Businesses, in general, are rarely static. Some grow quickly in their first years of operation, while others, unfortunately, never gain momentum. As a business owner, you need to make sure you have a solid plan in place, with appropriate legal documents, in case your business takes an unexpected turn for the better OR for the worse. What will you do if your competitor sends you a buyout offer? What happens when your business partner tells you that they want to cash out their interest?
Read on to learn the type of legal documents a business attorney can prepare to get you 100% ready to seize a business opportunity, or conversely, protect your business from uncertainty.
Your business should have all of your legal documents and legally enforceable agreements already in place in the event that you seek to merge, sell, takes on new investors, or expand your business operations. Additionally, you should have agreements prepared in case your ownership changes or the business needs to contract, close down, or seek bankruptcy protection.
I recommend to all my clients that these business agreements should be readily available:
Business Operation Documents
Independent Contractor Agreements
Vendor or Supplier Contracts
I often hear business owners say “We just want to get started,” or “We’ll do the paperwork later.” My advice, though, is to not put off to tomorrow what should be done today! Your company may be presented with an amazing business opportunity (to buy, sell, or expand) and you may need to quickly capitalize on it. Your company should be thoroughly prepared in the event someone wants to buy your business, or if a business partner suddenly seeks to leave or retire from your business.
You need to consult a business law firm like The Law Office of Brandon Woodward, P.A. to help you draft, review, and negotiate these critical documents. Do not wait until the last minute. Let our firm help you create the right documents to be prepared for the best of times, and be prepared for the worst.
The Law Office of Brandon Woodward P.A. is eternally grateful that you have visited our web site or read our blog. The materials and information contained here are provided for informational purposes only and are not to be considered as legal advice. For questions about startups, founding documents, corporate agreements, business entities or any other legal issues facing your business, EMAIL US, and we’ll give you a totally FREE consultation.