Business Law
Contact Us to Get Started!Our Business Law Services
We want to be part of your business team. Every business needs a qualified business law attorney and a qualified tax professional on their team. You don’t need us every day, but it is good to establish a relationship with professionals before you need them. Plus, if you consult with professionals early on, you will have fewer problems arise that require urgent attention.
Whether we are acting as general in-house counsel for a business, representing a client in a transaction or advising clients when they are in financial distress, our job is to provide advice so that as a team we can decide the best course of action.
Our business is helping you do your business.
Annual Business Check-Ups/Review
Planning, prevention and information are KEY.
Throughout the life of your business, it is important to be vigilant about changes in the law and adapt to them. It is also important to strategize and prepare for the future. We want to help you stay current and prepared. We also want to educate you so whatever decision you make is educated and informed. We will help you stay on top of the ever-changing legal world.
Our business is helping you maintain your business.
Estate Planning for Your Businessg
Protecting your Business and your Family from Death and Disability
Did you know that your business may be owned by your trust? Many business owners do not plan for their business in the event that they become temporarily or permanently disabled or, God forbid, they die. There are many simple fixes to protect your business and your estate.
Contact us to discuss what steps you can take to ensure that your business continues to thrive in the event the unthinkable occurs.
Our business is protecting your business.
Transactional Law
Getting Your Deals Done Right
In our transactional work, we focus on prevention of future problems. Consulting with a lawyer at the onset of a deal sometimes can save thousands of dollars in litigation expenses or avoid a problem altogether. We view ourselves and our clients as members of a team dedicated to protecting them in a transaction. Our job is to handle all aspects of a transaction so that you are free from worrying about procedural matters.
The Thompson Law Group, P.C. has handled almost all types of transactions from the formation of a business relationship, purchase or sale of a business to any other type of contract that is necessary for extension of credit, performance of work, or lease of property.
At minimum, have any contract you are going to sign for your business reviewed by counsel even if you are not going to have counsel negotiate the terms. Please contact us before you enter into any transaction so that we can ensure that the contracts protect you and clearly state the terms of your transaction whatever it may be. We are also happy to help negotiate any deal on your behalf.
Our business is protecting you and your business.
Business Contracts/Operating Agreements/Bylaws
How is a Business Contract Used?
With the onset of the Internet, almost all types of contracts are available to the public. It is not necessary to reinvent the wheel and spend money to write a contract from scratch, but it is important to have an attorney review any contract prior to signing it to make sure that it encompasses the individual situation as well as accounts for any potential problems in the future.
It is imperative that written agreements be comprehensive as well as understandable to minimize future problems. Litigation occurs when documents do not clearly state the terms of an agreement. However, if contracts are clear and the parties are in agreement to the terms there tend to be fewer problems in the contractual relationship as well as minimal risk of potential litigation.
Many individuals and businesses fail protect themselves in a transaction by considering problems that could arise. Sometimes a party extending credit can set up automatic payments as well as require collateral to secure a debt.
In addition, there are many dispute resolution clauses that may minimize costs in the event of disputes. There are many default provisions in the law that may be imposed on a contract if it is silent on a particular subject. Many times the parties do not want these default provisions and only learn of them once they have been imposed.
This is especially true in the case of corporate Bylaws and limited liability company Operating Agreements. Additionally, sometimes the law is silent on a particular issue and the parties are forced to litigate a dispute as there are no contractual provisions or law governing the issue.
Our business is protecting your business.
Contract Review and Update
Keeping Your Contracts Current is Good Business
Many business owners are using the same contracts they used 10 years ago and have never had them reviewed. Contracts are ever evolving and must be reviewed to be sure they remain current with the law. We can help you ensure that your contracts cover all aspects of your transactions and anticipate the worst-case scenarios. We plan and protect you from the worst and always hope for the best. However, if the worst occurs, you will know that we have done everything we can to ensure your success.
Our business is providing you peace of mind.
New Business Owners – Business 101
You’ve Formed Your Business, but You’re Not Done Yet
Many business owners formed their business themselves or used a service. They believe that once the business is formed it is in full compliance and there is nothing more for them to do. This is not entirely correct. If you formed your LLC or corporation yourself, you may not have been given the critical information you need to run your business in compliance with the law. We will review your organizational documents as well as your public records to ensure that you are in full compliance with the law. We will also provide you the practical information you need to ensure you maintain limited personal liability. Don’t lose what you think you created by making a misstep, set up a personal consultation today.
Our business is teaching you to maintain your business.
The information provided in this website is meant only as a general description of the current laws as of the date of the writing. It is not meant to be an exhaustive discussion of all the nuances of the law and is intended to be only an overview. Many issues may appear simpler than they are, and an individual should always contact an attorney to obtain a complete, accurate interpretation of the law given the individual's particular circumstances. Thompson Law Group, P.C. makes no representations as to how the law would affect a particular situation and intends only to illustrate areas of concern and give general information.
