With a great idea for a product or service it is not too difficult to start a business in New Orleans. However, along with a great idea sound legal advice is also necessary to ensure the long term viability of a business.
Whether you are contemplating legal issues related to starting a new business or you are grappling with complex legal issues regarding your existing business, it is important to make sure that they are addressed by someone with experience. The consequences of failing to do so could include fines, tax problems, and additional legal problems. Here are just a few of the most common issues that New Orleans business attorneys help business owners address.
Business Formation
After deciding to start a business one of the first critical decisions that you will need to make is the type of structure your business will have. New Orleans business attorneys will be able to explain to you the pros and cons of sole proprietorships, partnerships, corporations and limited liability companies. The type of business you intend to operate as well as your personal and business priorities will determine which type of business entity is best for you.
Buying a Business
If you decide to buy an existing business, there are several steps to take and issues to consider before the deal ultimately closes. A few of the steps include agreeing upon a purchase price with the owner based on a professional appraisal, completing due diligence to uncover hidden problems, if any, agreeing upon payment terms, and signing a purchase agreement that has first been reviewed by New Orleans business attorneys.
Employment Agreements
Well-written employment agreements will ensure that both you and your employees understand the expectations and limitations of the employment relationship. Moreover, clearly written independent contractor agreements will not only define the terms of an independent contractor relationship, but will also ensure that the relationship is not misconstrued as an employee-employer relationship.
Succession Planning
If you are just starting a business, making a plan for what will happen to the business when you decide to retire or pass away may not be a priority. However, it is important to plan well in advance for the future of your business with respect to ownership, management, and operations. New Orleans business attorneys will be able to design a plan tailored to your wishes that ensures the continuity of the business after it changes ownership, protects business assets, and minimizes tax consequences.
Intellectual Property
Your most valuable business assets may be intangible, such as software, domain names, the name of your business, inventions, and trade secrets. Because of the intangible nature of such assets, properly protecting them can be complex. New Orleans business attorneys have the experience to draft licensing agreements, confidentiality agreements and other agreements that will protect your ownership interest in such assets, as well as filing the appropriate paperwork to copyright, trademark or patent your intellectual property.
Even seemingly minor business issues can have a major impact on a business if not handled properly. Contact Barrios Kingsdorf & Casteix LLP to learn more about how we can help your business with legal issues.
Whether you are contemplating legal issues related to starting a new business or you are grappling with complex legal issues regarding your existing business, it is important to make sure that they are addressed by someone with experience. The consequences of failing to do so could include fines, tax problems, and additional legal problems. Here are just a few of the most common issues that New Orleans business attorneys help business owners address.
Business Formation
After deciding to start a business one of the first critical decisions that you will need to make is the type of structure your business will have. New Orleans business attorneys will be able to explain to you the pros and cons of sole proprietorships, partnerships, corporations and limited liability companies. The type of business you intend to operate as well as your personal and business priorities will determine which type of business entity is best for you.
Buying a Business
If you decide to buy an existing business, there are several steps to take and issues to consider before the deal ultimately closes. A few of the steps include agreeing upon a purchase price with the owner based on a professional appraisal, completing due diligence to uncover hidden problems, if any, agreeing upon payment terms, and signing a purchase agreement that has first been reviewed by New Orleans business attorneys.
Employment Agreements
Well-written employment agreements will ensure that both you and your employees understand the expectations and limitations of the employment relationship. Moreover, clearly written independent contractor agreements will not only define the terms of an independent contractor relationship, but will also ensure that the relationship is not misconstrued as an employee-employer relationship.
Succession Planning
If you are just starting a business, making a plan for what will happen to the business when you decide to retire or pass away may not be a priority. However, it is important to plan well in advance for the future of your business with respect to ownership, management, and operations. New Orleans business attorneys will be able to design a plan tailored to your wishes that ensures the continuity of the business after it changes ownership, protects business assets, and minimizes tax consequences.
Intellectual Property
Your most valuable business assets may be intangible, such as software, domain names, the name of your business, inventions, and trade secrets. Because of the intangible nature of such assets, properly protecting them can be complex. New Orleans business attorneys have the experience to draft licensing agreements, confidentiality agreements and other agreements that will protect your ownership interest in such assets, as well as filing the appropriate paperwork to copyright, trademark or patent your intellectual property.
Even seemingly minor business issues can have a major impact on a business if not handled properly. Contact Barrios Kingsdorf & Casteix LLP to learn more about how we can help your business with legal issues.
About the Author:
New Orleans business lawyers can help your company deal with legal issues and lawsuits. To get business help in Louisiana today, pay a visit to this site at http://www.zuarticles.com/article-details/5-things-a-new-orleans-business-attorney-can-do-to-help-your-company.html.
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