ADVICE FROM ROB: Business Services

Categories:Business

Nevertheless, it is impossible to commercially insure for every business risk. Nearly all business owners should therefore embrace the benefit of owning and operating their business in the form of an appropriate business entity, such as a corporation or Limited Liability Company (LLC). Making a relatively modest investment of time and money (attorneys’ fees and related costs) can effectively protect a business owner’s other investments and personal assets from business-related liabilities.

Many important legal and tax consequences should be considered before deciding whether or not to form a business entity; and, if it is advisable, which kind of entity to form. In any event, the time and fees required to form and operate a business in the form of a recommended business entity typically far outweigh the unlimited exposure (beyond applicable insurance coverage) a business owner has when operating as a sole proprietorship or simple partnership.

General Business Counsel

Almost every business can benefit from having a “go to” business attorney who can provide ongoing advice and help with general business matters. Such general matters can include, but are not limited to:

• Vendor Contracts

• Customer Contracts

• Independent Contractor Agreements

• Employee matters

• Acquiring another business

• Offering to sell and selling or gifting fractional interests in the business (e.g. fractional LLC membership interests or corporate shares)

• Insurance matters

• Establishing business retirement plans

• Disputes or potential disputes with customers, vendors, employees

• Selling the entire business

This article is intended to provide information of a general nature, and should not be relied upon as legal, tax, financial and/or business advice. Readers should obtain and rely upon specific advice only from their own qualified professional advisors. This communication is not intended or written to be used, for the purpose of: i) avoiding penalties under the Internal Revenue Code; or ii) promoting, marketing, or recommending to another party any matters addressed herein

Mr. Silverman is an attorney with R. Silverman Law Group, 1855 Olympic Blvd., Suite 125, Walnut Creek, CA 94596; (925) 705-4474; rsilverman@rsilvermanlaw.com.

Please contact us at R. Silverman Law Group to discuss how we may best assist you with all of your Estate Planning, Trust Administration, Probate, Real Estate, Business or related legal needs.