LIMITING

RISK

LIMITING YOUR RISKS 

 

Limiting your Partnership, Corporation, or LLC Risks 

 

Even if you have done everything to limit your personal liability while operating your partnership, corporation, or limited liability company (LLC), what have you done to limit your partnership, corporation, or limited liability company’s (LLC) liability? Do you have employees? Do you have an HR department for those employees? Do you have standard operating procedures for your business? How are emergencies handled? 

 

Mitigating your partnership, corporation, or limited liability company’s (LLC) risk is essential to your business functioning without interference or fear you may run afoul of regulations or be sued. The Law Office of Eric J. Proos, P.C. helps its partnership, corporation, and limited liability company (LLC) clients prepare its standard operating procedure, draft employee handbooks, and implement regulatory compliance so your business can operate to maximize profits. 

 

Employee Handbook 

 

An employee handbook covers a number of different topics and informs all your employees of their rights. An employee handbook can include the following: 

 

  1. The partnership, corporation, or limited liability company (LLC) goals; 

  2. The partnership, corporation, or limited liability company (LLC) mission statement and vision; 

  3. Rights of employees; 

  4. Obligations and duties of employees; 

  5. Sexual harassment protocol; 

  6. Human resources and legal information; and 

  7. A number of other topics. 

 

These handbooks can provide some insulation to the partnership, corporation, or limited liability company (LLC) when there is a rogue employee that exposes the company to liability, or when the partnership, corporation, or limited liability company (LLC) is sued for something directly addressed in the employee handbook. 

 

Standard Operating Procedure 

 

Standard operating procedures provide a step-by-step guide detailing how to handle a particular situation. Standard operating procedure provides your employees, managers, and entire partnership, corporation, and limited liability company (LLC) with prescribed guidelines for the entire organization to follow and employ.  

 

If your partnership, corporation, or limited liability company (LLC) is in a highly regulated industry chances are there are regulations that detail step-by-step procedures, or industry standards of how to perform a certain task. You can use those industry standards as a baseline for your partnership, corporation, or limited liability company’s (LLC) standard operating procedures. 

 

The Law Office of Eric J. Proos, P.C. is ready to speak with you regarding your partnership, corporation, or limited liability company’s (LLC) employee handbook, standard operating procedure, and other risk management documentation. 

 
 
 
 
 
 
 
 
 
 
 
 
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