Business and Transactional Practice
Forming and running a business is a full-time job, and one that requires business acumen and legalese. However, an understanding of the technical elements of the law is something that even the savviest of business owners may lack, which is why hiring a skilled business lawyer for representation and guidance is a must. At the law office of Davis, Bingham, Hudson & Buckner, P.C., our Alabama business lawyers have more than 40 years of experience helping businesses navigate legal waters, mitigate civil and criminal charges, and maximize profits through sound business practices.
Successfully Guiding Your Business
Our lawyers are able to provide effective and comprehensive legal representation in regards to all of the elements and issues that a business may encounter. We serve as many businesses’ general counsel, and we can skillfully assist your business in navigating the complexities all types of legal issues you may encounter. This includes but is not limited to:
- Entity formation. Forming a business is not only one of the most complicated parts of business law, but also one of the most crucial to your business’ success. There are many different entity types; the one that you choose will have an effect on everything from your personal liability for business performance and affairs to taxes. Choosing the right entity for you, and correctly establishing the business, will be paramount to its success.
- Banking and finance. Our law firm has years of experience in lending and securing transactions, mortgages and foreclosures, financing, and loan workouts. Not only do our clients include myriad different business types, but also commercial banks and borrowers. Our extensive knowledge of banking and finance law gives our clients the confidence and reassurance knowing they will be fully covered in this area.
- Business transactional law. Our lawyers provide representation for a wide range of commercial and business transactions at all phases of a business’ life. Our business transactional law services include:
- Preparing buy-sell agreements. A buy-sell agreement is a legal document that reallocates real property or business shares. These agreements outline the terms of the transaction and hold parties to those terms. A breach of terms can result in civil penalties.
- Employment agreements. If your business hires any employees, formation of an employment agreement will no doubt be part of the process. Employment agreements can stipulate the term of employment, an employee’s salary, benefits provided to the employee, non-compete and non-disclosure agreements, and more.
- Non-compete clauses. A non-compete agreement, or a non-compete clause as part of an employment agreement, is an agreement whereby a party–typically an employee–agrees not to enter into a profession or trade similar to their current occupation that would be in direct competition with the employer. These agreements can be critical for protecting an employer from competition.
- Non-disclosure agreements. A non-disclosure agreement or clause is an agreement between an employer and employee that holds that the employee will refrain from disclosing certain sensitive information or knowledge to outside parties. These agreements are also called confidentiality agreements, and are often critical for protecting valuable company information.
- Commercial leases. Our lawyers can represent you during the drafting and reviewing of commercial leases. Lease agreements must be constructed within the parameters of the law and they should be constructed with a business’ best interests in mind.
- Contracts. There are myriad different contracts that a business owner may form over the course of operations. Regardless of the contract or the potential implications involved, the contract should always be drafted by and reviewed by a qualified attorney.
- Mergers and acquisitions. One strategy for business success can be to form a merger – where two companies merge in order to create a new, joint organization. Another strategy is acquisition, whereby one company acquires another entity. Both of these types of transactions are legally complex and attempting either without legal representation poses numerous potential hazards.
- Dispute resolution. There is no doubt that at some point, your business will become immersed in a dispute; perhaps with another entity, an employee, or another interested party. When it does, the importance of having a skilled attorney by your side who understands what is at stake and the importance of effective and cost-efficient dispute resolution cannot be overstated.
- Commercial business litigation. Our lawyers explore all potential legal avenues to successfully resolve a dispute without the need for litigation. Litigation can be costly, time-consuming, and may subject your business to increased public scrutiny. However, when litigation is the only method for obtaining appropriate relief, you can be confident in the knowledge that our attorneys are skilled litigators who are prepared to aggressively advocate for your rights and interests inside the courtroom.
- Business exit strategies. Finally, if you own a sole proprietorship or partnership or another type of closely-held business, there may come a time when you are ready to retire. When this time comes, having a business exit strategy in place will be necessary. Our lawyers thoroughly explain all potential strategies available to you and help you to put an effective exit plan in place.
Our lawyers can serve as general counsel for your business, providing representation for all of the business’ ongoing affairs, or we can represent you for a particular event, such as a business dispute or breach of contract issue. Whatever your needs, we are there to provide customized legal solutions designed to obtain the most favorable resolution possible.
Running a Business without Legal Counsel Shouldn’t Be an Option
As a business owner in Alabama, you know the amount of hard work, time, and resources that the formation and operation of a business requires. Imagine losing all that you have worked for due to a legal faux pas, particularly one that you could have avoided had you sought the counsel of an experienced and qualified business attorney.
When legal mistakes are made, they can be costly. A business can face criminal or civil charges, high tax consequences and penalties, a loss of profits, stolen trade secrets or sensitive information (and no way to legally pursue damages), a tarnished reputation, and much more. Our lawyers can help to you mitigate negative repercussions and maximize potential earnings and success.
To schedule a consultation with our experienced Alabama business lawyers at the law offices of Davis, Bingham, Hudson & Buckner, P.C., we encourage you to call our law office today at 334-821-1908 or send us a confidential message using the intake form on our website. We are also reachable by email at email@example.com, or you may visit our Auburn office in person for assistance.