Q: What is business and corporate law?
A: Business and corporate law is a broad practice that involves everything related to the creation, operation, and sale of a business
Q: What does business and corporate law include
- Forming new business entities, such as LLCs, S-Corporations, and C-Corporations
- Drafting contracts for employment, non-competes, and customer service agreements
- Reviewing and giving advice surrounding franchise agreements and franchise disclosure documents
- Drafting contracts for the sale or purchase of a business, including asset purchase agreements and stock purchase agreements
We provide legal guidance as a business grows and changes, such as:
- Employment law, such as the classification of workers as either employees or independent contractors
- Intellectual property law, such as non-disclosure agreements, joint-venture arrangements, or patent/trademark advice
- Protecting your personal assets from business creditors through “piercing the corporate veil” and ensuring your business is included within your estate plan.
Should I Form an LLC, S-Corp, or C-Corp?
The Risks of Not Incorporating
Which type of entity is right for my business?
Consider an LLC if:
You plan on being the sole owner of your business or you are self-funding your start-up.
Benefits of an LLC include:
Consider a Corporation if:
You’re planning on selling ownership in your company in exchange for start-up funds from outside investors
Benefits of an S-Corp or C-Corp include:
Q: Aren’t Verbal Contracts Enough—Why Do I Need a Written Contract?
A: Verbal contracts are enforceable, but without a written contract you risk creating a “he said/she said” argument in the future. On the other hand, lengthy written contracts can “go too far”—there’s a secret in the legal industry that no one will tell you: lawyers make contracts overly complex to make sure you need to pay a lawyer to interpret them. Weaver, Bennett & Bland bucks this trend by drafting solid contracts in plain language. Whether it’s drafting your contracts or reviewing contracts that someone has presented to you, having a skilled lawyer in your corner protects you and your business.
Q: Why Should I Hire a Lawyer, Instead of Using LegalZoom or RocketLawyer?
A: Online companies like LegalZoom.com and RocketLawyer.com provide business formation services in each state; however, pulling back the curtain of these online juggernauts reveals two secrets you don’t often hear. First, the business formation services you pay for are typically a form driven, one-size-fits-all approach. Second, the legal work is often farmed out to a law firm that’s the “lowest bidder.”
Every business is unique. Churning out a form for each and every new business doesn’t adequately account for your needs. What happens if you, as a business owner, become disabled? Would you want your family to inherit your ownership, or would you want your ownership to pass to someone else? If you get into a dispute with your business partner, how would you want your ownership interest to be valued? Answers to these questions—any many more—are unique to every business. The form-driven approach used by the online companies glosses over these important topics in favor of a universal solution that often results in disaster. Our business formation prices are competitive with other services offered online, and we offer a free 1-hour consultation to learn about your business needs before getting to work.