Business Law & Planning

The complexities of modern business practice may be overwhelming for a business owner.

Therefore, it is important to take the right steps to ensure legal protection for you and your business. Along with our other services, The Law Office of Pietro Canestrelli provides legal assistance in the area of business law. Business law deals with the creation of new businesses and the issues that arise as existing businesses interact with the public, other companies, and the government. Business law attorneys specialize in transactional work, meaning they do not represent clients in court. The Law Office of Pietro Canestrelli will ensure that your business is fully within the law and that you know where your responsibilities lie.

Business Law Services

Some of the Business Lawyer service we offer include:

1. Drafting and Reviewing Contracts

One of the key responsibilities of a business lawyer is drafting and reviewing contracts for their clients. This process requires great attention to detail and creativity to ensure that the contract is legally binding, contains all necessary provisions, and protects the client’s interests.

2. Providing Legal Advice

This advice entails researching the law, identifying issues, and recommending solutions. It is also the responsibility of a business lawyer to explain the law to clients and ensure that they understand any legal implications of their decisions.

3. Resolving Disputes

Disputes may occur between customers, suppliers, and employees in the workplace. A business lawyer will resolve those disputes in a legally binding way that protects both parties interests.

4. Managing Legal Risk

Managing risk involves identifying potential legal issues before they arise, developing strategies to mitigate risk, and providing guidance on compliance with relevant laws and regulations.

For this reason, the lawyer must be creative in finding solutions that balance legal compliance with their client’s business goals.

5. Structuring Business Transactions

A transaction may involve multiple parties depending on the nature of the business and the industry. These transactions may include financing, mergers and acquisitions, and disposal of business assets. Pietro Canestrelli will therefore advise on the transaction’s structure and make recommendations for any possible issues.

Benefits of Having a Business Lawyer

1. Better Tax Planning

A tax attorney can represent your business at the tax audit and help you decide on appropriate tax treatments. They can also suggest areas of tax planning that may not be obvious.

This preparation will, in turn, help you save taxes and money on your business.

However, it would be best to work with a reputable tax attorney to avoid penalties and interest charges. Pietro Canestrelli is an experienced firm with a law office in Temecula, CA. It specializes in business law, estate planning & probate, business litigation, and corporate law.

2. Valuable Investment Advice

A business lawyer may be able to help you identify areas of expansion or growth, market potential, and the potential for capital growth. They may also be able to advise whether a particular investment opportunity is likely to be legally profitable for you and your company.

3. Reduced General Liability

A business lawyer may help you manage risk more effectively in your business. They may be able to identify potential areas of liability and help set up policies and procedures to reduce the risk of financial loss and reputation damage.

4. Improved Employee Relations and Efficiency

An employment lawyer can help you draft employment contracts, deal with employee complaints, manage human resource issues, and protect you and your business from legal liability. They can also help you manage employment problems and negotiate with unions.

5. Increased Profitability

Many small businesses are locked into fixed-price contracts that may be very expensive to break, but this is often unnecessary as legal fees can be negotiated. Additionally, legal advice can help you avoid costly mistakes and establish a good business relationship with your vendors.

6. Insurance Advice

Insurance can be complicated since there are a vast number of insurance policies available to small businesses. A lawyer can explain the pros and cons of each policy and help you decide on the right plan for your business.

7. Peace of Mind

Legal advice from an experienced lawyer will help you have confidence and peace of mind, knowing that your business has been set up in the most appropriate way. Besides that, it allows you to focus on running the business and not on legalities.

8. Protection from Litigation

If your business suffers a loss or damage, you need legal advice from a lawyer to help you determine whether the claim is genuine and if it is time to take action. Doing this will help prevent unnecessary stress and confusion. It will also provide an opportunity to resolve disputes before they become legally binding decisions that are costly and difficult to change later.

Business Formation and Internal Agreements

New companies must take steps to comply with the law even before opening their doors for the first time. Business law attorneys are routinely asked to form new entities on behalf of their clients by filing the necessary documents with the California Secretary of State.

We also assist clients in choosing the business entity best suited for their enterprise. Businesses can be formed as corporations, limited liability companies (LLCs), partnerships, and other entities. Most of these business forms can be further customized to meet the needs of the company. Examples include corporations formed as “S-corps” in order to achieve tax savings, and partnerships formed as “limited partnerships” to allow some owners to participate as investors only.

While the selection of the appropriate business entity will depend on numerous factors, the primary purpose of most entities is to shield owners from individual liability. Operating a business that is not set up to provide limited liability means that the owners are putting all of their personal assets within reach of the business’s creditors. By working with an attorney at the inception of the business, this situation can easily be avoided.

Business law attorneys are also available to draft the internal agreements that will control how a new company is managed. Common examples are LLC operating agreements and shareholders agreements.

Complex Transactions

Some commercial transactions are within the ability of business owners to handle on their own. Others are not, especially when a deal touches on complicated and evolving areas of the law, such as securities regulation or internet commerce. Asset Purchase agreements, commercial sales agreements, and security agreements are just some of the matters that the Law Office of Pietro Canestrelli can assist a growing business with.

If you operate an existing business or plan to launch a new one, your success may depend on obtaining the right legal advice. Attorneys are available to assist with everything from simple buy/sell agreements to mergers and acquisitions of publicly traded companies.

Business Succession Planning

When you work hard to build a successful business, you want to be certain that it will keep going strong once you retire or are unable to fulfill your responsibilities due to incapacity or death. Establishing a sound succession plan helps to ensure that what you have built will remain in good hands regardless of what happens. The Law Office of Pietro Canestrelli has helped many small business owners in this vital task. Hiring a lawyer is a good investment for your business as they can help reduce risk and manage legal compliance. Most importantly, we can help you build solid relationships with vendors, employees, and managers. For those in Temecula, San Diego area, contact us today for a consultation with one of our best business lawyers.