Serving the corporate needs of small to mid-size businesses from start-up through maturity.
Throughout the life of a business your legal needs will change. Each entrepreneur and each business is unique and goes through many different stages. Armstrong Law Offices LLC is here to be a partner through each stage. The below chart is just an example of common legal issues that a company and its owners should work with a trusted legal advisor to address.
When moving your business from initial concept to reality you want to ensure you are not exposed to unnecessary legal or financial risks by having legal counsel for your company.
Additionally, each individual who has ownership interest in the business should, at a minimum, be represented by counsel to do a legal review on his or her behalf.
- Selecting the best legal entity (corporation, limited liability company, partnership, sole-proprietor or other entity
- Properly forming the entity selected
- Protecting your intellectual property, trademark and ideas
- Preventing violation of an existing trademark or other intellectual property right
- Compliance with employment laws and other applicable laws and regulations
Buying an existing business
When you found a great opportunity and are ready to buy an existing business you likewise will need to ensure you are not exposed to unnecessary legal or financial risks.
Each individual who has ownership interest in the business should, at a minimum, be represented by counsel to do a legal review on his or her behalf.
- Considering many of the same concerns of a start-up that are often present for acquisition of a business
- Ensuring that you are not taking on any liabilities that properly belong to the prior owner—Don’t take on liabilities or responsibilities unnecessarily
- Performing due diligence to gain a full understanding of the business being purchased
As a business grows, it often runs into areas of concern that were not necessarily present in the start-up or early stages. For example, an increase of employees can trigger wage and labor laws that were not previously applicable (e.g. the Family Medical Leave Act).
- Re-examine corporate formalities to ensure the entity selection is still advantageous
- Re-examine corporate policies and practice to ensure there is no violation of any laws
- Advise on growth into new jurisdictions and formalities needed for a business to abide by those laws (e.g. many states require out-of-state businesses to file with the Secretary of State, the Department of Taxation or other government office)
- Purchase of real estate or an extension of a lease to facilitate growth