Business Law: Corporations, LLCs, and Partnerships

Forming a Limited Liability Company is one of the best ways to manage a business. When one elects to operate as a limited liability company, and when said company is operated in a proper, legal manner, it allows business owners to obtain significant protections for personal assets.

Our lawyers also draft Operating Agreement for new companies, which greatly reduces the possibility of future expensive litigation among owners in the event of a death, retirement, expulsion or other event by which one or some owner(s) leaves the business.

Any business can be sued on actual or presumed grounds, but small businesses are especially vulnerable because the owner may have less legal experience and preparation than larger companies with major budgets and professional connections. Our firm can steward any business through issues of this nature.

Prepare any business for long-term viability by undertaking the following measures:

Consult a Business Attorney

Every company should have a law firm on staff or have access to legal advice as needed. A small business may consult a local Connecticut business attorney on an as-needed basis, while a midsize company can pay a retainer fee for occasional legal advice as needed from professional business law firms for helpful advice.

Become Familiar With Local Business Law

The nearest city or county court house may have a library that contains books on state and local law, along with federal statutes. It is a good idea to spend a little time reading about laws that pertain to a particular industry or sector relevant to one's business practice, both to ensure compliance and to avoid accidentally breaking a law.

Companies must know their rights and responsibilities to facilitate dealings with customers. A qualified Connecticut business attorney can explain which specific laws are pertinent, and also how to interpret or apply them to a specific business.

Follow the Rules

Most importantly of all, a company of any size should always do business by the book to avoid penalties, fines, and lawsuits. When in doubt about an applicable law, contract, or legal standard, it is best to consult an experienced law team like ours for up-to-date information and policies that help to keep a business running smoothly. Taking shortcuts in record-keeping or in the quality of services provided to consumers can lead to business litigation that will cost a significant amount of money and time spent working with a legal defense firm.

To avoid legal consequences and lawsuits, consult a professional business law firm and conduct business ethically to avoid problems. Be prepared by working with legal procedures from the start, and contact legal experts if you experience a possible problem.