Business law matters can include formation, operation, contract, employment and dispute issues

Whether you know what business you want to form or need advice on the benefits and risks associated with each business type, Rob Rhyne Law can help.  Additionally, ensuring the proper paperwork is in place to protect you and your business is critical. Documents like operating agreements, partnership agreements, and by-laws are an important step in starting your business.  

This default business type does not require owners to register with the state, making them easy to form and giving the owner complete control of their business. By not forming a separate business entity the business assets and liabilities are not separated from your personal assets and liabilities. 

If your business will have two or more owners, Partnerships are the simplest structure to setup. Depending on the type of partnership established, personal liability will vary but profits and losses will pass to the partners. Partnerships are encouraged to create partnership agreements to protect the partners in the event they disagree. 

Limited Liability Companies (LLC) have the benefit of being easy to manage and allow the owners to be flexible in their tax options while providing owner liability protections. LLCs are encouraged to create an operating agreement detailing out various factors on how the business will operate, roles and responsibilities, exit strategies, and disputes. 

Understanding the benefits of the different corporations (C-Corp, S-Corp, Non-Profit) is critical in determining the type of Corporation the owners want to form. Tax exemptions and Double Taxation situations, or the ability to take the corporation public, may be determining factors in which corporation type the owners form. Corporate bylaws outline the rule in which a corporation will operate. 

Contracts are the lifeblood of business relationships. They outline the material aspects of the agreement. Important contract provisions to consider are the start and end dates, termination options, choice of law, alternative dispute resolutions, change of control, confidentiality, and assignment clauses.

Clear and understandable contracts are critical in protecting individuals and businesses from potential risks they may face with ambiguous agreements. 

Our contracts attorney can help with all your agreement needs.

Ensuring an agreement includes the appropriate terms to protect your interests requires complex negotiations. As any relationship, both parties have interests that may not be aligned. 

By understanding your objectives and what is important to your business, our business lawyers are able to assist in negotiating the key terms of the agreement, which will put you and your business in a better position to be successful. 

Sometimes you are faced with a contract situation where you are unable to change the terms, the contract is already in place, you feel like your interests might not be protected, or you don't know all the legal terms in the agreement and want to make sure you have a clear understanding of what you are agreeing to.

By reviewing these contracts, our contract attorneys are able to advise you on critical risks that you or your business may face and make you aware of potential issues that may arise in the future as you consider signing, or operating under, those agreements.