The success and failure of a business depends upon the strength of the relationship between its owners. Not only does a business need a loyal customer base to grow, company leaders and entrepreneurs need to have a well defined business arrangement in place between one another so that they each know their boundaries and areas of expertise.
Business formation agreements control not only a business’s handling, it also dictates whether a business will be caught up in a legal predicament in the near future or not. Mistakes in business formation agreements can be costly. Nowland understands that and we offer our clients the chance to draft their agreements whether the business is a limited liability one, a corporation or a partnership.
Other than business formation, there are a number of different issues that may arise in a business. The owners, employees and stakeholders may dispute certain decisions or take the company to court. Bad publicity is a step back for companies and the earliest it is managed the better. Nowland is well versed in dealing with Business disputes that can jeopardize the goodwill and reputation surrounding a business.
Disputes are bound to happen, they cannot be ignored or avoided, what a business can make sure is that it has proper legal representation to dispense with these disputes at the earliest and to get proper and adequate representation.
Time to Seek Resolution
Business disputes can eat up a business from within its core and weaken it from its roots. Continuing disputes between business owners and their directors can choke up the critical decision making process of the business. Once the dispute has taken place, there are two primary ways to deal with the situation. Nowland’s Law firm has lawyers ready to serve you in both circumstances. The client can either:
· Resolve Problems Pre Litigation
Once a dispute goes into litigation, the company’s reputation is no longer in their own hands. They can be subjected to intense media scrutiny and their records and figures can become public property. This is why a good commercial lawyer will exhaust pre litigation resolution options such as mediation, negotiations and arbitrations, before finally going for litigation.
· Litigation
When the two parties are battling out in court, an experienced lawyer, who knows his way around the disputes and is able to understand the situation well can make a difference. Nowland has just the kind of lawyers.
What You Can Do About It?
Nowland Law ensures that your Shareholder agreement will spell out the duties and protections of majority and minority shareholders. The agreements are built with prudent protective procedures to ensure key members are fulfilling their duties in good faith, and build a working foundation for corporate procedures, voting, resolutions, etc.
Business formation and other legal disputes are one of the most critical matters a company might face. Division and strife that escalate to this stage may bear serious operational consequences. Work with a legal counsel that seeks to defend your position and keep the health of the company in mind when developing strategies. Talk to Nowland Law about creating a prudent Business formation Agreement, or representing your position in legal Disputes.