Business Law

When beginning a business, you must decide what form of business entity to establish. Your form of business determines your personal liability regarding investments into your business, and the taxes you have to pay. A good business attorney will provide vital assistance in almost every aspect of your business, from basic zoning compliance, copyright requirements, trademark advice, formal business incorporation, lawsuits, and liability. Starting a business involves various legal aspects such as a basic understanding of the federal and state legal systems, business immigration, corporate law, and labor legislation – therefore the proper legal counsel can be imperative to the overall success of your business.

There are several advantages to forming your business as a formal corporation.

A corporation is basically a separate legal entity that is distinguishable from its individual owners. Businesses that become incorporated according to state law requirements can mean that the owners’ personal assets are better protected. It helps to limit the liability of the owners so that their property or assets is typically not used to pay corporate business debts. There can also be tax advantages and an incorporated business may find it easier to to attract investors.

For sole proprietorships or partnerships, the owners are still personally liable for any debts and liabilities of the business. Creditors may even go after their personal assets to collect debts, but as a corporation, assets can be protected and any shareholders are not held liable for the business losses. It can help make it somewhat easier for them to raise capital too.

Additionally, while not a separate type of corporation in structure, Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.

Construction professionals can depend on the law firm of Ouverson, Guest & Carter to help them navigate the legal complexities related to their work. From the bidding process to the building – a strong legal team can assist with a multitude of legal aspects during each project.

Since a construction company will often have several projects going at any one time, lawyers are necessary to manage ongoing needs such as contracts, agreements, zoning records, development formation, and dispute resolution.

Construction law as a practice generally focuses on contract law and encompasses business law. It covers disputes that may occur between builders, business owners, homeowners, land owners, planners, engineers, architects, painters, landscapers, material suppliers, workers, construction lenders, and others whose work is related to the construction industry as a whole.

Those working in the construction industry need to work cohesively with government representatives and private entities in order to do business – whether for commercial or residential projects. Attorneys that are experienced with construction law are available to provide options in resolving problems that may arise, and to help all parties involved become familiar with the legal resources that may be available.

Contract law is important for any professionals in the construction industry. The details in each contract need to be clearly stated and reviewed by a knowledgeable legal representative whenever possible. If anything were to go wrong, the language in the contract often has the last word. Construction lawyers use their experience with state laws, federal laws, and local laws to tailor advice to each client. From reviewing blueprints to agreements, your Grand Strand Attorney will work to guide you with your best interests in mind.