Business Attorneys Serving Springfield
Helping Massachusetts Clients Start, Grow, and Protect Their Businesses
Building a business can be challenging, especially without help. Many business owners have great ides but are not sure how to formally organize or legally protect themselves. Others have the basic groundwork but are struggling to grow. And some have built robust businesses that are now in the position of needing legal advocacy to protect their interests.
Regardless of your situation, our Springfield business lawyers at Hare, Stamm, Harris & O’Connor, LLC are prepared and equipped to help. We have substantial experience in numerous areas of business law. Our attorneys can assist you regardless of your venture or legal issue.
Our legal team can assist you in areas of business formation, contracts, litigation, and more. We are also able to assist with business hardships developed as a result of the COVID-19 pandemic. We understand that your business is your livelihood. We will do everything to protect and honor what you have worked so hard to build.
Legal Representation in Business Litigation
Despite your best efforts, you may end up in a position where litigation is necessary to resolve a dispute.
Perhaps a vendor refuses to honor the legally enforceable terms of their contract. A customer may claim you have engaged in deceptive business practices. An employee may brazenly violate the terms of their non-disclosure agreement. Conversely, a third-party could wrongly decide that you have violated an agreement despite clear evidence to the contrary.
These scenarios could quickly force your business into litigation, where you need a strong legal advocate to champion your interests.
At our law firm, one of our greatest assets is our litigation team. Our Springfield business attorneys boast over 100 years of collective legal experience. No matter the circumstances, we can give your business the advocate it deserves.
Are you developing the framework for your new business? If you have never formally created one before, you need the services of a qualified attorney to avoid mistakes. Our attorneys can help you with all aspects of successfully planning a new business.
For example, there are multiple types of business entities. Each of these have different advantages depending on the goals of the business and circumstances of its owners. Choosing an entity type in which to form your business can be critical to early success while protecting your individual interests.
Some factors to consider when choosing a business entity include:
- Limited liability
- Management structure
- Tax efficiency
Though in many cases it is possible to change a business entity, selecting an entity type is not an arbitrary endeavor. You should carefully evaluate the details of you and your business partners’ financial situation and goals. Our experienced lawyer can advise on what entity type is likely to be the most beneficial.
Some of the business entities our business lawyers in Springfield can help you form include:
- General partnerships – Two or more partners run a for-profit business without formal organization. This can lead to liability and ownership disputes without clearly written agreements indicating who is entitled to and responsible for what.
- Limited liability partnerships (LLP) – Similar to a general partnership. However, as the name would imply, limited liability insurance is required to protect owners from company tort. This entity is also formally registered with the state.
- Limited partnerships (LP) – A more organized and structured version of an LLP whose articles are registered with the Secretary of State.
- Limited Liability Companies (LLC) – A structurally customizable, formally registered entity with some flexibility on how it is taxed.
- Corporations – a complex entity with many subcategories and often the most formal organization. Generally includes a board of directors, shareholders, and officers, all governed by established company bylaws.
It is possible to form a company on your own. However, you may not understand the full implications of the entity you select. This can lead to substantial liability and tax problems just as your business is likely hitting its stride. Our legal team at Hare, Stamm, Harris & O’Connor can make sure your business’s first steps are done right.
Business Contract Services
Beyond your products and services, most companies are built on a network of legal agreements. These agreements connect employees, suppliers, manufacturers, distributors, financiers, and other vendors. Legally enforceable agreements help define the terms and obligations of your relationship with each party. They also proactively work to prevent and protect yourself from disputes.
The consequences of failing to properly draft, review, and maintain contracts can be immense. Without a contract specifying the details, you may only have limited recourse in pursuing damages. For example, failing to use and maintain non-disclosure agreements could lead to trade secrets escaping the safety of your company.
Some of the contract categories that may be relevant to your business include:
- Employment contracts – Defines the relationship and obligations between the company and employee. These include terms regulating noncompete, non-disclosure, or dispute resolution agreements.
- Business governing contracts – Often documented when a business is formally created, these contracts define the infrastructure of your company. This includes its mechanisms for selecting leadership and obligations to shareholders
- Real estate agreements – The lease, rental agreement, mortgage, or other type of agreement used to secure your company property.
- Third-party contracts – Defines the terms of your company’s relationship with a vendor, individual, or another third-party.
- Purchase or sale agreements – Defines the terms of an acquisition or sale of a company’s assets.
It is always wise to retain the services of a qualified attorney who can draft sound language that protects all parties. Our legal team can help draft or review the legal agreements your company needs. We can also assist you with proposing new agreements to a vendor.
Our firm has a proud history of supporting small businesses in Springfield . However, we are conscientious of the COVID-19 pandemic’s adverse impact on businesses of all levels. Our lawyers are prepared to help if your business is struggling with the economic fallout. We can work to keep your company solvent, safe, and thriving, now and well into the future.