Mooresville, North Carolina Business Formation Attorneys
Opportunity carries with it certain risks. Businesses that fail to capitalize on certain legal strategies for reducing financial and legal liability expose themselves to unnecessary risk that could jeopardize the strength in the marketplace. At Lutzel, Broadway & Associates, our lawyers develop ongoing consultative relationships with businesses and first-time business owners interested in establishing their company on a stable legal foundation. We're positioned to act as your company's in-house legal counsel when changes to the tax code, employment law, federal regulations, or zoning requirements create compliance issues that must be addressed. We help you avoid unwanted legal complications that could impact your insurability, contractual obligations, and taxability.
Avoid unwanted liability and potential compliance problems - contact business and commercial law attorneys at the law office of Lutzel, Broadway & Associates today.
Positioning Your Business to Meet Tomorrow's Challenges
Our business law attorneys advise, counsel, and represent small and mid-sized businesses in regard to the following:
- Business Formations
- S corporation
- C corporation
- Limited Liability Company
- Partnerships
- Articles of incorporation
- Bylaws
- Business contracts
- Employee contracts
- FMLA / FLSA compliance
- Zoning issues
Business and Commercial Law Liability - Why Bylaws Matter
Most restaurants, consulting firms, contractors, and real estate companies start out as a small operation involving friends or family members. Often, money is pooled into a single bank account without any formal procedure or accounting methods involved. However, once you start a business it's essential that your bylaws contain explicit direction regarding how company monies are to be handled. That way, you can avoid criminal liability and certain kinds of financial responsibility should financial malfeasance on the part of your partner(s) occur.
Alternatively, bylaws allow you to specify how important decisions are to be made and how authority is apportioned among a company's owners. While bylaws cannot indemnify business owners from all forms of liability, they can protect some of a business owner's personal assets from liquidation should a business fail and Chapter 11 be necessary.
Helping Business Owners make the Right Decisions
As a private law firm, we understand from first hand experience what it's like to own and run a business. We understand what tax, insurance, and regulatory considerations must be taken into account in order to avoid potential legal problems.
Regardless whether you're just starting a business, would like a business contract reviewed, or need to indemnify your board of directors, we can help. To schedule an appointment, contact business and commercial lawyers at Lutzel, Broadway & Associates today.
