Similar to commercial litigation, arbitration is a form of dispute resolution. However, an independent third party performs arbitration, and hearings may involve a single arbitrator, or several, in what’s called a tribunal.
Usually, disputing parties agree to arbitration to cut costs and expedite results. Like other legal services for business, arbitration is a tool used to help business owners overcome challenges they may not be fully prepared for on their own.
Why Legal Services Matter
Arbitration isn’t necessarily an inevitable event for a business, although there are good reasons to have legal services standing by if and when arbitration, commercial litigation, or tax advice is needed during the life of a company.
Common legal services for business include contract/agreement review, tax advice and services, as well as form filing and reporting. While arbitration and litigation are not common for every type of business, other legal services for business may be very useful.
For example, most businesses are required to obtain what’s called an Employer Identification Number (EIN). This nine-digit tax ID is used by the Internal Revenue Service (IRS) to track tax obligations. You can apply for an EIN online yourself, or you can hire a third party to file the forms and retrieve the number on your behalf.
Get Your EIN Today!
Business owners often struggle to maintain accurate records of important business forms, filings, and tax information. Legal services for business can help reduce that burden.
Apply for an EIN online today and you can start using your tax ID number to grow your business. Use your EIN to hire employees and establish a payroll, apply for credit in the name of your company, or obtain important local licenses and permits.
Legal services for business can help you grow a better business. Don’t wait to apply for an EIN online.