Loris Business Law Attorney

Loris Business Law Lawyer

Business law is a complex legal field that handles business formation, contractual issues, and business disputes. Following business law is necessary to run a successful and functional company. Business law protects employees, owners, vendors, customers, and other interested parties by ensuring that businesses function ethically and to a certain standard. As a business owner, you have to spend a lot of time managing and running your company. This doesn’t always leave time to manage the intricacies of business law. By working with a business law attorney in Loris, NC, you can protect your company. An attorney can aid with business litigation, contract drafting, business planning, negotiation, and regulatory compliance.

Axelrod & Associates: Protecting Your Loris Business

At Axelrod & Associates, our attorneys have over 100 years of combined legal experience, and we have worked for many years in business law and management. When you work with a business law attorney, you have to trust them with a significant part of your business. Our attorneys can work with you to understand your goals for your company and then manage the company’s legal needs according to those goals.

We can handle the daily legal tasks needed, such as business transaction negotiations, drafting and managing contracts, or business disputes and litigation. Our firm understands that business owners began a company to pursue a passion, not to manage business law. We are proud to help business owners and our community with their business law needs.

Business Structures and Starting a Company

Starting a company in Loris begins with determining the correct legal structure for your current and future business goals. An attorney can walk you through the positives and negatives of each business structure and determine how your business goals correlate with those structures. This includes the growth of a company and its long-term success. Commonly used business structures include:

• Limited Liability Corporations (LLCs)
• Limited Liability Partnerships
• Limited Partnerships
• General Partnerships
• Sole Proprietorships
• Joint Ventures
• S Corporations
• C Corporations

Each state has different laws governing the management of different businesses. You want to work with an attorney who is deeply familiar with the requirements of South Carolina laws.

Areas of Business Law That an Attorney Can Help With

There are several ways an attorney can help with the legal needs of a business. These include:

Business Contracts and Transactions

Contracts are essential to any successful business, both in daily operations and when beginning a company. Contacts cover, among many other business transactions:

• Employee contracts
• Service contracts
• Vendor contracts
• Partnership contracts
• Lease contracts

These contracts have to be legally enforceable, well-written, and clear when outlining the responsibilities of each party. A business contract needs to protect your personal and business interests while maintaining strong connections with business partners, vendors, and employees. An attorney can help you draft, review, negotiate, and file essential business contracts.

Business Dispute Resolution and Litigation

Disagreements are an unfortunately common part of running a business. Common business disputes include breaches of contract, disputes over intellectual property, and employment disputes. An attorney can effectively represent you in business litigation. However, it’s essential to work with professionals who can try alternative dispute resolutions before litigation. This includes mediation and negotiation with the other party to find a solution cooperatively. Litigation is costly, public, and time-consuming. It’s often in the interests of a company to resolve disputes out of court, but a strong attorney knows when litigation is necessary.

Business Acquisitions

Buying or selling a company is a complex process. An attorney can help negotiate the acquisition, draft the necessary contracts, transfer assets and intellectual property rights, and ensure that all aspects of business law are followed. An attorney is needed to close an acquisition deal, and having a professional on your side through the process can make it go more smoothly. If you are acquiring a company, your attorney can then assist you with reviewing the business and its policies.

FAQs

Q: How Important Are Lawyers to a Business?

A: A business law attorney can provide many benefits to new and established businesses. This includes:

• Legal and regulatory compliance with state and federal laws that govern your business
• Reviewing, drafting, and negotiating contracts, including employment contracts, transaction contracts, and lease contracts
• Handling mergers, acquisitions, and other transactional needs
• Limiting business disputes through mediation and negotiation
• Representing you in business litigation if a dispute can’t be avoided
• Safeguarding intellectual property rights

When you run a business, you don’t often have the time to focus on the intricate requirements of business law. An attorney can handle that for you.

Q: How Much Does It Cost to Incorporate a Business in South Carolina?

A: In South Carolina, the cost to file Articles of Incorporation is $110. There are additional optional costs, such as reserving an indistinguishable name or registering a Doing Business As (DBA) name. Depending on your business, you may also need to file for additional licenses. An attorney may be needed to sign off on certain business corporation registrations. An attorney can also advise you through the process of incorporating your business and help it operate more efficiently.

Q: Do I Have to Renew My LLC Every Year in South Carolina?

A: Unlike other states, South Carolina does not require most LLCs to file an annual report. LLCs that operate as partnerships or sole proprietorships do not have to file. However, if an LLC is taxed differently, including being taxed as an S corporation, there are yearly income tax requirements in South Carolina. An attorney can advise you on the specific requirements of your unique business structure.

Q: How Long Does It Take to Set Up an LLC in South Carolina?

A: The fastest way to form an LLC in South Carolina is by filing online. It takes 1 to 2 business days, and filing online has a higher approval rating. Filing by mail could take 3 to 4 weeks, as the processing period for the Secretary of State is expected to be 1 to 10 business days. An attorney can help you determine the information necessary when filing to form an LLC.

Contact Axelrod & Associates

At Axelrod & Associates, we want to help you with the daily needs and functions of your company so you have less stress and can manage the business that you’re passionate about. Contact our team today to see how we can help with your company’s goals.