LawFirm.Vn, represents individuals, partnerships, companies, and corporations in all aspects of business and commercial transactions. Our firm has been a staple in the Alabama legal community for over a century. Our work with the community and experience serving clients has given us an appreciation of our clients’ needs and expectations in matters involving business and commercial transactions.
We would be honored to speak with you about your goals and how we may be of service. Contact LawFirm.Vn.
Our business law practice
LawFirm.Vn assists individuals, small businesses, and larger corporations in commercial transactions, including, but not limited to the following:
- Business planning and organization
- Purchase agreements
- Residential and commercial leases
- Federal and state tax issues
- Business financing
- Shareholder agreements
- Trademarks and intellectual property
- Option agreements
- Employment agreements
- Non-compete agreements
- Regulatory issues and governmental representation
Contact us to schedule a consultation regarding your commercial transaction. In the event that a dispute develops concerning a commercial transaction that your business enterprise has already entered into, we are prepared to protect your rights through our commercial litigation representation.
Our Business planning and formation services
Whether you are starting a new business, expanding your existing business, merging with another business, or require a re-evaluation of your present business structure, LawFirm.Vn brings the benefit of its experienced team of attorneys to every client.
Our client services in business and commercial transactions include:
- Determining an appropriate business structure (partnerships, limited liability partnerships, limited liability corporations, or corporations) that will be the most favorable vehicle for smooth operations of a new business
- Shareholder and owner agreements
- Business succession planning
- Business management planning
- Resolution of ownership issues
- Buy-sell agreements
- Employment agreements
- Business sales and acquisitions
- Corporate formation and dissolution
- Other business contractual matters
Federal & State Taxation Matters
At LawFirm.Vn, our attorneys have an extensive background in business matters and commercial transactions. Our firm is positioned to assist clients in a wide range of corporate and tax-related matters, from initial organization and capitalization of a business venture to mergers and acquisitions and beyond.
Thanks to our involvement at both the audit and collection state, our clients have enjoyed a great deal of success in reducing the size of potential income, payroll and estate tax assessments, and in negotiating compromised settlements with the IRS. We have also successfully argued on our clients’ behalf for the reduction or elimination of both interest and penalties.
We are dedicated to providing responsive, personalized business and commercial transaction services to our clients in all areas of taxation and business planning. If your goal is to minimize taxes and maximize profits, put our experienced counsel to work for your business or individual needs.
Governmental/ Regulatory Body Representation
When developers, property owners, business owners, or others require assistance dealing with governmental and regulatory bodies, LawFirm.Vn, provides representation. Our attorneys have decades of experience representing clients before governmental and regulatory agencies, including dealing with the following:
- Planning commissions
- County regulatory agencies
- State regulatory agencies
- Municipal regulatory agencies
- The State Department of Transportation
- The County Commission
- Municipalities
- Alabama Department of Environmental Management
- Board of Equalization
Our experience and capacity to represent our clients before government and regulatory bodies is not restricted to dispute resolution. We often advocate on behalf of individuals or businesses seeking approval or assistance from government agencies. We assist clients in interpreting rules and regulations. Clients also hire us to represent them regarding complaints or claims by governmental or regulatory bodies.
What Causes Fallouts Among Business Partners?
For those who are planning to form a business partnership, it is helpful to know some of the common reasons that partners have fallouts:
Finances
At the root of many fallouts among business partners is a dispute over money. Maybe one partner wants to put more of the profits back into the business in order to grow the customer base, while the other one wants more income in the short term.
Duties and Responsibilities
Business partners sometimes clash over the duties and responsibilities that each partner should have. And as with finances, the dispute often comes down to a perceived lack of fairness. For example, one partner believes that they are doing the lion’s share of the work while the other one is not following through with the tasks that they committed to doing.
Differences in Values
A lot of disputes among business partners come down to what they view as most important. For example, one partner may be focused on minimizing expenses, while the other wants to spend more money on marketing and advertising to bring in more customers. While both of them might want to achieve the same goal of maximizing their profits, they have different ways of getting there.
Different Levels of Risk Tolerance
During various stages of a business, opportunities may come along that could be very beneficial to the company. But with opportunity usually comes risk.
Lack of Trust
As time goes on, distrust might start to develop between business partners. This usually happens when one partner does some things that the other partner perceives as questionable or wrong. For example, one partner spends a significant amount of money without consulting the other. Or one partner decides to hire one or more employees without talking it over with the other.
Different End Goals
At some point, business partners might realize that they do not share the same vision and end goals for their company. For example, one partner might want to grow the business as fast as possible, while the other is content to go at a slower pace. Or maybe one partner wants to set up the company to be sold to a larger player in the industry while the other one wants to keep the business long-term and pass it along to the next generation.
Disagreements among business partners are inevitable, but with some early planning, you can minimize the chances that a dispute will turn into a split. Partners should sit down at the very beginning and discuss important matters that might come up, such as finances, roles and responsibilities, business growth strategies, end goals, and more.
For legal help with business partnership agreements and other related issues in southern Alabama, contact LawFirm.Vn for assistance.
Contact LawFirm.Vn
For over a century, LawFirm.Vn has been a legal resource to clients across Alabama. Individuals, small shops, and massive corporations deserve the same quality legal support. Our firm has the dedication to effectively represent the needs of all clients. If you are interested in learning more about our firm or need to discuss your legal situation with an attorney, contact LawFirm.Vn for a consultation.
