Nov 29, 2017 · Compliance & Risk Management – New and even established businesses benefit from an experienced business lawyer who can advise on compliance issues and develop systems to monitor and minimize risk. Real Estate & Property Disputes – Whether your business owns property or leases it, you’ll likely need the assistance of a business lawyer.
May 02, 2022 · Also, it’s risky to choose a name that might infringe on another business’s registered trademark. And if you think you’ll want to trademark a business name, you’ll want to choose a name that meets trademark protection criteria. A lawyer can explain the rules and help you research your options. 3.
Jan 08, 2021 · There are several reasons to do so, but the most common reasons for selling a business include: The business is no longer profitable to the business owner; The sale or breakup of the business is part of a larger court order, such as if the business is being terminated due to a legal violation; The original owner and/or operator can no longer be ...
Aug 03, 2021 · The first step to setting up power of attorney is deciding who should receive that designation and the responsibility that comes with it. The individual chosen as your power of attorney should be ...
A good business lawyer can introduce you to angel investors and venture capital sources based on previous experience with them. Having a network of proven financial backers can be essential in getting off to a strong start with funding and high valuation.
A business lawyer can help you build and maintain good relationships with your customers, clients, partners, and suppliers by creating the appropriate communications vehicles. If you are asked to sign agreements and contracts with others, a lawyer can review them for you and keep you out of trouble.
Hiring a business lawyer is just one step that positions your business for success. There’s no telling what types of challenges you and your business will face during your venture, which is why it’s extremely important to prepare for the worst.
Lawyers work with a lot of people. Some may even able and willing to introduce you to some of their connections in a way that benefits your business. In addition to minimizing risk, an attorney can help you maximize value. A good lawyer can tell you about special tax benefits of one type of incorporation vs. another type.
For example, founding a startup as an LLC and later changing it to a Delaware C corporation would be more expensive than choosing the right type and filling out the right forms from the beginning.
It is possible that a company founder can get into legal trouble to the extent that the federal government starts an investigation. Issues can stem from IRS filings or financing laws or securities questions, or any of a dozen more possibilities. A business transactional lawyer has the experience to help you with the legal maze you will face.
Inexperienced entrepreneurs can take on unnecessary or unusual liabilities and dilute or spread equity too much. Before signing any terms, it’s a good idea to have a lawyer advise you on the soundness of the agreements you make. You can avoid traps from investors who want to take advantage of you. 10.
A Portland business lawyer’s specialty, on the other hand, is to be well-rounded! Our attorneys are equally comfortable reviewing a contract, consulting with business owners, negotiating a complex deal, or litigating in court– and that’s just a fraction of the situations in which we find ourselves. Great business lawyers are flexible and knowledgeable problem solvers who are always looking for the best way to help their clients.
If you’re a business owner in Oregon or Washington and you have questions or think you might need the help of an experienced business lawyer, give JJH Law a call at (503) 552-1467 to schedule a confidential consultation at our Portland office.
Some business lawyers may bill exclusively by the hour. Can you see the drawback here? The law firm is incentivized to spend more time on the case to maximize their revenue.
As a business owner, if you ever catch yourself thinking “I don’t need a lawyer, I can handle this myself,” it’s probably a good time to speak with a business lawyer and find out for sure. Your time is better spent running your business than trying to resolve a legal situation on your own.
Yes– but only when we need to. Don’t get us wrong – it’s not that our business attorneys aren’t expert litigators who take great pride in representing our clients in court in Oregon and Washington. But often times there’s a better solution to a dispute and save our clients’ valuable time and money.
An attorney can help you negotiate favorable contracts and ensure you understand all the fine print. Handling employment issues: As a business’s workforce grows larger, business attorneys often step in to help with labor law compliance and to resolve wrongful termination lawsuits.
Attorney Dan Nguyen says that small businesses should consider hiring a business attorney on retainer:
Generally, h ourly billing rates for business attorneys range anywhere from $150 per hour for a junior attorney in a small city to $1,000 or more per hour for a top attorney at a big-city law firm.[2] With this in mind, it’s important to get all the details of your fee agreement in writing—so that you know exactly how much you’ll be paying for your small business attorney’s services.
