By: Rachael B. Brekke, JD/MBA
Whether you want to start a business, grow your business, or sell your business – you should always work with a lawyer to protect your business and your interests.
There are many types of business entities to choose from in New Jersey and each has its own pros and cons that you should discuss with an attorney. Once you have determined which business entity is best for your business, an attorney will form your entity and register it with the appropriate governing body. When registering your entity, you may elect to have your attorney to serve as your Registered Agent and receive notifications, including official government notifications, on behalf of the business.
A successful business will have many contracts and written agreements. It’s important to have skilled attorneys drafting the contracts. The most common lawsuits in business are employment discrimination, wage law violations, breach of contract claims, and partnership disputes. If a dispute or breach arises, you want to be certain that your contract protects you and your business. As attorneys, we appreciate a well-written contract that we can bring to court and recover everything included in the contract. Your remedies may include more than monetary damages. Depending on the circumstances, you may be entitled to an injunction or other equitable remedy to protect your business from further damages. If you’re considering the sale of your business, there is a detailed contract for sale that should be negotiated and drafted by an attorney.
Rest assured that your business lawyer should help you through the good times and bad. If your business is experiencing financial difficulties, our lawyers are qualified to discuss your options. Bankruptcy is not always the only options, but when it is, the attorneys at McDowell Law have experience to help you through the filing process, negotiating your plan, and keeping your business in compliance.