Plano Business Transactions Attorney Helps Advance Your Company’s Goals
Prudent legal assessments safeguard your internal operations and commercial ventures
Naturally, the success of your business depends on the quality of your goods and services. But your ability to deliver depends greatly on the quality of your contracts. The legal agreements you make with executive talent, co-owners and investors, materials suppliers, commercial landlords, and more can facilitate your success or place endless obstacles in your path. The Law Offices of Kevan I. Benkowitz in Plano understands the importance of your various contracts. We draw on more than 15 years of business law experience, much of it devoted to high-value litigation, to practice preventive law. With meticulous attention, we anticipate and remove legal impediments and free your company to simply do business.
Legal guidance for every type of business and commercial transaction in Texas
Our business law practice assists with the full range of business and commercial transactions that are vital to your internal operations and your trade with clients. Basic transactional services include:
- Bank financing and lines of credit
- Buy-sell agreements
- Commercial contracts
- Corporate bylaws
- Employment contracts and handbooks
- Equipment leases
- Executive compensation packages
- Joint ventures
- Mergers and acquisitions
- Real estate purchase and lease agreements
- Shareholder and partnership agreements
In these areas and many more, we negotiate, draft, and review documents to advance your business goals and protect your rights should a later controversy arise.
Personalized assistance in the DFW area for small business succession planning
Privately owned firms, and family businesses in particular, often require special care with regard to business succession. Many entrepreneurs consider their small business to be a legacy for their children, but handing over the reins to an adult child or a sibling group is not always the best way to keep the business running. There are many pitfalls to mismanaged business succession:
- Loss of customer or client goodwill
- Drop-off of quality in goods and services
- Attrition among once-faithful employees
- Loss of focus and/or mission creep
These problems can be exacerbated when family issues intrude upon business operations.
By contrast, advance planning for business succession allows an owner to select the best talent to manage operations for the benefit of all stakeholders. Customers and clients have a period of adjustment during which they can become comfortable with new management and the new management learns what is necessary to maintain the business at its current level and grow it responsibly. A comprehensive business succession plan also provides retirement income for founders who can phase out their involvement at comfortable increments. Our experience in business formation as well as business litigation helps us craft business succession plans that create certainty for management and avoid ownership disputes now and in the future.
Contact our Plano, TX law firm for assistance with business and commercial transactions
For complex business and commercial contracts, you can trust the Law Offices of Kevan I. Benkowitz. Our business transaction practice is committed to providing excellent representation that protects your rights and advances your business goals. To schedule a free consultation, call us at 972-464-2645 or contact us online.