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Business Governance
Governance is the term business attorneys use to cover those tasks that you must perform to create and maintain your business entity. Without proper governance you may lose any liability protection your business provides. Your business entity may take on many forms, from partnerships to corporations. Each type of entity has different rules as to how they are created and what you need to perform to maintain them to meet IRS and state regulatory bodies. Also to consider at this stage are the legal and financial interests that members will hold, classifications of shares and interests, transfer of tangible property such as equipment as well as intangible property such as patents, buy back agreements, new members, resigning members, employee contracts, dissolution, and so much more. I can work with you to make sure that your business is on a solid foundation and that agreements formed at this stage will carry your business through the legal storms that will come.
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Common Business ActivitiesThere is a lot that you, as an owner, have to pay proper attention to, on a daily basis, in order to keep the business moving forward. Turning your attention away from these matters may create future serious problems require excessive time, money, and effort to resolve. This includes contract negotiation, collections, non-disclosure, non-complete, and severance employee agreements, hiring and firing, joint venture agreements, and more. I can help up dealing with these issue up front before they become a costly legal issue later on. The old saying, “An ounce of prevention is worth a pound of cure”, is excellent business advice, follow it.
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Intellectual Property
Back in the “old” days the worth of a business was measured by things that you could touch and feel. It was material in inventory, orders, equipment, and other tangible items. Now things have changed. The new kid on the block is a business’ intellectual property (IP). The value and strength of your IP portfolio can make or break investing opportunities or joint ventures agreements, act as a sword and shield when dealing with your competitors, and work to multiply the value of your business. As a registered attorney with the United States Patent and Trademark Office can help you create and manage your IP portfolio consisting of trade secrets, copyrights, trademarks, and patents.
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Commercial Transactions, UCC Articles 2 & 9
The Uniform Commercial Code (UCC), Article 2, governs the basic framework for the sale of goods throughout the 50 states. Have you been the recipient of goods that did not meet the terms of the contract? Have you been a signatory to a contract only to have the opposing party breach the contract? Due to business conditions are you considering breaching a contract? Contracts start with the signatories expecting to receive some benefit. However a poorly written contract can create problems when unforeseen events come about. These events can expend your time, effort, and money. Done properly a contract should be written to forestall these events and avoid the expenditure of time and money. I can help you with the negotiation of contracts and minimize the impact of unforeseen events derailing the contract.
The Uniform Commercial Code (UCC), Article 9, governs the basic framework for the creation of secure transactions. Have you ever sold any goods to a buy only to have them default on the agreement or to go bankrupted? Have you ever sold goods to a buyer only to find out that your goods have been secured by another creditor? Have you even sold goods to a buyer only the realize later that the collateral has secured by another creditor? These are only some of the issues that arise when you transact with a buyer and collateral is given by the buyer to “secure” the transaction. I can help you to make sure that your interests in the buyer’s collateral is what you believe it to be. |
