Why Every Business Owner Should Get a Business Physical Every Year

Jan 22, 2025

As we start the new year, it’s a great time to reflect on both personal and professional health. Just as it’s recommended to schedule an annual physical for yourself to catch health issues before they escalate, your business deserves the same kind of check-up. A yearly business physical, conducted by a skilled legal professional, ensures that your company is operating smoothly, remains compliant with all applicable laws, and is protected from potential legal pitfalls.

The Importance of an Annual Business Physical

Whether you’re running a startup, managing a small business, or leading a large corporation, a regular review of your business’s legal standing is critical. Just as a doctor examines your physical health, a lawyer can conduct a “check-up” on your business. This includes reviewing key legal documents—particularly contracts, which serve as the backbone of any business transaction. Your contracts are legally binding agreements that outline the terms and responsibilities of each party. Without regular reviews, these agreements could become outdated, leaving your business exposed to risks that could have been avoided.

An attorney can help examine all aspects of your operations, ensuring that your interests are properly protected and that your company is compliant with all relevant local, state, and federal regulations. Here are just a few ways a legal “physical” can benefit your business:

Contract Reviews: Whether it’s vendor agreements, client contracts, or employment terms, your contracts are crucial to your business.
Employee Handbooks and Policies: Employment laws are constantly evolving, and your employee handbook needs to keep pace. A lawyer can review these policies to ensure they comply with changing regulations, including workplace rights, benefits, and safety standards.
Risk Mitigation: Legal professionals are trained to identify potential legal risks that could affect your business. They can provide guidance on how to mitigate these risks, avoiding costly litigation and reputational damage.

Florida’s Evolving Business Landscape

In recent years, business laws in Florida have been changing, and what was once an acceptable business practice may no longer be compliant with current regulations. Changes in labor laws, tax regulations, and environmental standards can all impact how you operate your business. An annual business physical allows you to keep up with these changes and avoid falling behind.

Furthermore, a lawyer can help you prepare for future legislative shifts, ensuring that your business remains flexible and ready for whatever changes may come. Preparing for the future now can save you from scrambling to catch up later.

Schedule Your Business Physical

Now is the perfect time to schedule a business physical. Taking proactive steps to ensure your business is legally sound will not only protect your assets but will also give you peace of mind heading into a new year of growth and opportunity. At Greenspoon Marder, our full-service team is ready to conduct a thorough review of your business to ensure that you’re fully protected. For more information, contact [email protected].

About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 225 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has maintained a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

MEDIA CONTACT

Natalie Villanueva, Director of Marketing
954.333.4308 | [email protected]

This Greenspoon Marder LLP Client Alert is issued for informational purposes only and is not intended to be construed or used as general legal advice nor a solicitation of any type. Please contact the author(s) or your Greenspoon Marder LLP contact if you have any questions regarding the currency of this information. The hiring of a lawyer is an important decision. Before you decide, ask for written information about the lawyer’s legal qualifications and experience.

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Why Every Business Owner Should Get a Business Physical Every Year

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