Companies of all sizes can benefit from the guidance and support of experienced legal counsel. When you work with a dedicated business attorney, you can feel reassured that experienced professionals are ensuring you comply with the law and avoid pitfalls that could upend your company.
The work of an Alamo Heights business lawyer starts long before a company is formed. It is important to carefully evaluate all of the available options before choosing a business structure. Attorney Sasha Begum at Begum Peláez-Prada PLLC can guide you through each of these important choices.
One of the first decisions a business can make is the type of company it intends to be. There are different options when it comes to formation and multiple factors to consider.
Sole proprietorships and partnerships are the simplest type of business to create, but there are also notable drawbacks. While there are no fees or complicated paperwork to worry about, there are also limited protections. As an owner, you are not shielded from liability—you will owe any debts or claims against the company.
A corporation is the traditional way to form a larger company, and it can have unlimited owners and countless ways to divide shares. The major benefit from this approach is that shareholders are shielded from liability, so they will not be personally accountable for corporate obligations. However, the income from a corporation is taxed twice before it ultimately reaches the owners.
LLCs have some of the benefits of corporations, including the shield from liability. In addition, there is no double taxation. The main disadvantage is that there are limits on the number of owners for this type of company.
There are many ways a business attorney in Alamo Heights could help with your organization. From small companies to major corporations, the support of skilled legal counsel could help you avoid litigation and ensure you comply with both state and federal law. Some of the important ways a business lawyer could support you include:
You might not be required to hire an attorney when running a business, but operating without one can have serious consequences.
While having the guidance of an Alamo Heights business attorney is valuable at any point, it is especially important when conflict arises. Disputes with competitors, vendors, or landlords can quickly escalate into a complicated situation. An attorney could help you get a fair result without the need for costly litigation. In some situations, simply relying on an attorney to negotiate with the other side is enough to reach a favorable conclusion.
When an amicable outcome is not possible, litigation may become unavoidable. With the help of a dedicated attorney, such cases could be resolved without the need for costly lawsuits that continue for years.
The pressure of owning and operating a company of any size can be tremendous. Getting the support you need is critical, especially when it comes to serious legal matters.
An Alamo Heights business lawyer from Begum Peláez-Prada, PLLC is here to help. Contact us as soon as possible for a private consultation.
