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Business Advice

Expert Legal Counsel for Business Formation and Growth

Starting a business is exciting, but it is critical to get organized correctly and create a plan for your business's operation, especially if you have business partners. In addition to properly forming your entity, you should have a set of bylaws or an operating agreement to outline how business decisions will be made in your organization. These important legal documents prevent disputes that could threaten the future of your company. Let our experienced team guide you through the legal process and set your business up for success.

Business Advice

The Importance of Legal Counsel for Buy-Sell Agreements

When you own a business, particularly with partners, it is critical to know what will happen to your interest if the worst events befall you, like death, divorce, disability, or departure of a partner. Creating a buy-sell agreement between partners, or between an owner and an employee or family member, protects the company, the partners, and their families by defining a clear plan for how the business will be owned and managed after adverse life events occur. At Bondurant Law, we provide expert advice and guidance to ensure your interests are protected.

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Business Advice

Buying or Selling a Business: Legal Advice for Maximizing Value

When individuals buy or sell small businesses, they are either buying or selling what may end up as their most valuable asset. In those cases, there is much to consider, from issues of how to structure the purchase price, who retains liability for any debts, and how to structure the transaction for maximum tax benefit. Any business owner or prospective owner needs advice in such a case. Contact us if you are considering buying or selling a business.

Business Advice

Generational Transfer Planning for Your Business: Get Sound Advice to Protect your Legacy

If you own a family business that you wish to remain in your family, it is essential to make a plan for the survival of the business. In so many cases, family businesses are destroyed due to family in-fighting caused by lack of planning. At Bondurant Law, we have helped many clients decide how to transfer ownership and control over the family business to protect their legacy and maintain peace in their families for years to come.

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Business Advice

Business Disputes: Protect Your Interests

Partners never go into business thinking they will end up having to part ways one day. However, those days often arrive, and each individual needs an attorney looking out for his or her best interests. If you have a dispute with your business partners, schedule an appointment to get advice about your options.

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Frequently Asked Questions

Find answers to common questions related to Business Advice and corporate transactions.

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Can I schedule a consultation?

Absolutely! We offer consultations to discuss your legal needs and provide tailored legal advice. Contact our office to schedule an appointment with one of our experienced attorneys.

Business Advice
What is an operating agreement? What are bylaws? Do I really need them for my business?

Operating agreements and bylaws both define the rules on how a company will operate, including how voting is to occur and who within the organization has the authority to take action on behalf of the company; the only difference between the two is that an operating agreement applies to a Limited Liability Company and bylaws apply to corporations. If you have a business with more than one owner, it is critical to create either an operating agreement or bylaws when starting your business to allow for a clear, agreed-upon process for handling voting and disputes.

Business Advice
Shouldn't I just leave my family business to all my kids equally? Isn't that the fair way to pass my business?

The decision of who should be the owner of your family business in the next generation requires much consideration, and evenly dividing it among your children may cause more harm that good. While it may seem fair, often such a division could result in serious family disputes. Contact us to discuss ways to be both fair to all of your family members while also ensuring your business legacy is protected for years to come.

Business Advice
What issues should I consider when selling or buying a business? How can you help me?

When selling or buying a business, the transaction includes so much more than the price and the assets. Any buyer or seller must consider the structure of the transaction for tax efficiency, whether to require all cash up front or payments over time, which party will be liable for any debts or claims that may arise, whether the seller will remain involved in the business, and much more. Schedule an appointment to learn more.

What is Business Advice?

Business Advice refers to the guidance and support provided to businesses to help them make informed decisions and navigate various challenges and opportunities.

Why is Business Advice important?

Business Advice is important as it helps businesses optimize their operations, minimize risks, and maximize growth potential. It provides valuable insights and strategies to achieve long-term success.

What services are included in Business Advice?

Business Advice encompasses a wide range of services, including strategic planning, financial analysis, market research, legal compliance, and more. It is tailored to meet the specific needs of each business.

How can Business Advice benefit my company?

Business Advice can benefit your company by providing expert guidance, helping you identify growth opportunities, improving operational efficiency, and ensuring legal compliance. It empowers you to make informed decisions and achieve your business goals.

How do I get Business Advice?

To get Business Advice, you can reach out to our experienced team of professionals who specialize in providing comprehensive and personalized guidance. Contact us today to schedule a consultation.

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