Congratulations, you want to start a new business and have great ideas and financial backing. You’re ready to get started, but have you thought about protecting yourself financially from liability, taxes, and other perils or contingencies that a proper business organization can help you with?
There are many sound strategies to protect the wealth you and your family have accumulated over the years. If you have a closely held family business that you want to protect from creditors and estate taxes, your attorney may well advise the preparation of a family limited partnership agreement.
Facebook has been hit by another class action lawsuit alleging that they allowed an app to collect the personal data of more than 50 million users. The suit filed in the US District Court for the Northern District of California alleges that users had their information shared without their consent.
At some point, small business owners come across a difficult decision: whether to close down the business. The decision to do so might be related to financial difficulties, or personal life changes. The problem is that shutting down a business is just as complicated as starting one.
A mechanics' lien is an encumbrance against property for work that has gone unpaid. It is a fairly common legal remedy in construction contract cases. A business lawyer may file this type of lawsuit to help a client recoup his or her earnings.
At first glance, it might seem that employment lawyers only help disgruntled employees. Yet, at the heart of every company is a seasoned legal team. These legal professionals help with contract issues, licensing problems and employment law issues.
With each travel season comes a wave of transportation-related problems. Flight cancellations, delays and route changes are bound to occur at any time.
The legal forum that most average citizens are familiar with is small claims court. This is a special court designed to handle civil suits in a fast and efficient manner. As the name suggests, the lawsuits heard in this type of court tend to be under a certain monetary threshold.
Let's face it, not every small business makes it in today's economy. Sometimes, a business simply isn't profitable enough to remain open. In other situations, the owner may no longer want to run a business due to certain circumstances. Whatever is the case, many small business owners are left wondering how to close down the business.
Trying to sell your business can be just as hard as it was to start in the first place. There are a lot of different issues that arise when closing down, or selling to a new owner. One of the most important decisions you'll have to make is how to dispose of the company's assets.
Contracts govern a lot of different relationships between business entities. In fact, the whole purpose of creating a contract is to set out the rules of the agreement. However, many enter contracts without truly understanding all the legal consequences. One area that often remains misunderstood concerns the governing law. Yet, choice of law provisions can have a profound effect on the way your contract plays out. See what you need to know about these provisions before signing on the dotted line.
You may ask why your business needs a business attorney. Your business is like a child. You’ve nurtured it. You’ve poured energy, sweat, tears, and soul into its development and success. You want it to continue to grow, to succeed. Your business law attorney ensures your business's vital statistics and safety.
You are starting up a new business. What legal form should your business take? That legal form will depend somewhat on the nature of your business and the number and profiles of the owners. The following are general considerations for which you should consult your attorney and your accountant.
Starting a business is an exciting time. Founders know that they have to identify their skill and what niche it will serve. They know they have to develop a process for delivering a great product or service. They may not necessarily focus on the legal formalities. But the truth is that business formation is one of the most serious decisions any entrepreneur will make.
Not all businesses in Utah have their own attorney. Many businesses throughout the state are small to medium-sized. They’re large enough to need legal input on sophisticated business matters but aren’t yet prepared to hire an in-house counsel.
The business attorney will help the business to deal with negotiating contracts with vendors, corporate governance matters, employee terminations, or managing expenses associated with business litigation. In these ways, the external general counsel in Utah is an integral part of their client’s business team. They’re involved in helping the business to operate more efficiently by managing the legal matters that affect the growing enterprise.
Every business enterprise may have legal issues come up during its course of operation. Knowing how to handle these legal issues can be difficult, and that's where business law comes in.