jdwlawfirm

Business Law, also referred to as mercantile or commercial law, deals with the various aspects of doing business. This type of law regulates two main areas: commercial entities and the transactions taking place. Whether you own a small startup looking to establish a secure foundation, or you’re part of an established company aiming to protect what you’ve established, our team is here to defend what matters most to you.

Business law focuses on organizations and the individuals involved. Companies in all industries rely on legalities in business for guidance through every stage of operations, from the creation of a new business to issues that arise during everyday business.

When businesses or business owners engage with customers, interact with other vendors, or strive to comply with government regulations, having professional legal guidance is always beneficial. Our team has served countless Texas companies and corporations ranging in size. John Ward Law Firm offers assistance in these specific areas of business law:

What are the Differences Between a Partnership, Corporation, and a Limited Liability Company? 

There are entire books devoted to the differences between partnerships, corporations, limited liability companies, and other legal entity structures. However, for most businesses and individuals, the primary differences include:

  • Liability Risk – General partners are exposed to personal liability, while limited partners, corporate shareholders, and LLC members enjoy limited liability. This means that – assuming the partnership, corporation, or LLC has been formed and managed properly – its owners will generally not be exposed to personal liability for the business’s debts.
  • Income Tax – By default, partnerships, LLCs, and S-corporations are pass-through entities, meaning that the business’s income gets reported on its owners’ tax returns. In contrast, C-corporations are subject to corporate income tax (in addition to the personal income tax at the shareholder level). Which option is the most advantageous will depend upon a number of different factors that are unique to each individual business.
  • Formalities and Flexibility – Generally speaking, partnerships and LLCs are subject to fewer formalities than corporations. LLCs also generally offer a greater level of flexibility when it comes to structuring ownership and control. However, corporations can offer greater flexibility with regard to shareholders’ rights.
  • Transferability of Shares – If one of your goals is to build a business you can sell, this should factor into your choice of entity, as well.

What Types of Clients Do We Serve?

Our clients range from individual entrepreneurs to Fortune 500 companies. Our experience includes working with a variety of different businesses and industries including: 

  • Construction companies
  • Franchise opportunities
  • Law firms, financial services firms, and other professional services entities
  • Manufacturing companies
  • Personal investment companies
  • Restaurants
  • Tire companies
  • Real estate investors and brokerages.

 

Why Should I Hire a Business Law Attorney to Form My New Business Entity? 

While there are a number of self-help options available online, it is strongly advisable to hire a business attorney to form your new business entity. There is much more involved in the process than simply filing out a form, paying a filing fee, and you will need an experienced attorney who can help you prepare all of the necessary documentation (including a partnership, shareholder, or operating agreement). 

Tortious Interference

Tortious interference claims arise when a party unlawfully interferes with an existing contract or prospective business relations. Both cases can result in a lost business deal, rejected bid, or canceled contract that otherwise would not have happened. Such losses can result in thousands, millions, or even billions of lost revenue. If you find yourself in a situation where a contract is unilaterally terminated without any warning, you may be in a tortious interference situation. Our business law attorneys have advised and successfully litigated a number of tortious interference claims. Contact us today for a free consultation. 

We Negotiate, Mediate, or Litigate.

Although our trial lawyers are at home and comfortable in the courtroom, sometimes the most expedient and lowest-exposure way of dealing with a claim is to work with the other party to find a negotiated settlement. Finding the best resolution for our clients can involve a variety of strategies, including both litigation and a strategy to work with opposing parties to find a resolution that everyone can live with and which can resolve the claim quickly. Our team includes veteran litigators, experienced mediators, and lawyers who routinely negotiate cases to a positive result for our clients.