Starting a New Business? We Can Help

When clients are forming a new business, a lawyer plays a critical role in laying a solid legal foundation and guiding them through complex decisions. A business lawyer helps client choose the most appropriate business structure - such as a sole proprietorship, partnership, LLC or corporation - by explaining the advantages and disadvantages of each option, taking into account liability and client’s long-term goals. This decision is fundamental, as it impacts everything from personal asset protection to future fundraising. Once the structure is selected, the lawyer drafts and files the necessary documents, such as articles of incorporation, operating agreements, and partnership agreements, ensuring all paperwork is accurate and compliant with state and federal regulations. Additionally, lawyers advise on industry-specific regulations, intellectual property, and employment laws, helping clients avoid costly mistakes and legal pitfalls as the business grows.

When acquiring a new business or selling an existing one, legal guidance is equally essential. For acquisitions, a lawyer conducts thorough due diligence - reviewing contracts, licenses, intellectual property, and financial records - to identify any risks or liabilities associated with the target company. They draft and negotiate key documents, including letters of intent and purchase agreements, and advise on the optimal structure for the transaction, considering tax implications and liability. For sellers, a lawyer prepares the business for sale by organizing records, reviewing contracts, and addressing any legal issues that could affect the deal. They protect their client’s interests by negotiating terms, drafting enforceable agreements, and ensuring compliance with all legal requirements. Throughout the process, the lawyer manages disclosures, safeguards confidential information, and helps structure the transaction to maximize value and minimize liability, ensuring a smooth and successful closing for both buyers and sellers.

If you have any interest in starting up a business, acquiring an existing business or selling an existing business, contact us today.