Many businesses are finding that their work and production is best supported and fueled by a partnership with another entity. Usually these entities share common goals and similarities in regards to products, however, the past few years have seen several unlikely businesses collide and explode with success.
Business owners can be wary of such collaborations because there are several things they fear, some of which include loss of identity, loss of revenue and lack of overall control. These reservations are often relieved from the mind if one is careful and aware of the significant needs in the beginning and throughout the venture.
Accurately detailing what you are able to, and hope to, bring to the venture goes a long way in laying the groundwork for change and progress between companies. This initial and up-front consultation sets a standard for each party. It is important as well, to determine how a combined effort may affect labor and pay within the company. Thousands of legal issues arise between employees and employers during a transition, say many lawyers in San Antonio Texas. Many of these issues are simple problems or grievances that could have been surpassed by proper communication. Employees are the heart and soul of almost any company and an eased transition can allow for an opportunity to establish a more firm connection, if one was previously lacking. It can also solidify a public image about where you as a company exist in the leadership market.
Apart from these details, and in the vein of leadership, it is of high priority to determine how authority will exist after a collaboration is established. This prevents many companies from joining forces because as stated, each is nervous about the loss of power. An in depth and agreed upon form of company government can ease this tension and allow room for candor and creative effort to thrive. Perhaps, the most important part of the collaborative puzzle exists within the legal realm. Several joint efforts have failed in the past due to lack of legal counsel throughout the venture. “Legal counsel can assist in putting both parties at ease about agreements” suggest Attorney Douglas Shumway, a San Antonio lawyer who is highly familiar with these forms of collaborations.
If you need legal counsel regarding your future business endeavors, contact our lawyers in San Antonio Texas at (210) 888-0235. Our initial consultations with our attorneys are free and our reputation as a firm with lawyers San Antonio often seek, will never altar that commitment. Consultations are free in order to provide you with the opportunity to try us on for size. As the result of a collaborative effort ourselves, we know how wonderful and beneficial a collaboration can be for individuals and for the community.