More on Business Law
Business law encompasses a wide range of issues. Montroll, Backus & Oettinger, P.C. provides skilled counsel necessary to the continued success of your business.
Montroll, Backus & Oettinger, P.C. understands the complex process of opening a business, and is conversant in the differences between types of business entities. When operating the business, attention must be paid to required paperwork, such as articles of association, bylaws, meeting notices, minutes, annual reports, tax-related filings, and the like. This attention is necessary for the owners of the business to fully enjoy the benefits of forming the entity, which include limitations on personal liability and optimal tax treatment. We encourage our clients to adopt the simplest legal structure that accomplishes their goals.
Most businesses engage in a limited number of categories of transactions. For example, a company that sells lumber and building supplies may sell to a retail clientele under one set of terms, and to contractors under a different set of terms. The same company may offer design services on an hourly basis, and may rent out equipment at a daily or weekly rate. Having properly vetted form contracts for each type of transaction can expedite the process, limit misunderstandings, and facilitate collection in the event of a breach of contract.