Top Legal Issues Business Owners Fail to Cover

Melissa Centeno, Esq.

CENTENO LAW FIRM

Ventura | Los Angeles

A Full-Service Business Law Firm

Top Legal Issues Business Owners Fail to Cover

Do you own a company with business partners? Are you the type to have done things right; having bylaws, diligently filing taxes, and managing your company effectively? Below are some of the top legal issues that even the savviest of business owners tend to overlook! Are you guilty of neglecting some of these key business matters?

Buy-Sell Agreements

What happens to your company if one of your partners suddenly goes bankrupt or gets a divorce? Without a properly drafted buy-sell agreement your partners ex-spouse could become an unwelcome partner in your business with a voice on how it operates! What if a partner dies or becomes disabled? These are tough questions, but without a plan you have no control over how co-owners sell their share of the business, to who, and at what price. Buy-sell agreements are extremely important and every business should have one. Contact Centeno Law Firm to start yours today.

Selecting and Forming Business Entities

As a business owner, you probably realize that operating and owning a business can be fraught with pitfalls and risks. But did you know that if your company takes on debt or is subject to a lawsuit that your personal bank accounts, real estate, automobiles, and personal possessions may be exposed? Successful business owners minimize liability and shield their personal assets from the company’s creditors through the formation of a Corporation or LLC. These entities place a “veil” that can insulate you and your personal assets. At Centeno Law Firm we can help you choose and form the entity that is most appropriate for your business, and all for a cost-effective flat fee!

Intellectual Property: Trademarks

So, you’ve read everything thus far and are patting yourself on the back! You’re a great business owner that has solid business succession plan in place and have minimized your liability exposure. But, are you protecting your company’s name? Without a trademark you have little recourse if another company starts using your brand as their own! You can save you a lot of money and headaches by trademarking your business before your reputation is on the line. At Centeno Law Firm we can help you trademark your company name, logo, symbol, and even a sound that refers to your business, so you can continue to stand apart to your customers in the best way. 

~ When your Business is Exposed, Rely on the Pros at Centeno Law Firm ~