Business Law

Business law is an area that covers a broad spectrum of fields related to the transaction of commerce. Many of these areas are governed by specific statutes or codes that orchestrate the manner in which people and businesses interact. 

The Rutala Law Group has the skill, experience, and devotion to powerfully represent you and your business.

Transactional / Drafting

Almost every transaction that people enter into constitutes a contract. Whether it is an oral agreement or a written document, contracts a vehicle for enforcing a promised exchange between to parties under the law. Everyday people enter into contracts without ever knowing it, e.g. purchasing food at your local grocery store. Whether it is a long, written formal contract or a simple over-the-barrel purchase in a store, each one of these transactions creates a contractual relationship.

Although there are simple transactions that do not require the attention of an attorney, there are many times when the guidance of an attorney in the planning, negotiation, and drafting of a contract are essential. Written contracts filled with ambiguous statements or lacking provisions can make the enforcement of the written instrument extremely difficult or impossible. This can affect you or your companies ability to get the benefit of the bargain that was originally struck. It is here that the Rutala Law Group can provide those vital services to protect you or your business from the pitfalls of a poorly drafted contract.

 Business Formation

The formation of one’s own business can be a realization of the American Dream; however, if it is done incorrectly it can cause a myriad of problems for tax consequences, liability issues, and even disputes among partners. Many start-up business do not want to take on the additional expense; however, the expense in forming a corporation is much small than the cost of repairing the damage from a poorly formed business.

In the beginning, a new business owner or partners in a new business venture are many times in a honeymoon phase where they fail to look at the potential future pitfalls in organization. They are more interested with forming the organization and operating it as a going concern then they are in the specifics of the formation. As such, they tend to diminish the importance of proper entity formation and planning. Moreover, many burgeoning businesses simply do not want to pay the expense of hiring an attorney to form the corporation.

It is a mistake to begin an entity without first understanding what you are creating and the consequences of creating and forming an entity. Further, having the appropriate formational documentation that suits your business’s particular needs can be essential in governing the business and maintaining partner relationships.