Business Lawyer Arlington VA
Business Lawyer Arlington VA
Do you own a business? While many will only turn to a lawyer after a lawsuit has been filed, there are some things you can do to avoid court in the first place. In fact, it’s in your best interest to consult with our Arlington, VA business lawyer before things escalate and end up in the courtroom. Our firm is committed to providing elite legal services and strategies centered around you and your objectives.
As the old saying goes, an ounce of prevention is worth a pound of cure. Sometimes investing a little money up front to team up with a quality lawyer will save you a lot of money in the long run.
For example, perhaps you need someone to help you draft contracts for your business. If you are selling your services, you need a good contract that will protect you. What if you provide quality services and then your customer refuses to pay you? It’s better to speak with our attorney before this happens because a poorly drafted contract may not be enforceable at all. We will meet with you and get an understanding of the specific terms you want included in your business contracts, then put those terms into a binding and enforceable contract that will protect you in the future.
You may also need our business law attorney to help you in dealing with employee matters. Maybe you need non-compete, non-solicitation, or non-disclosure agreements for your employees? Without these kinds of restrictions, one of your employees could take your company’s ideas and share them with our competitors. Our firm can help you to draft strong employee agreements.
Our Arlington business lawyer can also help you with employee disputes. An employee or former employee can accuse you of discrimination or failure to pay them. As soon as these kinds of allegations are made, do not ignore them. Consult with our attorney. We can help you negotiate with the employee to resolve things amicably before you are sued.
Finally, if your business is sued for any reason or needs to sue someone for any reason, you need strong legal representation in your corner. You also need to act quickly to address lawsuits (whether you are the person suing, or the person being sued) because there are strict timelines associated with business lawsuits. Our Arlington attorney will know the applicable timelines and protect your interests in the event of litigation.
Legal Considerations For Small Business Owners
Developing a small business begins with the birth of an idea. It will take a lot of work for a prospective business owner to plan and build a business from the ground up. Making a dream into a reality takes commitment and a considerable amount of drive.
There are a number of factors to consider when starting a small business. Perhaps one of the most important aspects is ensuring that your business is legally compliant with federal and state laws. As a small business owner, you will also want to make sure that you are legally protected from others trying to take advantage of you. Working with our Arlington business lawyer can provide who is well-versed in business law may be very beneficial for your small business.
Be Open Yet Selective About Advice
When starting your own business, many people will likely offer you advice. Many of them will tell you how you should develop your business, whether you have asked for this advice or not. Although people mean well, they may be offering their opinion about a subject that they know nothing about. There should only be a few select people that you rely on for business advice.
Put Together Your Business
You will want to make sure that your company is structured in a way that provides you with legal protection. This is usually achieved by putting the necessary agreements and contracts into place. Another important factor to this is the type of business you will be forming. Speaking with our Virginia business attorney and an accountant can help you determine the best fit while considering how your taxes will be impacted.
Protect Your Intellectual Property
Intellectual property is a way of protecting designs, inventions, and ideas from being used by another person or company without your permission. Our business lawyer can help see to it that any trademarks, patents, or licensing agreements are protected. We can also ensure that the name you choose for your company is not already owned by another entity.
Define Your Partnership
If there is more than one owner, you’ll want to have an agreement that clearly defines your partnership. By doing this, everyone will have a clear understanding of the expectations when it comes to the operations of the company, job duties, and profit sharing. Failure to have a clear agreement could impact your partnership in the future and could mean an end to your business.
Hire An Attorney When Starting Your Business
Starting your own business can feel like a leap of faith. Although starting your own business could pay off in the long run, you will want to take the proper steps to ensure that your business is successful. A business lawyer Arlington VA residents trust may provide you with legal counsel that will contribute towards a successful small business.
By hiring our Arlington business lawyer, you give yourself the advantage of working with a legal professional who understands the state and federal laws you need to comply with—as well as the laws that can protect your business from others.
Arlington Business Infographic
Answering Your Questions
What Is A C Corporation?
A C corporation is a legal entity that is separate from its owners and as a result the corporation as that entity has the latitude to make a decision, own property, have liabilities as well as assets. In addition:
- The owners of a C corporation are referred to as stockholders or shareholders. This is because they own shares of the company’s stock.
- The C corporation’s activities are legally separated from the company’s shareholders. This separation includes revenue, sales, liabilities, assets, and expenses.
- A Virginia C corporation can be formed with the help of a business lawyer located in VA such as our business lawyer at May Law LLP
What Is An S Corporation?
- The owners of an S corporation are referred to as stockholders or shareholders. This is because they own shares of the company’s stock.
- The S corporation’s activities are legally separated from the company’s shareholders. This separation includes revenue, sales, liabilities, assets, and expenses.
- A VA S corporation can be formed with the help of a business lawyer located in VA such as our business lawyer at May Law LLP.
How Do C and S Corporations Differ In Terms Of Paying Taxes?
If you are considering what type of corporation to form, it’s important to gain an understanding of your choices and the potential tax obligations of each.
Your business lawyer can provide more detailed information, particularly as it pertains to your specific circumstances, but the fundamental difference between the two is as follows:
- A C corporation is an entity that is separate from the corporation’s owners.
- In an S corporation, the corporation’s owners (shareholders) pay taxes on their shares of the company if they enjoy a return on them. They also record monetary losses and deductions associated with the shares when they file their taxes.
- C corporation and S corporation owners have equal protection if a lawsuit is filed against the corporation. This is because any activities of the corporation are separate from its owners and so the corporation’s liability cannot transfer to the shareholders.
