Protect Your Business Transactions
Without a doubt, business transactions represent the bread and butter of most businesses. Although many transactions are simply the exchange of money and product, some transactions offer higher risk but better interest for the company. Naturally, due to the expense or worth of specific transactions, including a business transaction lawyer in your business interact ensures legality and lawsuit prevention.
Moreover, a business attorney develops form contracts unique to your company to help during routine transactions. Meanwhile, a business attorney also smooths transactions of more expensive assets.
Types of Business Transactions
While businesses exchange products and funds often, whether with client or vendor, a few specific types of business transactions rise as most beneficial and risky yet necessary for a business.
Due to the risk and cost of major transactions, business owners face a need for stronger legal protections as well as the ability to recognize hidden problems. Subtle language choices may carry liability issues for a company later if not handled by a business attorney. Any buying or selling in major transactions in the following areas also may require the aid of a business attorney.
- Asset purchases
- Asset sales
- Real property transactions
- Mergers and consolidations
A critical type of transaction is any transaction that deals with a business restructure. Since reshaping a business requires the alteration of the very fabric of the company, understanding the legal ramifications is absolutely necessary. In most cases, a business lawyer represents either the business entity or an individual business owner during the business restructure.
Business Restructure Reasons
- the addition of new owners
- buying out current owners
- altering the ownership
Consequently, the change in business structure also requires the re-drafting of current business agreements. While some items may stay the same, most paperwork needs a brisk overview, ensuring that all legal loopholes have been spotted and corrected. A business restructure transaction often includes the below items.
- Stock Purchase Agreements
- Stock Redemption Agreements
- Shareholder Agreements or Stockholder Agreements
- Bylaws or Amended and Restated Bylaws
Meanwhile, business contracts hold a lot of weight for businesses no matter the size. While contracts fall into a number of different categories, the truth is that these documents, if drafted well, can make or break a business. Naturally, contracts bridge the relationship between a business and its clients, a business and its vendors, and a business and its fellow businesses.
- Purchase Orders
- Service Contracts
- Employment Agreements
- Independent Contractor Agreements
- Licensing Agreements
- Franchise Agreements
- Confidentiality Agreements
- Non-Competition Agreements
- Non-Solicitation Agreements
- Non-Disclosure Agreements
- Management Agreements
The business transaction attorneys at KM&A recognize the importance of navigating business transactions with class and strategy because ensuring the best for your business is the goal of KM&A. Consequently, call or email us if your business faces a major transaction.