If you are in business then you have questions about business law – it is as simple as that. We highly recommend that you take your specific questions to a business law attorney who can help with your specific needs, whether they are related to business disputes, contract resolution, or something else entirely. In the meantime, keep reading to get answers to some common questions we get.
I am getting divorced – how can I protect my business?
If you own it, then it is likely the assets of your business are going to be considered during property division in your divorce. The worst thing that could happen is that you could have to liquidate your business assets in order to fulfill the obligations of the divorce. The good news is that your attorney can likely fight this.
There are also steps you can take proactively to protect your business from divorce. For example, you can draft a prenuptial agreement (or postnuptial if you are already married), you can prevent your spouse from contributing their own work or assets while you are married, you can have a lockout provision on the partnership, LLC, or shareholder agreement of your company, or you can pay yourself a competitive salary. We can help you find the right strategy for your unique situation. Contact Law Offices of Torrence L. Howell at (909) 920-0908 for a consultation.
Is a lawyer required if I want to sell my business?
It is not required but it is highly recommended. Your attorney can look at the sales contract to ensure it is fair and that your best interests are being represented. We can help you avoid issues such as getting stuck with liability for ongoing expenses and / or liability during the transition process.
My company has been accused of breach of contract. What do we do?
If another party has brought a breach of contract allegation against you then you should always take it seriously. Your next move should be to contact an experienced attorney who can review your contract. We can look for the facts of the alleged incident to see if the grounds for breach of contract are valid. Once we know what we are looking at, we can work to resolve the issue either through mediation or arbitration.
If it is not possible to come to a resolution in either of these ways then you may end up defending your company in court. That certainly requires an attorney and you are going to want an attorney who has been working on the case since the beginning.
Get a consultation with a business attorney today
Now is the time to get a consultation with a business attorney. No matter what your question is or what your concerns are, you can count on Law Offices of Torrence L. Howell to have the answers for you. Reach out at (909) 920-0908 or firstname.lastname@example.org and hire an attorney you can count on to be on your side.