Business and Corporate ventures involve many different phases and parties. There entity formations, contracts, sales, acquisitions, dissolutions, and a number of other transactions that needs to be done on a daily basis. Legal help is needed to ensure that the different parties involved fulfill their duties and that disputes can be resolved. View our focus areas below:
Entity/Business Formation: Once you have decided to form an entity or business, you must decide what type of entity you wish to form. There are two main options, a corporation or and limited liability company (LLC). Filing a certificate with the state forms a corporation. This sets out the basic characteristics such as the types of shares and any shareholder’s rights. Filing a certificate with the state, as well forms, a LLC, but it is more flexible. The details of the business are explained in a contract between the members forming the company, rather than stipulating it on the certificate.
There are other options when forming an entity. The best course of action is to discuss the options with an attorney to determine the best entity for you and your partners.
Contracts: A contract is a vital part of any business venture. It can be the contract between partners, stipulating the different responsibilities, or a contract between a seller and a buyer. Regardless of who the differing parties involved are, for a contract to be legally binding, it must contain an offer, an acceptance, an intention to form a legal relationship, and a consideration (this is typically money). In order to ensure that your contract will be valid in court, contact an experienced lawyer to help draft all contracts.
Sales & acquisitions: If you are an entrepreneur, interesting in purchasing an existing business or a business owner wanting to expand by buying another similar company, we can help. By discussing your options with a lawyer, you can understand the risks and liabilities associated the acquisition of a business.
We also help business owners who are interested in selling a business. We can help to arrange a sale that will help you achieve your objectives in selling your business.