Does your business need an attorney?
For many small and medium sized business owners, they only consult an attorney after something has gone wrong. At Webster & Garino LLC, we believe in the old saying that an ounce of prevention is worth a pound of cure. We encourage business owners to consult an attorney from the start of their new venture and in doing so avoid the pitfalls that can sometimes happen.
When you are first starting a new business, there are other items that can take priority, but don’t lose sight of the long run. Our office has experience, as two of our attorneys were/are small business owners themselves, with all aspects of business and can provide the proper planning you need to prevent future problems.
Most people engage an attorney to start a business; however, continued guidance is advisable to ensure that the protections provided by the business structure are held intact and valid. Failure to follow the business’s charter documents regarding meetings, written resolutions and the election of corporate officers can jeopardize the protections the corporate structure provides.
You may not think you need employment agreements, but oftentimes the success of your business will depend on the information and connections your employees have. Our office can assist you in evaluating the pros and cons of employment agreements, non-disclosure agreement and/or non-compete agreements as may be necessary for your situation. Again, forethought is less expensive than waiting until there is a problem and trying to solve it later, protect your business and your assets.
It is exciting to start a new business, oftentimes the spirits of everyone involved are high. However, we have seen too many instances where that “high” wears off and disputes between partners, shareholders and/or members of entities leave a business in peril. Small businesses need to consider what will happen if one of the principals or primary owners of the business wants to step away or in the event of an untimely passing of one of the principals. We can help you plan, with proper documentation, what will happen to your business in the event a principal exits the business for whatever reason.
Please set yourself and your business up for success by planning ahead. Webster & Garino LLC has a genuine concern and enthusiasm for small business owners and offers free consultations for all new clients.