Business law includes every aspect of municipal, state, and federal laws that regulate businesses and commerce. Businesses of all industries must comply with regulations. This includes advertising laws, as well as environmental regulations. From small businesses to Fortune 500 companies; a business lawyer is there to help with business formation decisions. This includes partnership issues, financial compliance issues when raising capital, and much more. A majority of business lawyers specialize in litigation. Including business disputes, wrongful termination claims, contract claims, and consumer class actions. Use the Tulsa Attorney Directory to research and hire an experienced business lawyer to navigate this complicated process.
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A majority of business owners falsely assume a business lawyer is only necessary if a legal dispute or the threat of court emerges. However, having an experienced business attorney to guide you through any negotiating process is highly beneficial. By acquiring the proper legal representation you may minimize disputes. Expert counsel can also review a transaction, on your behalf, prior to completion. Use the Tulsa Attorney Directory to hire a business lawyer to guide you through the negotiation process regarding the terms of your deal, drafting of documents, or to review any agreements. Hiring a competent business attorney will ensure the transaction is legally compliant, and that you have the necessary protections in place for the success of the transaction.
When you’re ready to expand your business beyond sole proprietorship it’s time to consider a restructure. The two company structure options available to businesses are a limited liability company, otherwise known as an LLC, and a corporation. Corporation structuring falls into two categories. The “S” corporation, also referred to as S Corp, and a “C” corporation, also known as a C Corp.
Having a limited liability company (LLC) protects the business owners, also known as the member,. These protections cover the member from being held accountable for actions made by the LLC. Having an LLC minimizes the risk of the member being held civilly liable for actions made by the LLC. The benefits of investing in an LLC include pass-through taxation and flexibility in management. Pass-through taxation allows your business income losses or gains to be filed and paid through your personal tax return
One exponential benefit of being an S Corp (short for Subchapter S Corporation), is the special tax designation granted by the IRS. Maintaining an S Corp insures a business is never double taxed. This is common when business taxes apply at both the corporate and the individual level. The S Corp exemption allows corporations to pass their credits, deductions, and income on to the shareholders. As a result, the S Corp business pays no taxes, while the gains or losses are divided among each shareholder. Each shareholder then goes on to report any income gain or losses through their personal taxes.
C Corporations are great for any business that maintains a physical address, has employees, and sells products. Turning your business into a C Corporation limits the owner’s liability. This in turn minimizes the risks resulting in more investments. Those businesses that decide to structure their company into a C Corp can expect double taxation. One tax on shareholder profits, and a separate tax on the corporate level. Being a C Corporation has many benefits including having a wide range of IRS deductions, no ownership restrictions, and no limit on the number of shareholders allowed. Transitioning to a C Corp is the premier entity for going public and is the most widely recognized business entity in the world.
Commercial law is an important subset of business law, and the branch of civil law which handles private and public law, all while regulating business and commercial transactions. Commercial law governs corporate contracts and the sale and manufacture of consumer goods. Commercial laws are under the purview of both state law and Congress. Meanwhile, intellectual property law falls under the umbrella of commercial law. Intellectual property pertains to any invention or piece of work to which one has rights.
A copyright is the exclusive legal right to print, publish, perform, film any material, and/or authorize others to do the same. A trademark is a legally registered word, words, or symbol used as a representation of a company or product. A patent is a license or government authority conferring a right or title for a set period. This includes the sole right to exclude others from making, using, or selling an invention. From start-ups to small businesses, and Fortune 500 companies there are a variety of legal business matters with which to deal. Use the Tulsa Attorney Directory to hire the best commercial business lawyer who will assist your business from its formation, to litigation if necessary, and to prevent disputes should they arise.
Business torts are also known as “economic torts”. These are wrongful acts committed, willful, or out of neglect, within or against a company. Although these acts are not necessarily criminal; charges can be brought in some cases. Business torts may result in a loss of business clients and/or business opportunities. They may also arise from damage to, or loss of, business relations. They may contribute to the loss of business ideas or protected works (such as trade secrets or copyrighted material). Use the Tulsa Attorney Directory to hire the best Tulsa business tort lawyer to pursue monetary damages owed to your business through civil court.
Business transactions and deals happen in companies of all sizes and industries. These transactions involve businesses’ acquisitions, financing, and marketing, along with the sale of various goods, services, products, and technologies. Invest in a Tulsa business lawyer in regards to making legal business decisions. This includes contract management, dispute resolutions, standard terms development, and negotiation of the agreement.
From small businesses to Fortune 500 companies; a business lawyer is there to help with business formation decisions. This includes partnership issues, financial compliance issues when raising capital, and much more. A majority of business lawyers specialize in litigation, business disputes, wrongful termination claims, contract claims, and consumer class actions. Use the Tulsa Attorney Directory to research and hire the best business lawyer.