Outside General Counsel Law Firm OhioNot every business can afford in-house general counsel. That is why the law firm of Harris & Engler helps Ohio businesses with all of their legal needs, on an as needed basis. If your business has regular need for legal counsel, but not enough to justify in-house counsel, then you should consider reaching out to the Harris & Engler law firm to service your businesses regular legal needs.
All the Benefits of In-House Counsel Without the CostsIf you need a trusty, go-to lawyer for your businesses regular needs, then call an attorney at Harris & Engler. Whether you need a law firm on general retainer or on an as needed basis, the law firm of Harris & Engler has a solution to meet your corporate needs.
Contract, Regulatory, Administrative, Employment, and Litigation Legal Service in One Outside General Counsel Law FirmThe law firm of Harris & Engler is based in Columbus, Ohio and it helps businesses of all sizes with their corporate needs. You can call attorney Evan T. Engler, partner at Harris & Engler to discuss your business needs and to see about Harris & Engler's customized legal solutions.
Ohio Business Ownership Dispute AttorneysWhen there is more than one owner to a business, disputes are bound to happen. The severity of that dispute can affect the prosperity of the business and all those who work for it. Ideally, the business will have an operating agreement or bylaws that provide a process for dealing with or resolving disputes. However, all too often a business ownership dispute occurs between two or more business owners who never prepared an operating agreement or buy-sell agreement. Ohio has a set of default rules in the Ohio Revised Code that provides for the rights and responsibilities of business owners in the absence of an operating agreement or corporate bylaws. However, most of the time the "default" rule in Ohio does not provide for any sort of dispute resolution process.
What To Do When You Have a Business Ownership DisputeIf the owners of the business cannot resolve the dispute amongst themselves, then the next step would be to retain a business dispute attorney. Attorney Evan T. Engler is an experienced business dispute and incorporation attorney at the Columbus, Ohio based law firm of Harris & Engler. The first thing an attorney will do will be to look to the business' governing charter or bylaws to see if there is a process for resolution there. If the business does not have a buy-sell agreement, then the attorney could draft a new buy-sell agreement for the business owners to determine how and when each owner will be able to sell their ownership stake.
Otherwise, a business dispute attorney would want to meet with one of the owners to determine what their goals are. Is the goal to sell your ownership stake and get out of the business? Is the goal to try to get the other owner/s to sell their ownership stake and get out of the business? Is the goal to resolve the current dispute and get a set of rules in place for dealing with future disputes? The set of actions that a business owner will take will depend on the desired ultimate outcome.
Solutions to Your Business Ownership DisputesThere is usually always a solution to your business dispute problem. To a certain extent, it depends on how far you are willing to go to obtain a solution. Most business ownership disputes have to do with money or power. Power in the direction and control of the company and money in compensation, dividend distribution, or buy out price. The complexity of your solution depends on the personalities of the individuals involved and on the complexity of the problem. If the owners are at least open to trying to work out a solution amongst themselves or amongst themselves and the attorneys involved, then that is a good start. If some of the owners have their heels dug in and are unwilling to make any compromise on their position, then you are more likely to have to go to Court to try to get your solution. The legal process can be long process, but if the business owners cannot otherwise work out a negotiated resolution then a Judge or Jury will eventually issue an order on the contested issue. A court has the power to take virtually any action that would be necessary to resolve a business ownership dispute, including forcing the buy-out of certain shares or the dissolution and sale of the company. In order to get yourself past the ownership and control disputes you need the guided hand of an experienced business dispute attorney to arrive at a range of potential solutions.
Attorneys for Business Owners Selling Their Businesses in OhioWhen you are selling your business, you need a law firm that can work with you to minimize risks and maximize your gains from the sale.
You've worked hard to build your business. If you've been approached by a prospective buyer or you are otherwise looking to sell, then you need to partner with a business attorney who can guide you through the process of selling your business and through closing.
Selling Share of Ownership versus Selling the Whole BusinessIf you are one of a few owners of a business and you are simply trying to sell your shares, then there are some legal considerations that are different than if you are selling the whole business. First, an attorney would want to know if you have a buy-sell agreement. If so, then that document will dictate how the sale will go. If not, then the terms of the sale need to be negotiated between the seller of the business, the purchaser, and the remaining owners. This will involve finding a fair price on a per share value.
If the business ownership stake is going to be passed along to your children, or other family member, then the proper business succession planning arrangements should be made between yourself and your business attorney. Business succession planning can (and ideally should) be set up years before you actually sell your ownership stake.
Selling the Whole BusinessIf you are selling the whole business, then the gist of what needs to be done is for you to minimize your liabilities and maximize your sale price. You will want to meet with an attorney experienced in business sales in Ohio in order to make sure that you are properly protecting yourself from potential liabilities. The sale of a business can be structured in a number of imaginative ways. It is usually in the seller's best interest to defer as much of the cost of the sale as possible on the buyer of the business. This usually means that you would have the buyer's attorney outline the initial terms of the purchase of the business. However, whoever writes the terms of the business sale will write those terms in their favor, so you will need your own attorney to negotiate on your behalf or to write your own contract.
Need a Business Law Firm? Harris & Engler Helps Ohio Business Owners and is Located in Columbus OhioThe attorneys at Harris & Engler have extensive experience helping Ohio business owners with a full range of legal service for their needs. If you need an attorney for your business in Columbus, Delaware County, or elsewhere in Ohio then you can speak with an experienced business attorney today by calling (614) 610-9988.
Every Business Needs a Good Partner for Their Legal NeedsSome of Delaware County Ohio's largest employers operate in the health care, manufacturing, transportation, IT, and technology industries. Delaware County is also a great place for small business owners to locate their businesses. It is important for Delaware County business owners to have a partner that they trust for their legal needs. The law firm of Harris & Engler is a law firm conveniently located for Delaware businesses. Columbus and Delaware County businesses have a network of innovative legal solutions when partnering with Harris & Engler for their legal needs. Whether your needs are in contract, employment issues, or litigation issues, an attorney at Harris & Engler can work to help you achieve your goals.
The law firm of Harris & Engler helps businesses get started with a solid framework, helps with corporate documentation and governance issues, employment contracts, acquisition and selling your business, and for lawsuits filed against businesses and on behalf of businesses. You can call an attorney at Harris & Engler to work with your Ohio business at (614) 610-9988.
The Importance of Having an Attorney Review and Prepare Your Business ContractsBusiness contracts are the rule of law between the people or businesses that enter into the contract. To a certain extent, if you draft a business contract, then you get to make up your own rules and determine what the law is for the person signing the agreement. If you have to go to court over a contract dispute, then the rule of the court is to enforce the contract as it is written. That is why it is important to know what you're signing or to have an attorney draft your business contract for you.
Do I Really Need an Attorney to Write or Review my Contracts?Attorneys are expensive. Do you really need an attorney to draw up that contract or review the contract you've been given? If cost is the primary concern, then you are much more likely to walk yourself into a bad deal.
You may be thinking that you don't need an attorney to review your contract. It is written in English after all, and you understand English, so you can read and understand the contract yourself, right? Although your contract may be written in English, it is chock full of legalese, which often times is actually written in a different language (Latin). Business contracts are full of clauses and terms that have a special meaning under the law. You simply don't know what you don't know, so a non-lawyer would have no idea what to even look for. If there's any real money at stake under the contract, then you owe it to yourself to have it looked over by a business contract attorney. Business contract attorneys are not as expensive as you may think. For some types of contracts, the price you might pay your own attorney to draft the contract could be comparable to the price to purchase a ready-made contract from an online legal company.