Partnership Agreements
If you are anything but a sole proprietorship, you will either have business partners or other people owning stock, or shares, or some type of interest in your company. Even if you are the founder of the company, once you take on partners, you may no longer have complete control. The agreements that are written and signed prior to taking on partners will determine how much authority you, and they, have. In the event that there is ever a conflict regarding how the business should be run, profits disbursed or cash calls, these agreements will dictate how those decisions are made. It is imperative that you have a business attorney create them for you to ensure that your interests are protected now and in the future, whatever it may bring. Otherwise, you could find yourself on the wrong end of a partnership dispute and losing an important fight, and perhaps the ability to direct the business that you worked so hard to build.
Contracts
As business attorneys, we highly recommend that you allow us to prepare your contracts for you and review contracts proposed by others, rather than writing and reviewing them yourself. In any business deal, there are a number of matters that should be specifically addressed in the contract so as to limit your liability/exposure to the extent possible and, generally, avoid problems down the road. You’ve heard the phrase, “Good fences make good neighbors.” It might also be said that, good contracts make good business relationships. When contracts are clear and well written, the parties know their rights and obligations when they enter the contract, and they likewise know where they stand when things do not go as planned. By allowing us to write or review your contracts, we can protect your business interests while working to prevent potential conflict before it begins.
Licenses & Permits
Another reason to work with business attorneys is to ensure that you have all of the necessary licenses and permits that are required to conduct your business in your particular city, county, and state. Otherwise, you could end up paying penalties or fines due to simple mistakes or a lack of information. This is something that we can assist with.
To learn more about how we can help your business remain on a firm footing while protecting your interest, call our office to speak with one of our business attorneys.
