Entity Formation

The moment you decide to start a business, you’ll find yourself facing certain legal challenges. First, you’ll need to come up with a unique name that’s not already registered. Secondly, you’ll need to apply for a business license, meaning you need to decide what type of business entity you want to register. Entity formation is crucial because it will determine how your business gets taxed and what legal requirements you’ll face. Depending on your needs, you might form a:

• C-Corporation
• LLC (Limited liability company)
• S-Corporation
• LLP (Limited liability partnership)
• Sole Proprietorship

To ensure you’re making the right choice, it’s wise to hire a lawyer to help guide you through the process. An experienced business law attorney can outline your legal options and help make the best decisions to serve your future business needs.

 

Draft of Corporate Documents

Great businesses protect themselves by drafting good legal documents. Corporate documents protect you, your consumers, and sometimes your employees, too. The right business lawyer for your company will ensure your legal documents are all drafted correctly and in order.

 

Business Litigation 

Would your business be able to survive a major lawsuit? Most small businesses aren’t prepared for potential litigation. But if you hire a skilled business lawyer, you can be ready to face any challenges in advance. Sometimes laying the groundwork early—like drafting the right corporate documents—can save your business from lengthy claims before they even begin.

 

Breach of Contract

In the event a legal contract is not adhered to, the non-breaching party may have to bring the case before the court and sue for damages. These damages may include compensatory damages for monetary losses, or another specific performance in lieu of a monetary amount. 

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Sale/Transfer of a Business

Whether you are purchasing or selling a business, it is wise to seek legal advice from an experienced lawyer.  Legal advice can protect you and your interests in the transfer of ownership of a business

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Hire the Best Business Law Attorneys in Frederick, MD

Are you currently considering hiring business law attorneys in Frederick, MD? If so, then our team of lawyers at Horman Nichols can help. Get in touch with our office today to learn more about how we can help you with all your estate planning needs.

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