You will make some of the most important decisions about your business before you even open your doors, when you have the least amount of information. What type of entity should you form? How will you fund the business? What are your long-term goals? What is your exit strategy? Addressing these questions with the guidance of a business attorney can help ensure you give proper consideration to the liability implications, tax consequences, and restrictions on ownership associated with each entity type.
These days, doing business on a handshake is a risky proposition. Any exchange of money or promises should always be memorialized with a written contract for a host of reasons. Reducing an agreement to writing gives the parties an opportunity to work out any miscommunications in advance and helps ensure the contract accurately reflects their intentions. Disputes can often be avoided by a well-written contract to which all parties are equally bound.
You’ve formed your business, had your lawyer draft your documents, and now you turn your attention to actually running the show. How do you get funding? Where do you find clients? What happens if you need to expand your workforce or your facility? How do you keep the train chugging along? Is there someone out there who can keep an eye out for legal trouble while you focus on running the business?
Why yes, yes there is.
Forming a legal entity is an important step for a new or growing business. Each form of business has its own liability implications, tax consequences, and restrictions on ownership.
It’s much easier and far less expensive to do things right at the start than to try to fix a mistake down the road. With all the laws and regulations out there, it’s easy to make a mistake.
You’ve formed your business, had your lawyer draft your documents, and now you turn your attention to actually running the show. How do you get funding? Where do you find clients? What happens if you need to expand your workforce or your facility? How do you keep the train chugging along? These are the questions not often addressed by a lawyer. However, a lawyer who has business education and experience can assist with more than just the legal aspects of your business. That’s where Bongiovi Law comes in.
An estimated 76 percent of businesses will change hands over the next ten years, and 48 percent in the next five years. Whether you’re buying or selling, it’s crucial to involve experienced lawyers as early as possible in the transaction. Even if a document claims to be non-binding, that doesn’t mean you should sign it without having it reviewed first..
A commercial lease is so much more than the price per square foot, and landlords know this. The lease you’re presented will be drafted heavily in the landlord’s favor, but there is always room to negotiate. Be sure you have someone in your corner before you sign something, especially when it involves a personal guarantee.
Whether you’re a growing business that’s just this side of needing full-time in-house counsel, or an existing legal department needing some support, we provide our corporate counsel services on an as-needed basis.
Practicing Law Since 2008
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