In Search of a Business Lawyer For Your Company?
When you need a business lawyer in Bucks County, Montgomery County, PA, or Camden County, NJ, make sure you contact our law firm.
Business law covers multiple areas, including tax, intellectual property, real estate, sales, employment, bankruptcy, contract, and more. So, it's complicated. Plus, it overlaps with other law practices, making it essential to have a good business lawyer on hand.
By the way, if you're wondering about the pandemic and the impact it has had on businesses from a legal perspective, you can read these blogs:
- Business Interruption Insurance in PA
- Mitigating the Impact of Coronavirus on Your Business
- The Impact of the Families First Coronavirus Response Act on Business
How Does Business Law Differ from Corporate Law?
Many people get confused by the distinction between business law and corporate law. But, there is a difference.
Corporate law focuses on the legal aspects governing the sale and distribution of goods. Plus, it establishes guidelines for purchasing and selling goods in the market.
On the other hand, business law covers the legal aspects of acquisitions, mergers, business formation, and shareholder rights. So, it has a broader influence on business. In addition, business lawyers cover employment law, contracts, taxes, and more.
Why Work with Our Business Lawyers?
Our business lawyers and corporate attorneys provide businesses of all types and sizes with efficient and precise commercial law solutions.
Our clients own businesses in Pennsylvania, Delaware, New York, New Jersey, Maryland, Massachusetts, and Washington, DC. In addition, they run the gamut from large and limited liability corporations (LLCs) to nonprofit organizations and web-based businesses.
We support these clients with a variety of legal services:
- Business & Commercial Litigation
- Business Contracts
- Business Formation
- Business Restructuring
- Business Sales
- Corporate Governance
- Franchise Law
- General Counsel Legal Services
- Joint Ventures
Why is Business Law Important?
Business law regulates business practices. So, it maintains order, protects rights and liberties, establishes standards, and resolves disputes. In addition, it determines the rights of the company and the rights of the people working there.
As a business owner, it is critical to understand legal considerations that can impact your company. Some key areas of concern include:
Business Formation
Every business requires a form, whether a sole proprietorship, limited liability corporation, S-corporation, partnership, or C-corporation. Each business form also has reporting and tax requirements that differ. Again, a business lawyer can help determine which business structure will serve you best.
Contracts
Contract creation and, at times, litigation are aspects of business law. However, iron-clad business contracts are the best way to protect your organization. So, the best way to ensure an iron-clad business contract is with proper legal representation.
You can avoid potential liabilities by having a business lawyer draft, negotiate, and review contracts.
Employees
Business law is involved with compensation issues facing an organization. State and federal laws govern compensation and impact minimum wage, pension plans, overtime, and discriminatory practices.
Business law also plays a role in many other employee concerns, including contracts, non-compete agreements, and termination. Consequently, a good business lawyer can also support your business by drafting employee manuals governing dress codes, paid time off, sexual harassment, and more.
Shareholder Rights
The rights of shareholders depend on the type of stock owned and state laws. Shareholder rights get assigned in order of absolute priority. However, all shareholders are entitled to certain rights, including the right to hold meetings, the right to dissent, the right to transfer ownership, and the right to sue for wrongful acts.
Taxation
Understanding taxes is one thing. However, making sure you comply with tax laws in another. In addition, business taxation impacts your company's costs. A business lawyer can help navigate tax obligations attached to purchases and sales of businesses and business transactions. They can also help you take advantage of deductions and tax credits to improve your bottom line.
The reality is that you may not require a business lawyer for every circumstance. But issues arise where the complexity and time requirements demand the service of a qualified business lawyer.
Talk to a Business Lawyer Near You
Call our local law offices if you need a business lawyer in Bucks or Montgomery County. We've helped countless businesses wade through complex business law issues. In addition, our varied legal services allow us to access expertise outside business law considerations to deliver broader legal counsel. Contact us today.
