Business Law FAQS
Broward County business attorneys at Reimer Rosenthal provide answers to common questions regarding business law.
What is business law?
Business law, sometimes called commercial law, is related to a wide array of practice areas including:
• Contracts • Incorporation • Transactions |
• Finance • Intellectual property • Employment law |
Business law includes a vast body of rules, statutes, codes, and regulations that govern commercial and business dealings on a federal, state, and local level. The areas requiring strict adherence to the law include business—
• Organization • Negotiations • Planning |
• Dissolutions • Acquisitions • Mergers |
The Broward County business lawyers at Reimer Rosenthal provide knowledgeable legal counsel regarding regulatory compliance and all aspects of business law including dispute resolution.
Does incorporating avoid or lessen personal liability?
It lessens personal liability for corporate issues. When owners properly incorporate a business, it becomes a new legal entity separate from its owners. For example, a creditor can threaten only the assets of the corporation, while the personal assets of the owners remain beyond reach.
However, in cases such as fraud, injured parties are allowed to pierce the corporate veil, as this practice is called. A Broward County business lawyer at Reimer Rosenthal can help you follow the proper procedures to avoid such a situation. For example, owners must not commingle personal and business assets. In addition, business owners must always sign contracts in their corporate capacity to avoid having the corporate veil pierced.
What are some other benefits of incorporating?
Incorporating enables a company to issue stock. This eases transfer of interest in the business and allows the company to raise money by selling shares of stock. Corporation formation provides a variety of estate-planning choices. The articles of incorporation and bylaws may protect officers and directors from liability for infractions or losses incurred by the company. A Ft. Lauderdale business attorney at Reimer Rosenthal is ready explain all the benefits of incorporation to you.
Contact Reimer Rosenthal for your all business law needs
Whether you are located in Florida or anywhere in the U.S., call 866.958.6571 or contact the Weston, FL law offices of Reimer Rosenthal, Attorneys at Law online for exacting contracts, creative dispute resolution, business-related litigation, and corporate legal advice.
