The Law Office of Pietro Canestrelli also provides legal assistance in the area of business law. Business law deals with the creation of new businesses and the issues that arise as existing businesses interact with the public, other companies, and the government. Business law attorneys specialize in transactional work, meaning they do not represent clients in court.
Business Formation and Internal Agreements
New companies must take steps to comply with the law even before opening their doors for the first time. Business law attorneys are routinely asked to form new entities on behalf of their clients by filing the necessary documents with the California Secretary of State.
We also assist clients in choosing the business entity best suited for their enterprise. Businesses can be formed as corporations, limited liability companies (LLCs), partnerships, and other entities. Most of these business forms can be further customized to meet the needs of the company. Examples include corporations formed as “S-corps” in order to achieve tax savings, and partnerships formed as “limited partnerships” to allow some owners to participate as investors only.
While the selection of the appropriate business entity will depend on numerous factors, the primary purpose of most entities is to shield owners from individual liability. Operating a business that is not set up to provide limited liability means that the owners are putting all of their personal assets within reach of the business's creditors. By working with an attorney at the inception of the business, this situation can easily be avoided.
Business law attorneys are also available to draft the internal agreements that will control how a new company is managed. Common examples are LLC operating agreements and shareholders agreements.
Some commercial transactions are within the ability of business owners to handle on their own. Others are not, especially when a deal touches on complicated and evolving areas of the law, such as securities regulation or internet commerce. Asset Purchase agreements, commercial sales agreement and security agreements just some of the matters that the Law Office of Pietro Canestrelli can assist a growing business with.
If you operate an existing business or plan to launch a new one, your success may depend on obtaining the right legal advice. Attorneys are available to assist with everything from simple buy/sell agreements to mergers and acquisitions of publicly traded companies.
Business Succession Planning
When you work hard to build a successful business, you want to be certain that it will keep it going once you retire or are unable to fulfill your responsibilities due to incapacity or death. Establishing a sound succession plan helps to ensure that what you have built will remain in good hands regardless of what happens. The Law Office of Pietro Canestrelli has helped many small business owners in this vital task.
Schedule a FREE consultation and get your questions answered. Call us at (951) 319-7674.