Supplement brands produce vitamins, minerals, and other products designed to benefit consumers. People may opt to take supplements because of a vitamin deficiency or because they believe the supplements will strengthen their immune system or provide another health benefit. Supplement companies must comply with government regulations and applicable business laws.
Lawyers are highly trained legal experts who typically complete at least seven years of postsecondary studies. They must graduate from law school and pass the bar exam to practice law. Supplement companies benefit from hiring qualified lawyers who ensure they choose an effective business structure, mitigate their risks of a lawsuit, employ sound production strategies, comply with promotional regulations, and provide security for their clients.
Lawyers
Lawyers specialize and focus on a field of law. Lawyers who handle business matters are known as corporate lawyers. Companies must hire corporate attorneys because they’re familiar with relevant case law and applicable laws and regulations companies must follow. These attorneys are equipped to provide accurate and efficient advice because of their familiarity with business law.
For example, if your company operates in Ontario, Canada, you may want to hire Malliha Wilson. Malliha Wilson is a corporate lawyer who has experience with labor laws and human rights cases. She’s served as the Assistant Deputy General for the Ontario government and has argued cases before the Supreme Court of Canada. Wilson’s currently a senior partner with Nava Wilson LLP. Wilson’s depth of experience uniquely qualifies her to assess legal risks because she’s familiar with how provincial and federal courts interpret the law.
Business Structure
Corporate lawyers provide legal counsel to business owners at every stage of business development. Before a company begins operations, the owners must make several decisions, including how to structure their company. Business attorneys outline the advantages of corporations, limited liability companies (LLCs), and sole proprietorships. Corporate lawyers will also outline the legal steps you need to take if you plan to enter a partnership. Your business structure will determine your level of risk in the event of a lawsuit, which is why it’s crucial to seek legal counsel in the formative stages.
Production
Corporate attorneys can review production practices and provide procedural insight so your supplement company can limit its liability risks. A business attorney can review contracts to ensure you don’t enter a bad contract with a supplier or distributor. Your lawyer can also prepare contracts and operational guidelines to ensure your business complies with local and federal regulations.
Promotional Strategies
Supplement companies produce a range of products, including supplements designed to correct erectile dysfunction and prevent premature ejaculation. When consumers Google “Best male enhancement pills,” you’ll want consumers to discover your company’s official website, which means including appropriate keywords for male enhancement pills. For example, promotional information for VigRX Plus lists the natural ingredients in the supplement, including horny goat weed and saw palmetto. The site can identify the benefits of each ingredient. For example, saw palmetto could boost testosterone levels, while Catuaba bark extract can increase a man’s libido.
Supplement companies must balance their need to convey compelling information with applicable legal regulations, however. For example, in the United States, the Food and Drug Administration (FDA) regulates supplement companies and restricts supplement brands from making medical claims about their products. Your corporate lawyer can review product information and advertisements to ensure they effectively promote your products without violating government regulations.
Security
Your company’s lawyer can also guide security protocols. For example, you may intend to set up an online store on your official website. While reviewing a guide to integrating with Shopify can help with the logistics and enable you to create a Shopify store, your lawyer will assess the process to ensure you’ve implemented sufficient security measures to protect your clients’ data. Your attorney will review the security measures Shopify has in place and assess your level of risk to determine if you need to take additional steps to reduce your company’s liability in the event of a breach.
Corporate attorneys perform several crucial tasks for their clients. Supplement companies benefit from receiving expert legal counsel about structuring their business and reducing their risks of a lawsuit. Your business attorney will take steps to ensure you produce and promote products in compliance with government regulations and take appropriate security measures to protect your clients.
