
Frequently Asked Questions Business Law
What is a business attorney? Business attorneys help guide businesses through the myriad of state and federal laws that affect its business. They help with all aspects of entity issues (such as forming a corporation or other entity, corporate maintenance, selling additional shares, stock option plans, and dissolution), contracts (drafting, review and negotiation), disputes with third parties, and other issues that affect your business, such as employment issues, protecting intellectual property and regulatory compliance. What is the difference between a corporation and an LLC? Although the answer to this is much more complex than a paragraph, in short, although both provide personal asset protection when formed and operated correctly, the corporation has a few more "formalities" than an LLC (such as annual meetings/minutes). However, LLC's can provide more flexibility in…