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Business Law FAQs

December 3, 2014 in FAQs | MARTIN WREN, P.C. | LEAVE A COMMENT

What is business law?

Business law involves the many laws, codes, statutes, and regulations – both state and federal – that are established to govern business and commercial relationships.  These rules provide a legal framework within which businesses may be formed, conducted, managed, altered, and sold.  Business law encompasses business formation and organization, business transactions, business planning, intellectual property creation and protection, business negotiations, mergers and acquisitions, and employment issues.

How do I know what form of business entity to choose?

There are a variety of business forms to choose from, including different types of partnerships, a variety of corporations, and limited liability companies.  Some of the main considerations when choosing a business form are your preference of tax treatment and personal liability, whether you plan to issue public or private stock, and how you desire to structure the management of the company.  Each business type brings with it conditions and obligations that will impact the course of your business.

Working closely with an experienced Virginia business law attorney can ensure that your business gets off on the right foot.  A skilled business law attorney can listen to your dreams for your company and help structure your business so that it is in the best position to make those dreams become a reality.

Why do I need a lawyer for my business?

Regardless of your business industry, an experienced business attorney makes sure your company is complying with all applicable rules and regulations.  There are a myriad of federal and state rules and regulations that impose routine requirements on your company.  This may include the necessity to file or submit various legal forms or documents, and the failure to do so can be harmful for your company.  A skilled business attorney can ensure that your company is conforming to the applicable rules.

Should I use a lawyer to draw up a contract or a lease?

Yes.  The answer is simple because the harm of entering into a legally binding contract without sound legal advice can be significant.  The time for a lawyer is BEFORE you sign any contract or lease.  A Virginia business law attorney can review or prepare any contract or lease and ensure that the appropriate conditions and terms are included.  Contracts may include vague or unfamiliar language, and a Virginia business law attorney can alert you to these meanings and help you understand exactly what you are agreeing to.

How much will my business law project cost?

Honestly, it depends.  Generally, business lawyers charge an hourly fee which is dependent on the amount and complexity of the work required.  After listening to your business needs and examining the specifics of your case, a Virginia business law attorney can give you a better estimate on the legal fee that will be involved.

At MartinWren, P.C., our Virginia business law attorneys desire to create a fee arrangement that will work for you.  Our business law attorneys understand that our practice is only as strong as our relationships with our clients.  We desire to have attorney-client relationships that will continue long into the future.  We pledge to work efficiently and effectively in meeting your business law needs.

Contact Our Virginia Lawyers

We serve clients throughout Virginia — from Charlottesville and Central Virginia to metropolitan Richmond; Harrisonburg and the Shenandoah Valley to Roanoke; and the cities of Hampton Roads to the Northern Virginia cities of  Fairfax, Alexandria and Arlington.

To speak with one of our attorneys, please call us at (434) 817-3100.

Our Virginia personal injury lawyers at MartinWren, P.C. also have a statewide practice and offer free consultations at a time and location that is convenient for you.  We will gladly meet with you at your home or at the hospital, even on nights and weekends.

To schedule a free consultation with a personal injury lawyer, please call us at (434) 817-3100.

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