Business Lawyer Arlington, TX
If you’re in need of a business lawyer in Arlington, TX, contact Brandy Austin Law Firm, PLLC. Setting up a new business is an exciting time in your life. Turning an idea into a dream requires an entrepreneurial spirit. It also requires hard work and sacrifices – both professional and personal. Setting up a business also requires a lot of planning—you need to consider everything from start to finish. Considering the legal impact of every business decision doesn’t have to be overwhelming.
Let our legal team help you through the process. Even established enterprises require ongoing monitoring to ensure that they comply with the numerous and often onerous government requirements. Business law is our business. Let us take help with the protection of your business and personal assets.
You Need Business Advice From Experienced Legal Professionals
We often see clients who are excited about a brilliant new business idea and cannot wait to get out into the market and start selling. This is when using a TX business lawyer in Arlington is most important. Although the idea is brilliant, as is the entrepreneur, he or she does not understand the legal and tax considerations of setting up and running a business.
Our business lawyers and legal team have assisted many new and ongoing businesses with legal issues. We can help you during all stages of business development and collaborate with other professionals as needed. We also provide general counsel services to many local and regional businesses that offer a variety of goods and services.
We often assist clients with the following business and commercial matters:
- • Choice of business entity, such as a partnership, corporation, or limited liability
- • Commercial Litigation
- • Purchase or Sales of Business/Business Transaction
- • Liability issues
- • Partnership Agreements
- • Contract Review and Drafting
- • Contract Negotiation
- • Lease Review and Negotiation
- • Buying or selling a business
- • Client disputes
Small Business is Our Business
Since Brandy Austin Law Firm’s founding, small business law is central to our operations. We can help small businesses and entrepreneurs start new ventures and established small businesses operate more efficiently. We are a small business, as well. Our firm has found the best practices for everything from formation to hiring and firing. Our clients rely on our business insight for profitable and practical solutions—from setting the groundwork to resolving ongoing operational issues. We’ve even been known to help our clients get started with marketing and general business advice. As our clients, we want to help you be successful.
Common Contract Mistakes
As a business owner, you will likely enter into several contracts over the years. Contracts are essential to running any type of business. However, if you’re new to contracts, it can be easier to make mistakes that could lead to disputes and even contract breaches in the future. Here are some common contract mistakes that a business lawyer in Arlington can help prevent you from committing:
– Not Fully Understanding a Contract Before Signing
Contracts are long and complex documents, so reading one all the way through can be quite tedious. However, it’s important to remember that contracts impose legal obligations on your business. If you don’t read the entire contract and understand everything that’s in it, you could potentially hurt your business. If you don’t understand even one sentence in your contract, ask us to explain it before you sign on the dotted line.
– Inadequately Describing the Parties’ Responsibilities
A contract should describe the duties and responsibilities of each party in full detail. Don’t use generic words or language that’s difficult to understand. If the responsibilities of each party are clearly lined out, it can prevent ambiguity and disputes down the road.
– Letting One Side Draft the Contract
If you allow the other party to draft the entire contract then they have all the advantage. They can include terms and conditions that are favorable to them, but not so favorable to you. This can lead to costly conflicts and major headaches in the future. That’s why it’s important for both parties to draft the contract and agree to all the terms before signing.
– Failing to Hire a Lawyer
No matter what type of contract you want to enter into, you shouldn’t do so without the help of a TX business lawyer in Arlington at Brandy Austin Law Firm, PLLC. As mentioned before, contracts can be incredibly complex documents. We can look over the entire contract and find issues that you may have missed. We will have your best interests in mind and help you avoid entering into a contract that could potentially hurt your business.
– Not Providing a Clear Opportunity for Termination for Each Party
Most business contracts don’t last forever. After a while, it’s not uncommon for both parties to realize that they’re not right for each other anymore. That’s why it’s important to have a way for both parties to exit the contract, not just because one party did something terrible.
Hiring a Business Lawyer
If you’re considering entering into a contract with an individual or business, it’s important to consult with our legal team as soon as possible. We can look over the contract and determine if it’s in your best interests or not. We can also make suggestions on changes you should make in the document. With an experienced law firm on your side, you’re less likely to have issues with your contract in the future.
When Business Partners Want to Part Ways
It happens all the time, two people enter into a business partnership with only the best of intentions. But what happens when either you are your business partner no longer want to continue in your business venture together? This can be incredibly troublesome, especially if complications and conflict arise. Unfortunately, it’s not uncommon for this to occur.
– What should I do if my business partner just let me know that they no longer want to be in partnership with me?
Although you may have been hoping for a long and successful partnership with your business partner, it’s fairly common for business partners to dissolve over the course of time. If your business partner has recently shared with you that they no longer want to be in a partnership, it’s important that the two of you engage in open communication with each other to develop a plan for how best to move forward. If there is no way for you to move forward together, it may be a good idea to review your partnership agreement. A well-crafted partnership agreement should outline what will happen next in the event that you and your business partner choose to part ways. Working with a Texas business lawyer can be helpful in supporting business owners to make the necessary agreements and changes over what will happen next.
– Is it possible for me to gain sole control of the business if my partner no longer wants to be involved?
Yes, it may be possible to gain sole control of the business. However, it’s important that you review your partnership agreement together to determine the best way to move forward with this process. Most plans should include an exit clause for how to manage when your business partner wants out. Unfortunately, without a clear partnership agreement, you may both be left unsure of what to do next. As a result, things can quickly become difficult. We can assist in listening to your needs, reviewing your partnership agreement and determining the best way to protect your interests.
– Should my partnership agreement be able to help us to make decisions regarding the dissolution of the partnership?
Yes. A well thought out partnership agreement that has been developed with the help of our lawyers should help to guide you and your partner regarding the best way to end the partnership.
– What will happen if my business partner and I are unable to reach an agreement?
Being unable to reach an agreement over the dissolution of a small business can be every business owner’s worst nightmare. Not only can this make things challenging, it can also be costly and time consuming. In some cases, you may even be required to enter into litigation to make decisions. Hopefully, you have a partnership agreement clearly outlining the dissolution. If you do not, the process can be full of conflict and complications. We can provide the legal guidance you need to reach as amicable an agreement as possible with your business partner.
While making plans to dissolve a business partnership can certainly be overwhelming, ending things amicable is most certainly an option for many. The road ahead may be full of uncertainties. Whether you would like to retain sole ownership of the business or close your doors forever, our law firm can provide you with the guidance you need towards reaching a resolution.
We Coordinate The Legal And Non-Legal Services You Need To Run Your Business
The attorneys and legal team at our law firm can offer experienced legal services and planning to established and startup businesses throughout the state of Texas. we can help you and your business become protected and successful. If you are starting a business or have other business-related issues, consider making an appointment with a business lawyer from Arlington, Texas at Brandy Austin Law Firm, PLLC for a free consultation by calling us at 800-958-4948 or complete our online form.
“This law firm is exceptional at being a one stop law firm. They handle all your legal needs in one place. From divorces, child custody, estate planning, Trust, Litigation, Personal injury, Civil matters and probate. They offer free consultations & the staff is always friendly & eager to assist.”