Navigating the opportunities and challenges your business faces.
Chances are when you first started your business, the last thing you worried about was legal issues you might be forced to deal with. All businesses have certain legal requirements they must meet and specific legal issues they may have to deal with.
At Solomon Richman, we take great pride in the fact that many of our corporate clients have been with us for many years. This is largely because we have devoted a major portion of our practice solely to business law. For more than 50 years, we have provided businesses of all sizes with affordable and timely business advice.
Some of the issues you may have to deal with when running a New York business include determining how to form your business, crafting appropriate employment contracts, developing employee handbooks and dealing with financing issues.
BUSINESS FINANCING ISSUES
Whether you need startup money for your business, money to fund equipment, or need to raise day-to-day capital, there are numerous issues that must be dealt with when obtaining financing. In some cases, venture capital is offered to businesses in return for equity in the company. The agreements that are created for all types of business financing should always be reviewed by a business law attorney.
EMPLOYEE AND CONTRACTOR ISSUES
Any business that has employees is required to follow certain rules. These rules include providing for employee rights, ensuring equal access for disabled employees, as well as dealing with issues such as termination and employee classification. Mistakes in any of these areas can be very costly to businesses of all sizes. This is just one of the reasons why it is so important to have a business attorney review all employment contracts, as well as employee handbooks and manuals.
BUSINESS FORMATION ISSUES
One of the most critical decisions you will make when starting the business is deciding on the corporate classification under which your business will be formed. For some businesses, a partnership agreement that clearly defines the roles of each partner is imperative, while other businesses may do better with a C Corporation structure. How your business is formed will have an impact not only on how your business is run, but also on how you are taxed. It may also have an impact on how you would go about closing the business in the future.
REAL ESTATE ISSUES
Whether you are leasing an existing property, having a building constructed, or are considering buying a property, real estate contracts should be carefully reviewed. This is why it is especially helpful to have an attorney who understands real estate law as well as business law. You do not want to discover you have made a mistake on a real estate contract that could have a negative effect on your business.
Regardless of how minor a business transaction may appear on the surface, there are always legal issues that must be dealt with. No matter what type of business transaction you are dealing with, Solomon Richman P.C. can help. Call us today for a consultation with one of our business law attorneys.