Why is Business Maintenance Important?
After a business is properly formed and organized, business owners are constantly confronted with numerous legal issues. If the business law issues are not appropriately handled they not only have the potential to cause long-term damage to a business but will unnecessarily expose to the business to risk and liability. Business maintenance is vital for the long-term health and success of a business. Our Chicago corporate lawyers encourage our business clients to act proactively and prepare for the future, rather than retroactively dealing with issues that may be too late to resolve efficiently, effectively. While retroactive action is often the only option, by anticipating those business law issues that may arise, we are able to cost-effectively provide business maintenance services to our clients. Business maintenance services our business law firm provides often deal with the following (non-exhaustive) list of legal matters:
- Brand protection, trademark registration, trademark maintenance (intellectual property protection)
- Raising capital, admitting investors, and acquiring debt
- Development and restructure of shareholder agreement, operating agreement, partnership agreement
- Development of buy-sell agreement and addressing events of termination and dissociation
- Development of licensing agreements and other third-party contracts
- Non-compete agreements
- Trade secret or confidentiality agreements
- Employment contracts, independent contractor agreements, sales representative agreements, reseller agreements
- Review and negotiation of commercial lease agreements
Our Chicago corporate lawyers counsel clients to make strategic decisions that will ultimately benefit and protect their businesses. Even after a business is established, it is critical to maintain the business’s records, legal interests, ownership interests, documents relating to business transactions, and other important business agreements. For example, in the event of a business merger or business acquisition, the potential purchase will conduct its due diligence and want to see the history of the business, its business transactions and how it operated historically.
Our business law firm understands that long term success and prosperity involves continual business maintenance, planning, and anticipating for the future and what it may bring.