Different lawyers have different communication preferences. Some old-school attorneys prefer in-person meetings and phone calls for quick questions. Others prefer email and use e-signature software to store and sign documents. If you’re a small business owner with a busy daytime schedule, you’ll want to make sure the lawyer understands this and that you have a way to communicate urgent matters.
The next step after sourcing a handful of business attorneys is to meet with all of them. Most lawyers offer free half-hour or one-hour consultations to meet with potential clients. A consultation is a good way to see if a small business lawyer is a good fit without committing.
A small business lawyer can help you draft both partnership agreements and corporate bylaws.
The best way to hedge your bets against legal problems in the future is to invest time and resources now in finding a small business attorney. A good business attorney is like a partner to your business and can see you through some of the most challenging times for your company.
A business lawyer can explain how to start a business and answer your business law questions. But more importantly, a lawyer can identify the risks you face and help you minimize them. When you meet with your lawyer for the first time, it’s a good idea to have some questions in mind.
Meeting with a small business attorney is an important way to get your business off to a good start and minimize future risks. Here are questions to ask at your first meeting. New entrepreneurs have their hands full, making plans, developing products and services, and lining up financing.
Always ask your business attorney to assess your risks and identify ways to alleviate them. Getting business advice and legal help from a small business lawyer is a smart way to start a business off on the right foot. But don’t lose touch with your lawyer once your business is up and running. Make it a habit to seek business legal advice regularly ...
Before starting a small business, you must decide how your business will be structured. If you do not form a formal business entity, your business will either be a sole proprietorship (with one owner) or a general partnership (with more than one owner). Legally, you and your business will be the same “person,” so if your business has debts ...
Federal laws range from anti-discrimination laws to health and safety regulations to wage and hour laws. You may need policies and procedures, handbooks, and training to ensure that you don’t inadvertently violate them. You must also comply with state laws relating to such things as the minimum wage.
Your business might need contracts for routine transactions, to protect confidential information, to describe employment relationships, or for leases and other major transactions.
Contracts protect your business by describing the rights and responsibilities of the parties to the agreement. A well-written contract can reduce the number of disputes that arise, ensure that you get paid for the work you do, and provide a clear remedy if one party doesn’t hold up its end of the deal.
When a business owner decides to sell their existing business, they will need to be ready to commit some time to organizing all of their financial documents. Additionally, they will need to spend a considerable amount of time getting the company in order.
Some examples of such issues include, but may not be limited to: Creation and negotiation of sales contracts. The most common legal issues in a business sale are those involving the division of property and handling of debts.
An agent will assist in advertising that your business is for sale, which can in turn bring in more offers. Additionally, an agent can advise selling owners of whether specific offers are worth considering. Purchasing an existing business has numerous benefits, for both the purchaser and the seller.
Creation and negotiation of sales contracts. The most common legal issues in a business sale are those involving the division of property and handling of debts. These issues most often require extensive analysis in order to determine the exact amounts owed.
As such, it is important to anticipate putting the business up for sale in the event that selling the business is required. Making necessary preparations can make the process easier later on.
To get started, follow these basic guidelines for designating power of attorney: 1 How to set up power of attorney. 2 Consider durable power of attorney. 3 Limited vs. general power of attorney. 4 Immediately effective vs. springing power of attorney. 5 Power of attorney for health care.
Individuals have the option to create a power of attorney that is effective immediately upon their signature or that takes effect only under predetermined circumstances, such as in cases where the principal becomes incapacitated. This option is called a springing power of attorney.
It can be useful for the power of attorney and health care proxy to work closely together, Kirchick says, as the power of attorney is often responsible for ensuring medical bills and nursing home bills are paid but should also be made aware of the individual's desire for treatment and living arrangements.
A limited or special power of attorney allows the agent to complete only certain transactions, such as selling a piece of property, without granting them more general privileges.
Generally, power of attorney applies to legal and financial matters, but a separate document can also allow a proxy to make health care decisions for you if you are incapacitated. The rules for designating power of attorney vary from state to state, so it's important to know your own state's laws. Here's what to know about power ...
But if you’re goal is hotshot, what the heck do you care? It’s still a CDL.
If you’re serious about a hotshot business, you’re gonna need a CDL. Here’s why