Business and Contract Law
At Freeman & Freeman, we achieve results through flexibility, efficiency, and personalized service. We help your business succeed from incorporating small start ups to negotiating contracts, mergers and acquisitions and handling complex legal affairs for multi-million dollar corporations. We know that each small business is a big step to start and comes with some big concerns along the way to its owners. We counsel small businesses in business, contract, corporate and commercial matters.
Business legal services include:
Business legal services include:
- Business Formation
- Contract Drafting and Negotiation including
- Shareholder, operating and partnership agreements among owners
- Employment agreements
- Acquisition, sale and merger agreements
- Financing, agreements with lenders and investors
- Leases
- Negotiating departures, split-ups and other changes in owner or key personnel
- Compliance filings
- Dissolutions and winding up the business
- Commercial Lending and Banking Regulation
- Business/Commercial Real Estate
- Franchise Agreements
- Business Litigation
- Debt Collection
- Town House/Condo Associations
- Shareholder and Director Disputes
- Mergers, Acquisitions
- Business Asset Purchases
- Business Finance
- Do's and Don'ts: Starting a Business
THE DO's
DO limit your liability to your investment in your company by incorporating your business or organizing it as a limited liability company.
DO disclose everything to your attorney about your proposed business venture and past business experiences, both positive and negative.
DO discuss with your attorney the advantages and disadvantages of the various forms of business entities.
DO discuss with your attorney the "corporate formalities" to which you must adhere in order to preserve the limited liability afforded to you by virtue of having incorporated your business.
DO discuss with your attorney the need for a detailed written buy-sell agreement with your business partners.
DO discuss with your attorney the need for a written employee handbook and written employment agreements containing confidentiality and noncompetition obligations if necessary.
DO apply for a federal tax identification number for your business (necessary for almost all businesses).
DO talk to a tax professional and budget for taxes.
DO invest in technology.
DO prepare a detailed written business plan.
DO seek advice from organizations such as Small Business Development Centers (www.sba.gov/sbdc/sbdcnear.html) and the Service Corps of Retired Executives (SCORE) (www.score.org).
DO join your local chamber of commerce, local civic organizations, trade groups, and entrepreneurs organizations.
DO get to know your customers and suppliers.
DO network.THE DON'Ts
DON'T make expensive office space and furnishings a high priority unless you are in an "image" business.
DON'T print your stationary, business cards, and promotional materials until you have had a trademark attorney conduct a search of existing state and federal trademarks and pending trademark applications.
DON'T ask or permit your employees to breach confidentiality or noncompetition agreements with their previous employers.
DON'T spend money required to be set aside for employee and other withholding taxes.
DON'T sign company contracts in your individual capacity. Rather, sign them on behalf of the company as an officer of the company.
DON'T put off buying insurance.
DON'T give up 50 percent of your company to investors in your first fundraising effort.
DON'T pass up opportunities for free publicity.
DON'T try to do everything yourself. Setting up a business is complicated, and a business law attorney can assist you in making and implementing the right decisions.
- Findlaw.com