Whether your business is a startup or has been around for several years, whether your business grosses thousands of dollars each year or millions of dollars each year, it is important for you to make sure your business is protected from financial losses that could result from failing to properly care for everyday business legal issues.
Whether you are contemplating legal issues related to starting a new business or you are grappling with complex legal issues regarding your existing business, it is important to make sure that they are addressed by someone with experience. The consequences of failing to do so could include fines, tax problems, and additional legal problems. Here are just a few of the most common issues that New Orleans business attorneys help business owners address.
Choice of Business Structure
Under Louisiana law there are several different types of business structures: sole proprietorship, limited liability company, partnership, S corporation, and C corporation. In determining how to structure your business, there are a number of different considerations, including tax and liability issues. New Orleans business attorneys will explain to you these options and advise you on the long-term ramifications of the option you select.
Buying and Selling a Business
If you decide to buy an existing business, there are several steps to take and issues to consider before the deal ultimately closes. A few of the steps include agreeing upon a purchase price with the owner based on a professional appraisal, completing due diligence to uncover hidden problems, if any, agreeing upon payment terms, and signing a purchase agreement that has first been reviewed by New Orleans business attorneys.
Employment Contracts and Agreements
If you are at the point in your business where you need more help you will be faced with hiring employees or independent contractors. Hiring people to work for you may raise a number of issues regarding confidentiality, workers' compensation, benefits as well as tax and reporting requirements. New Orleans business attorneys can draft employment agreement and workplace rules that will help ensure that you and your business are well-protected should the employment arrangement sour.
Succession Planning
If you are concerned about what will happen to your business once you retire or pass away, New Orleans business attorneys can help you put together a plan for your business to smoothly transition from your control to someone you designate in advance. A comprehensive succession plan will include a review of the corporate structure to ensure ease of ownership changes, a determination of the most efficient method of transferring the business, and a determination as to who should be the future owner or manager of your business.
Protecting company intangible assets
Your most valuable business assets may be intangible, such as software, domain names, the name of your business, inventions, and trade secrets. Because of the intangible nature of such assets, properly protecting them can be complex. New Orleans business attorneys have the experience to draft licensing agreements, confidentiality agreements and other agreements that will protect your ownership interest in such assets, as well as filing the appropriate paperwork to copyright, trademark or patent your intellectual property.
Even seemingly minor business issues can have a major impact on a business if not handled properly. Contact Barrios Kingsdorf & Casteix LLP to learn more about how we can help your business with legal issues.
Whether you are contemplating legal issues related to starting a new business or you are grappling with complex legal issues regarding your existing business, it is important to make sure that they are addressed by someone with experience. The consequences of failing to do so could include fines, tax problems, and additional legal problems. Here are just a few of the most common issues that New Orleans business attorneys help business owners address.
Choice of Business Structure
Under Louisiana law there are several different types of business structures: sole proprietorship, limited liability company, partnership, S corporation, and C corporation. In determining how to structure your business, there are a number of different considerations, including tax and liability issues. New Orleans business attorneys will explain to you these options and advise you on the long-term ramifications of the option you select.
Buying and Selling a Business
If you decide to buy an existing business, there are several steps to take and issues to consider before the deal ultimately closes. A few of the steps include agreeing upon a purchase price with the owner based on a professional appraisal, completing due diligence to uncover hidden problems, if any, agreeing upon payment terms, and signing a purchase agreement that has first been reviewed by New Orleans business attorneys.
Employment Contracts and Agreements
If you are at the point in your business where you need more help you will be faced with hiring employees or independent contractors. Hiring people to work for you may raise a number of issues regarding confidentiality, workers' compensation, benefits as well as tax and reporting requirements. New Orleans business attorneys can draft employment agreement and workplace rules that will help ensure that you and your business are well-protected should the employment arrangement sour.
Succession Planning
If you are concerned about what will happen to your business once you retire or pass away, New Orleans business attorneys can help you put together a plan for your business to smoothly transition from your control to someone you designate in advance. A comprehensive succession plan will include a review of the corporate structure to ensure ease of ownership changes, a determination of the most efficient method of transferring the business, and a determination as to who should be the future owner or manager of your business.
Protecting company intangible assets
Your most valuable business assets may be intangible, such as software, domain names, the name of your business, inventions, and trade secrets. Because of the intangible nature of such assets, properly protecting them can be complex. New Orleans business attorneys have the experience to draft licensing agreements, confidentiality agreements and other agreements that will protect your ownership interest in such assets, as well as filing the appropriate paperwork to copyright, trademark or patent your intellectual property.
Even seemingly minor business issues can have a major impact on a business if not handled properly. Contact Barrios Kingsdorf & Casteix LLP to learn more about how we can help your business with legal issues.
About the Author:
New Orleans business attorneys can help your company deal with legal issues and lawsuits. To get business help from the corporate counsel in New Orleans right away, pay a visit to this website at http://business-and-real-estate-law.weebly.com/blog/top-5-issues-new-orleans-business-attorneys-can-help-your-company-with.
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