Business law is a broad term which covers a number of different transactions affecting both individuals and companies. While business law sounds quite foreign, business transactions occur on a daily basis and are simply a part of owning a company. If you need assistance in forming a new company or in negotiating a transaction with another company, you should seek the advice of an experienced business law attorney.
Business Law Transactions
Business law includes the following types of transactions and documents:
- Asset Purchase Agreements
- Business Formation
- Bylaws and Company Agreements
- Buy-Sell Agreements
- Employment and Independent Contractor Agreements
- Stock Purchase and Sale
- Business operation and maintenance
Many of these are routine business documents which need to be drafted and reviewed before the company enters into any negotiations with an outside company. An experienced business law attorney will be able to ensure that your documents cover all potential disputes or breaches and protect your company from any foreseeable future legal disputes.
Business formation is an important part of any new business and an attorney should be consulted to make sure all documents are carefully reviewed and timely submitted. As a new business owner, you have many options relating to choice of entity. Each type of corporate entity has different advantages and disadvantages, and an experienced business law attorney can help you make the decision regarding which type will work best for your business.
However, business formation is only one part of the overarching role of business transactions. Businesses also require ongoing maintenance and updates to agreements and contracts. Corporations and limited liability companies often undergo ownership and management changes over the years, all of which should be documented through meeting minutes and other corporate documents.
Other business transactions take place as a business grows and needs to either acquire another company to continue its growth or is ready to sell the business itself to a buyer. Business law attorneys are an essential part of any major purchase or sale agreement and ensure that all due diligence is being timely completed and both parties continue to comply with all terms of the agreements. The buying and selling of businesses is a large part of business law and requires careful consideration of the transaction, as well as a good working relationship with the other party.
MichieHamlett | Charlottesville, Virginia Business Law Attorneys
Business law and related legal disputes can lead to severe consequences. Do not attempt to navigate the relevant business laws on your own. The attorneys of MichieHamlett have years of experience in assisting companies to achieve the best outcome in a number of complex business disputes and transactions. Our attorneys will ensure that your business transactions comply with both state and federal law and you receive the outcome you would like from any transaction.