- C corporation shareholders are taxed based on the amount of dividends that they receive from their shares. Individuals who are shareholders and also have paid positions within the company (such as an employee or executive) they are obligated to also pay taxes on their regular, personal earnings.
- C corporation shareholders do not receive dividends. The corporation is obligated to file taxes based on the year’s net profit or loss but the burden of paying taxes on the profits falls on the shoulders of the shareholders. In other words, they must pay taxes on their earnings when reporting their personal tax return.
Contact Our Trusted Business Lawyer
The stakes can be very high because if your business loses a lawsuit, you may end up having to pay all of your profits to the person who won the lawsuit—or, worse yet, a judgment against your business could lead to bankruptcy. Do not delay. If you need a business attorney in or near Arlington, Virginia, please contact us at May Law, LLP for a consultation.
Arlington Business Statistics
Business contract disputes are a significant aspect of commercial litigation in the United States. According to national statistics, there are approximately 12 million contract disputes are filed each year.
These disputes often arise from issues such as non-performance, delayed deliveries, and quality concerns. To mitigate the risk of such disputes, businesses are advised to ensure clear and comprehensive contract terms and to engage in thorough vetting of business partners.
Don’t risk your business. Call an Arlington business lawyer for legal assistance.
Business Law FAQs
If you own a business, you may wonder why you need to work with an Arlington, VA business lawyer. A number of legal issues can arise in a business, and you want to ensure your company is protected. To learn more, call May Law LLP.
Ensure Compliance With Laws And Regulations
Running a business involves navigating a complex web of local, state, and federal regulations, and a business lawyer can help you stay compliant. Here’s how they can assist:
- Licensing and Permits: Many businesses require specific licenses and permits to operate legally. A lawyer can guide you through the application process and ensure all necessary documentation is in place.
- Employment Laws: Business lawyers help ensure that your business adheres to employment laws, including wage and hour laws, anti-discrimination regulations, and safety standards. This reduces the risk of costly lawsuits or fines.
- Tax Compliance: Tax laws are ever-evolving, and failing to comply can lead to heavy penalties. A business lawyer can help you navigate tax codes, structure your business for tax efficiency, and ensure timely tax filings.
- Industry-Specific Regulations: Certain industries, like healthcare, finance, or food and beverage, are subject to specific laws and regulations. A business lawyer can help you understand and adhere to these specialized requirements, reducing the risk of non-compliance.
Draft And Review Contracts
Contracts are a fundamental aspect of any business relationship, and an Arlington business lawyer plays a critical role in ensuring they are fair and enforceable. Here’s how they can help:
- Business Agreements: Whether you’re entering into a partnership, signing a lease for office space, or agreeing to a supply contract, a lawyer can ensure that your interests are protected and that the terms are clear and legally binding.
- Employee Contracts: Business lawyers can draft employment contracts that clarify job duties, compensation, and confidentiality agreements, helping to avoid future disputes with employees.
- Customer and Vendor Contracts: Having legally sound contracts in place with customers and vendors can prevent disputes over deliverables, payment terms, and product quality. A lawyer can help draft or review these contracts to ensure they protect your business.
- Non-Disclosure and Non-Compete Agreements: If you’re dealing with proprietary information or hiring employees who may work with competitors, a lawyer can help you draft non-disclosure or non-compete agreements to protect your business interests.
Protect Your Business From Legal Risks
Every business faces legal risks, and a business lawyer helps mitigate these risks and protect your company’s reputation and financial stability. Here’s how:
- Intellectual Property Protection: A lawyer can assist in securing intellectual property rights for your business, such as trademarks, patents, and copyrights, preventing others from using your creative or innovative work without permission.
- Litigation Prevention: A business lawyer can help identify potential legal issues before they escalate into lawsuits. They can mediate disputes, offer guidance on risk management, and help you avoid costly legal battles by resolving issues early on.
- Business Structure: Choosing the proper legal structure for your business (LLC, corporation, sole proprietorship, etc.) is crucial for minimizing personal liability and optimizing tax benefits. A lawyer can help you decide the best structure based on your goals and protect you from personal liability.
- Insurance Advice: A business lawyer can also advise you on the types of insurance you need to protect against potential risks, such as general liability, product liability, or errors and omissions insurance, ensuring you are adequately covered.
Navigate Disputes And Litigation
Disputes are inevitable in business, whether with employees, customers, or other companies. Here’s how a lawyer can help you navigate these challenging situations:
- Resolving Employee Disputes: Disputes over wages, harassment, or wrongful termination can lead to lawsuits. A business lawyer can help you handle these situations and navigate employee claims before they escalate into litigation.
- Litigation Representation: If your business is sued or you need to take legal action against another party, a business lawyer can represent you in court. They will handle all aspects of the litigation process, from filing lawsuits to negotiating settlements or going to trial.
- Dispute Resolution: Many legal disputes can be resolved outside the courtroom through alternative dispute resolution (ADR) methods like mediation or arbitration. A business lawyer can facilitate these negotiations and help you reach a favorable outcome without the need for prolonged litigation.
- Debt Collection: If your business has unpaid invoices or debts, a lawyer can help you recover the money owed through legal channels. This can involve sending demand letters, filing lawsuits, or seeking court orders for payment.
May Law, LLP, Arlington Business Lawyer
3033 Wilson Blvd, Arlington, VA 22201
Call Our Business Law Firm Today
Whether you are just starting a business or have owned your company for years, an Arlington business lawyer can be your best business advocate. Call May Law, LLP to make sure you are protected no matter what issues your business faces.