Manuka Company Lawyer – Whatever Stage Your Company Is At
Every business in Manukau needs a trustworthy and experienced business lawyer to protect their interests and thrive in today’s competitive market.
You don’t need to be a giant company in order to benefit from having a Manukau company lawyer on your side. Whether you are operating in different cities and countries, or just starting out, a business lawyer can help you with a variety of issues. No matter how few or how many employees a business has, seek legal counsel early to help ensure future success.
Businesses of any stage can get assistance from a local company lawyer. Here are some examples of services they can expect at different stages in their development.
Start-up Businesses
People are filled with enthusiasm when starting a new business venture. They can’t wait to get started on the new project. All they can think about is the amazing product or service they’re going to be creating. But there are also a lot of boring logistical details that need to be figured out.
There are many things to consider when starting a business, such as incorporating the business, financing the operation, and safeguarding your assets from creditors. If the business owners disregard basic legal concepts, they put themselves at risk for costly problems later on.
The Ownership Structure
The type of business ownership and company structure you choose will have important implications for the future of your business. Before getting underway, it is crucial to consider what ownership model and company structure best fit your goals and objectives.
There are many different types of business structures that a company could choose from, but two of the most common are partnerships and Limited Liability Companies (LLCs). There are pros and cons to each of them. A partnership is a less formal business arrangement than an LLC, and involves less financial paperwork and setup costs. However, partners are not protected from legal action or debts incurred by the business, as they would be with an LLC.
It’s important to have a shareholders’ agreement in place if you’re running a company with multiple shareholders. This is often not considered at the start of the enterprise. But for example, what would happen to the business if one of the owners want to sell their share? Do the other owners have the first right of refusal, or can they sell to a third-party? Similarly, if there is a marital separation for one owner. How will their share be taken into account with the relationship property distribution.
The legal issues that a start-up business may face are often overlooked but can cause significant problems down the road. A good Manukau company lawyer can advise on the best ways to deal with these concerns.
If your business is already up and running, it’s a great idea to get these documents in order, especially while all the directors are getting along. When people disagree on something, it can cause problems. If there is already a Shareholder Agreement in place, this makes life a lot easier. Any agitation from the people involved can be dealt with through sensible discussion based on the document already agreed upon.
There are many other aspects where firms need help and advice from a lawyer. If you are in the south Auckland area, then a Manukau company lawyer, like McVeagh Fleming can help.