Individuals in the business world are faced with a unique set of legal issues that can greatly impact the success or failure of the business if not handled properly. If you are unsure of what to do or how to handle a particular situation, consult an attorney with experience in this area. Call Robert Fravel for a consultation today.
I want to start a business, but I don’t know where to begin. The first step is determining how you want to structure your business, and there are many different options: sole proprietorship, general partnership, limited partnership, LLC, corporation, etc. Each type of entity has different benefits and drawbacks, and some have different filing requirements. Don’t make this decision without seeking advice from a knowledgeable attorney.
I need to have a contract drawn up, should I do it myself? No. Contracts are legally binding documents that can have a long lasting impact on your business. There is a high risk involved with trying to draft a contract on your own. Attorneys are professionals trained in the area of contract law. Don’t put your business and financial stability at risk because you decided to handle a contract matter without consulting an attorney.
I have someone who wants to buy my business, how do I proceed? You need to have an Asset Purchase Agreement drafted and executed by both the buyer and seller. This contract sets forth all of the terms surrounding the purchase of the business, including timelines, purchase price and exactly what assets are transferred. As mentioned above, do not try to do this without an attorney!
I want to fire an employee, but I am afraid I will get sued. There are a number of federal and state anti-discrimination, harassment and retaliation laws in place today (a related area of labor and employment law). Those regulations are even more important in today’s society given the popularity of social media use. Having your business named in a discrimination or harassment lawsuit could be devastating for your business and reputation. The best way to manage this risk is to consult with an attorney who is familiar with these laws and regulations.
For more information on this topic, contact Robert Fravel today to set up a consultation.