Are you business law savvy? At Sparks Law, we are professionals. Legal professionals can be relied upon to do what they say they’re going to do, tell you what you need to know about complex situations, and find creative solutions to difficult problems using the tools of their profession.
It takes a lot to be an entrepreneur. Our Georgia business lawyers seek to help entrepreneurs achieve their vision by giving them access to these legal tools. Business owners should have the best. With the use of fundamental corporate law, we’re able to minimize our client’s legal risk and maximize their success.
We are the expert’s expert. A good company will have an attorney on staff, and a great company will have a legal team. As a law firm that represents thousands of businesses across all industries, our team has the experience necessary to help our clients take advantage of cutting-edge legal technology. Our in-house counsel colleagues call us to learn about the latest in business law because we are here in the trenches with our clients, developing the newest legal technologies.
Business owners and other lawyers call us because of our experience. At Sparks Law, we’ve dealt with thousands of business matters, such as:
Additionally, we’ve filed hundreds of registrations to protect our client’s intellectual property and set up thousands of startups, watching them grow into massive and successful powerhouse companies.
As a business owner, you’re selling goods or services to customers to make profits. However, you might also be buying supplies and services from vendors. In both situations, you’re entering into a contract with the other party to execute that transaction. Contracts for the sale of goods or services contain clauses that can help or hurt your business, so it is essential to go over these documents with a lawyer.
For example, a contract for the purchase of products may include a provision that requires your company to pay a set amount of liquidated damages to the other party if you breach the terms of the agreement. If the other party accuses you of breach of contract, your company could sustain severe profit losses. An experienced attorney can help minimize your risk by drafting and negotiating favorable business contracts.
Over time, your company might undergo changes in management and grow in ways that can cause you to consider converting your organization from one entity to another. A competent lawyer can advise you on how to restructure your business to fit its changing needs. An attorney can also prepare and file the legal documents necessary to convert it into the desired legal entity.
Transferring Ownership
You might need to transfer ownership of your business to a specific person or group of people upon retirement, illness, or death. In cases like this, you’ll need a strong succession plan in place that details how the ownership interests will transfer.
Devising and executing these plans can get complicated, especially if you intend to divide equity between multiple people. A corporate law attorney can discuss the different options for legally transferring interests to another person and prepare a streamlined plan on your behalf.
State law permits business owners to choose from various entities as a means of structuring their companies. These types of legal entities include:
Each legal entity provides owners with different levels of limited liability, tax burdens and benefits, and varying degrees of personal liability protection from debts. A skilled business attorney can explain the advantages and disadvantages of choosing one entity over another based on your specific circumstances. A legal professional can also draft the paperwork needed to form and organize your business.
We’ve seen how countless business law disputes play out, so we know how to help you prepare for it. We know how to write a partnership agreement that allows a business to survive a business breakup. We write estate plans for business owners so that their most valuable assets are passed on to their heirs seamlessly.
With success, lawsuits tend to follow. We write employment contracts that shield businesses from toxic individuals and make it easy for our clients to win their legal battles. Additionally, we protect our client’s brand from infringers using intellectual property legal tools.
If you want the best, give us a call. Our Georgia business lawyers will walk you through these complex legal processes.
