Business Formation or Starting a Business
Hiring a business attorney is crucial to starting a successful business. The Grover Law Firm will help from the planning stage of your business by evaluating the potential liability associated with your particular business and help structure your business as a corporation or limited liability company to protect you from any potential personal liability.
We can provide vital input and consultation to almost every aspect of your business including formation, contracts, and disputes. The Grover Law Firm has a wide scope of experience from working on multimillion dollar contracts between large corporations to advising small start-up businesses. Moreover, the Grover Law Firm can provide access to a vast network of contacts covering all your business needs including, banking, book-keeping, accounting, marketing, advertising, and insurance.
Incorporation is the forming of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law). The corporation may be a business, a non-profit organization, sports club, or a government of a new city or town.
S-Corp election for IRS purposes
S corporations are corporations that elect to pass corporate income, losses, deductions and credit through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income.
A lawyer can help you craft a contract specific to your situation, and we have the experience to predict potential problem areas and draft the contract to avoid such problems. We draft many different types of business contracts, including contracts relating to the buying and selling of businesses, non-compete agreements, non-disclosure agreements and contracts for the sale of goods. We also review commercial leases and assist with general contracts and business advice.
Is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties
Is a term used in contract law under which one party (usually an employee) agrees not to pursue a similar profession or trade in competition against another party (usually the employer)
Liquidated damages clauses
Are damages whose amount the parties designate during the formation of a contract for the injured party to collect as compensation upon a specific breach (e.g., late performance
In the event of the death, physical or mental incapacity, or withdrawal of either Managing Partner from the Partnership, the surviving Partners shall have equal rights in the management of the Partnership and shall appoint successor Managing Partners.
Buy Sell clause
A buy-sell, or buyout agreement, protects business owners when a co-owner wants to leave the company (and protects the owner who is leaving)
An operating agreement is an agreement among limited liability company (“LLC”) Members governing the LLC’s business, and Member’s financial and managerial rights and duties
Asset Purchase Agreement
An asset purchase agreement is the written agreement by which one company buys another company. Asset purchase agreements define the assets and liabilities to be sold.
Stock Transfer Agreement
A formal document that lays down the terms and conditions by which shareholders can transfer, sell, gift or assign their stock to others with keeping with the rules of the shareholder agreement of the company.
While many businesses never think to hire a lawyer until they have a legal problem, the time to hire your business lawyer is before your business runs into trouble. It is much easier and more cost effective to prevent a law suit than to litigate it.
The information you obtain on this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. The information on this website is not a substitute for personal legal advice. While we invite you to contact us, please note that contacting us does not create an attorney-client relationship, unless you are accepted as a client of the firm. Reviewing the information on this site also does not constitute an attorney client relationship between you and the Law Offices of Pettlon & Ginie. Prior to establishing an attorney-client relationship, we would need to discuss your specific legal situation with you, complete a conflict check, and to discuss and agree upon the terms of legal representation. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.