4701 Oleander Drive, Suite A
Myrtle Beach, SC 29577
Business law covers an array of legal issues, including business structures, the formation of a company, disputes and litigation, all manner of contracts, business operation and management, and regulatory compliance. It also covers many transactions that involve businesses, their assets, and intellectual property. Business law is an essential aspect of a successful company. It protects businesses and interested parties alike by ensuring that businesses function fairly and according to state and federal law. A business law attorney in Longs, SC is a valuable asset to ensure that your business meets regulatory standards, creates enforceable contracts, and manages business law disputes.
For many business owners, business law is not the reason why they started their company. When you hire a business law attorney, this provides you with a professional who can handle the legal side of your business. It’s essential to find a business attorney you can trust with this essential aspect of your company to effectively manage contracts, disputes, and other day-to-day tasks in business law.
At Axelrod & Associates, we have years of experience working with business acquisition, management, and litigation, as well as other areas of business law. Our team has more than 100 years of collective legal experience across different fields, and we are proud to support the community in Longs. We want to help you manage your business’s legal needs so that you can run your company.
Creating and managing a business begins with the right legal structure. Business structures have their own pros and cons, and the structure you choose should depend on the current and future needs and goals of your company. The common business structures in the state are:
An attorney can listen to the needs and plans of your business to help you make an informed choice about the business structure that is ideal for you.
Contracts are a necessary part of nearly any business transaction, both during the start-up of a company and in daily operations. These contracts outline responsibilities for how parties interact in transactions like employment, partnerships, and buying and selling. Business contracts must be handled with care and need to be legally enforceable.
Working with a business attorney means that you can have a legal professional advising you on contract decisions as well as drafting, reviewing, and filing contracts. When you have an attorney handle your business contracts, you can be confident in their enforceability. Common types of business contracts include:
These contracts should outline not only what is expected of the parties involved but also how the failure to uphold the contract should be dealt with. Contracts in business can be complex, and few people are aware of their scope. A business attorney can handle all aspects of a contractual transaction and protect your company’s interests.
A: For certain business corporation formations, you do need an attorney to sign articles of incorporation. Beyond that, an attorney isn’t required when creating and registering your business, but they can make the process much easier. An attorney can:
A business attorney’s advice can help throughout the formation and daily management of your company.
A: A limited liability corporation (LLC) allows individuals to lessen their personal liability in business assets by protecting their personal assets from being claimed by business debtor claims. An LLC is often an ideal structure for small- and medium-sized business owners, as it is one of the fastest ways to start a business while providing some of the similar benefits that corporations receive. This includes the credibility gained from a formal business structure. The taxes for LLCs are generally more simplified than those for corporations.
A: Yes, it is possible to have multiple businesses under one limited liability corporation (LLC), although it’s important to consider the advantages and disadvantages. Frequently, business owners have a physical store location and an online store under the same LLC. Business owners may be able to avoid certain fees by including multiple businesses under an LLC, but it increases the liability of each business. If one of the businesses suffers losses, debtor claims, or a legal claim, all the businesses in the LLC may suffer. You always want to discuss business formation issues with a business law attorney to determine what is in your interests.
A: One of the most effective ways to resolve business disputes is to mediate or negotiate the dispute with a business law attorney. Although litigation may be necessary for some business disputes, it’s important to attempt alternate methods. Mediation and negotiations between disputing parties are significantly less expensive than entering litigation. It is also more private. If done with experienced legal professionals, the process can go much more quickly.
When you begin a business, you want to focus on the growth and reach of that company. The team at Axelrod & Associates wants to help you with that goal. We work to understand your unique needs as a business and provide the legal services that help you run your company smoothly. Contact our team today.