offer different advantages and disadvantages regarding tax implications, governance and legal and procedural requirements.

Register your business – Register your business in the jurisdiction you choose and renew your registration annually to ensure that your company remains legally in existence.

Obtain a Tax ID, licenses and permits – You will have to obtain a tax ID from the IRS, so you establish separate taxation as a business entity. Licences and permits will have to be obtained to operate within certain areas legally.