With a great idea for a product or service it is not too difficult to start a business in New Orleans. However, along with a great idea sound legal advice is also necessary to ensure the long term viability of a business.
Such tasks sometimes involve complex legal considerations that are best handled by experienced New Orleans Business Attorneys. If these tasks are not completed properly or if they are not completed at all, your business may face financial jeopardy. Some of the top issues that New Orleans business attorneys can help you with are discussed below.
Business Structure
Under Louisiana law there are several different types of business structures: sole proprietorship, limited liability company, partnership, S corporation, and C corporation. In determining how to structure your business, there are a number of different considerations, including tax and liability issues. New Orleans business attorneys will explain to you these options and advise you on the long-term ramifications of the option you select.
Transferring Ownership
Transferring your interest in a business can be tricky. There is more involved than simply the writing of a check and the handing over of the keys. In order to make sure that your interests are properly protected, a New Orleans business attorney can help you negotiate a fair price and reasonable terms, and review the agreement between you and the buyer to make sure that it accurately reflects the agreed upon terms.
Employment Agreements
New Orleans business attorneys will be able to advise on you on the type of employee relationship that is appropriate for each type of position your business requires. Whether the relationship will be that of an employee or independent contractor, it is important that the terms of the relationship are clearly stated in a well-written agreement. In addition to clauses such as rate of pay, duties and duration of position, you also may need to include clauses related to confidentiality, ownership of work product, noncompetition, and tech privacy.
Succession Planning
Oftentimes business owners take great care to start a business, but do not plan as well for exiting the business. If you would like to eventually turn over the running of your business to your child or to a key employee, it is important to plan in advance. New Orleans business attorneys will help you develop a plan that will ensure the smooth transitions of both your duties as well as your financial interest in the company to the person of your choosing.
Protecting company intangible assets
Protecting such intangible company assets such as inventions, branding, and trade sheets is just as important if not more important than protecting tangible company assets such as buildings and machinery. Protecting intangible assets requires a thorough understanding of law related to copyright, patents, and trademarks, as well as agreements with employees and independent contractors regarding confidentiality and ownership of work product.
Even seemingly minor business issues can have a major impact on a business if not handled properly. Contact Barrios Kingsdorf & Casteix LLP to learn more about how we can help your business with legal issues.
Such tasks sometimes involve complex legal considerations that are best handled by experienced New Orleans Business Attorneys. If these tasks are not completed properly or if they are not completed at all, your business may face financial jeopardy. Some of the top issues that New Orleans business attorneys can help you with are discussed below.
Business Structure
Under Louisiana law there are several different types of business structures: sole proprietorship, limited liability company, partnership, S corporation, and C corporation. In determining how to structure your business, there are a number of different considerations, including tax and liability issues. New Orleans business attorneys will explain to you these options and advise you on the long-term ramifications of the option you select.
Transferring Ownership
Transferring your interest in a business can be tricky. There is more involved than simply the writing of a check and the handing over of the keys. In order to make sure that your interests are properly protected, a New Orleans business attorney can help you negotiate a fair price and reasonable terms, and review the agreement between you and the buyer to make sure that it accurately reflects the agreed upon terms.
Employment Agreements
New Orleans business attorneys will be able to advise on you on the type of employee relationship that is appropriate for each type of position your business requires. Whether the relationship will be that of an employee or independent contractor, it is important that the terms of the relationship are clearly stated in a well-written agreement. In addition to clauses such as rate of pay, duties and duration of position, you also may need to include clauses related to confidentiality, ownership of work product, noncompetition, and tech privacy.
Succession Planning
Oftentimes business owners take great care to start a business, but do not plan as well for exiting the business. If you would like to eventually turn over the running of your business to your child or to a key employee, it is important to plan in advance. New Orleans business attorneys will help you develop a plan that will ensure the smooth transitions of both your duties as well as your financial interest in the company to the person of your choosing.
Protecting company intangible assets
Protecting such intangible company assets such as inventions, branding, and trade sheets is just as important if not more important than protecting tangible company assets such as buildings and machinery. Protecting intangible assets requires a thorough understanding of law related to copyright, patents, and trademarks, as well as agreements with employees and independent contractors regarding confidentiality and ownership of work product.
Even seemingly minor business issues can have a major impact on a business if not handled properly. Contact Barrios Kingsdorf & Casteix LLP to learn more about how we can help your business with legal issues.
About the Author:
New Orleans business attorneys can help your company deal with legal issues and lawsuits. To get business help from the corporate counsel in New Orleans right now, pay a visit to this website at http://businessandrealestateattorneys.wordpress.com/2015/06/10/top-5-issues-new-orleans-business-attorneys-can-help-your-company-with/.
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