Blue Bell Business Law Attorney Providing Legal Services and Guidance for Business Owners
Serving Philadelphia, Chester, Lehigh, Montgomery, Delaware, and Bucks Counties
Starting a new business can be an exciting journey, but it also requires a lot from the new business owner, and there are many critical decisions to be made. Most business owners find it overwhelming to try and navigate all the business laws and requirements that they must adhere to, as well as the seemingly endless amount of paperwork that goes with it. This is when a business law attorney can be a valuable resource.
What Does a Business Law Attorney Do?
A business lawyer provides a variety of legal services, advice, and guidance to enable business owners to run their companies successfully while staying compliant with local business regulations and tax requirements. Business owners often need to juggle multiple tasks and can rely on a business law attorney to handle things like writing contracts, assisting with filing business tax returns, or preparing the necessary documents to apply for trademarks or copyrights.
Business law attorneys can also assist entrepreneurs with all types of legal issues that arise in the process of starting, running, or closing down a business. And when business-related disputes or legal conflicts occur, such as contract, property, or real estate disputes, or when your business finds itself as a defendant in a lawsuit, a business attorney is an extremely important advocate for business owners, helping them protect their interests and providing representation both in the courtroom and during out-of-court negotiations.
What Practice Areas Do Business Attorneys Represent?
Only some lawyers you speak to have the experience and skill to represent you and your business formation. When you are drafting operating agreements and bylaws, and other company formation documents, it is vital that you enlist the services of a legal team well-versed in the legal research surrounding the intricate workings of modern American business operations. At the Pile Law Firm, PLLC, we are committed to providing clients with dedicated legal representation so that they may feel confident that their business is operating properly under the eyes of the law while protecting their interests. From preparing merger agreements and asset purchase agreements to keeping meeting minutes and preparing company resolutions, we can provide legal aid to your business when and where you need it most.
Business Lawyer Practice Areas Include:
- Business Consulting: While you may have a clear vision of what you want your new business to become, you may lack awareness of relevant business laws and regulations. Depending on the formation of your business, you may put your personal assets at risk in instances where your business is one day named in a lawsuit. And there are other considerations to be made, including local regulations, which could result in fines or other penalties to your business. With business consulting, we can guide you on how to improve your business finances and defend your legal exposure.
- Draft & Review Contracts: Employee and business partner contracts are among the most important elements of any business construction. We can assist clients with drafting, reviewing, and negotiating contracts so that the business owners and their staff are happy and content. Sometimes it becomes necessary to update a contract. We can also assist you in amending legal documents, reviewing agreements, and providing revisions, and redlines, to keep contracts and other agreements satisfactory to all parties.
- Drafting SAFEs: SAFE agreements, also known as simple agreements for future equity or SAFE notes, are essential legal contracts for business startups looking to acquire the necessary funding for their new businesses. This relatively new type of legal agreement allows a company’s investor to achieve equity in exchange for immediate funding from the investor. The company benefits today, and the investor benefits sometime in the future. Your business law attorneys can assist you in drafting SAFEs that benefit both the company and its investors.
- NDAs: If your business ever needs to sign employees (or ex-employees) to a non-disclosure agreement, we can assist you in this matter. Reviewing and negotiating NDAs is serious business because any tiny hole in the deals can be potentially exploited. Whether you are looking to sign others to an airtight NDA or you are exploring ways by which to get around an NDA, we would be proud to assist you.
- Registering Trademarks for Your Business: A legal trademark can be any word, phrase, logo, symbol, design, or combination of said examples that are used to identify a company’s goods and services. Protecting this trademark protects your brand, which can come under attack by rivals or bad actors. As your legal representatives, we will assist you in registering any valid trademark for your business interests.
- Reviewing Business Agreements: Whether your business has been met with conflict internally, with a rival, with a friendly merger, or even with the law, it may be necessary to review agreements to make things run smoothly.
- Stock Purchase Agreements: Stock purchase agreements (SPAs) are legally binding contracts between companies and their shareholders. Our law firm can assist you in reviewing any restricted stock award agreements and other stock option agreements so that contracts are mutually satisfactory between the stockholders and the company.
Why is it Important to See an Attorney Before Starting a Business?
Prospective business owners may sometimes need clarification about whether they really need to see a business law attorney before starting their business and tend to prefer to try and figure it all out on their own. While some businesses are quite simple – such as a sole proprietorship — and a business owner can probably handle most aspects of it without any help, other businesses may be more complex, depending on their niche and market and even licensing or taxation requirements.
Starting a sole proprietorship is not the same as starting an S-Corp. Each type of business comes with unique sets of challenges, risks, and tax requirements. The more complex your business is, the more you should consider getting the help of a business law attorney. This is the best way to get business law advice you can feel confident about and take the steps necessary to start your business the right way and reduce your risk of facing legal challenges in the future.
This is also true if your business requires licensing or will need to deal with vendors, contractors, employees, and other parties. A business law lawyer can help draft the initial contracts, assist with the negotiation process and step in to resolve any conflicts if necessary. In short, while it is not mandatory for you to see a business attorney, choosing the do-it-yourself route may be extremely risky.
Your entire business – and sometimes your personal wealth – is on the line, and just a simple mistake or oversight can jeopardize everything you’ve worked so hard to build and may cost a lot more than the attorney fees you would have paid in the first place. So, regardless of the size and complexity of your business, it is worth speaking to a business law attorney to ensure your business is fully compliant, has well-drafted contracts, and is ready to fulfill all its tax obligations.
What Happens if My Business is Being Sued?
Even the simplest of businesses are not free from the risk of being sued by a questionable vendor, a disgruntled employee, or an unhappy customer. This is something to keep in mind even as you are starting your business because certain business structures offer more personal asset protection than others in the event of a lawsuit against your business. For example, if you find yourself having to pay a lot of money for a settlement that was decided against you, a sole proprietorship is a type of business that is not considered a separate entity, and thus all your personal assets (such as vehicles, investments, and even your house) may be at risk. On the other hand, an LLC and a Corporation exist separately from their owners, and for the most part, plaintiffs in a lawsuit cannot come after your personal assets to receive compensation.
If you have already received a notice that your business is being sued, the worst thing you can do is ignore it. You have strict deadlines to respond and take action, and you will want to get the help of a business law attorney as soon as you are able. Your attorney can then analyze the situation and devise a solid defense strategy on your behalf, which may include trying to negotiate and see if you can reach an agreement before going to trial.
Why Should Business Owners Work with the Pile Law Firm, PLLC?
Attorney E. Nego Pile at the Pile Law Firm, PLLC, is dedicated to helping your business thrive by providing the services, advice, and representation you need every step of the way. He understands the challenges of starting and running a business in Pennsylvania and has the knowledge and skills to help business owners navigate those challenges, regardless of how simple or complex they may seem.
The legal team at the Pile Law Firm, PLLC, can assist business owners in Blue Bell, PA, with everyday needs such as drafting contracts and handling business tax matters, as well as providing counsel and representation during lawsuits and other disputes. Whatever your business law needs may be, reach out to the Pile Law Firm, PLLC office at 610-718-6368 to get the help you need.