Business Transactions and Agreements
Another practice area at KEL Attorneys is business transaction and corporate law. We offer the hands-on experience and resources of larger firms,
while maintaining our client-focused service. We understand that each client’s circumstances and situations are unique, and we treat them as such.
From forming a business in the first place and addressing corporate formalities, to even the most complex of transactional matters, KEL Attorneys
has the knowledge and experience to make a difference. These services include the drafting of a wide variety of commercial contracts, including employment
and severance agreements, private placements, shareholder agreements, corporate resolutions, employee agreements, sale of business agreements, etc.
We represent small businesses all the way up to the most sophisticated of high net worth investors.
KEL Attorneys can assist you with all types of businesses and commercial agreements, as well as in the negotiation of commercial contracts. We will
review and draft the majority of business agreements, including, but not limited to:
Business Transactions and Issues
KEL Attorneys can also provide representation in the following areas:
- Buyer or selling assets or businesses
- Acquisition of bankrupt and distressed assets or businesses
- Securities law compliance
- Partnerships, joint ventures, and partner or shareholder relations
- Directors’ and officers’ liability
- Corporate formalities including operating agreements, meeting resolutions and corporate bylaws
- Corporate Governance
- Corporate workouts
Small Businesses
KEL Attorneys provides small to medium-sized businesses, legal counsel across a broad range of commercial endeavors including:
- Manufacturing of retail and wholesale products
- Print and media operations
- Software, construction, healthcare, technology, and many other commercial activities.
We represent a wide variety of small businesses, ranging from brand new start-up companies to the well established.
Our firm understands the unique challenges faced by many small businesses, so we strive to provide top notch services as
efficiently as possible, to accommodate our clients’ financial limitations. Our practice areas include:
- Developing business plans and legal strategy;
- Preparing and filing formation documents with your State;
- Preparing corporate formalities (bylaws, resolutions, stock certificates, etc.);
- Protecting intellectual property by filing copyrights and trademarks;
- Preparing customer agreements, invoice terms, distributor agreements, website terms and conditions and privacy
policies, employment agreements, manuals and related documentation;
- Assisting with collection of accounts receivable;
- Reviewing financing documentation for commercial and business loans;
- Providing general commercial law advice and guidance;
- Preparing and negotiating joint ventures.
If your are currently in the process of any of the following, KEL Attorneys can assist you…
- You are organizing a New Business.You may have considered using a do-it-yourself incorporation kit
in order to save some money; however those that go this route often overlook or fail to understand the application
of various laws that must be observed. When this happens, fixing the problems that result will usually be much more
expensive than hiring an attorney to organize your business from the outset. When forming a corporation or limited
liability company (LLC), you must properly capitalize the company, follow the legal formalities and properly manage all
documents and agreements. If not done properly, your liability protection could be lifted and you could be held
personally liable for claims against your business (this is known as “piercing the corporate veil”). You must also
ensure that your company complies with all legal requirements, or it is at risk of becoming suspended. KEL Attorneys
can help you decide which type of business entity is right for you and can prepare and file all the necessary
documents for your business. In addition we can provide information on business licenses and can issue share
certificates, with proper legends.
- Hiring your First Employees.Employee disputes and lawsuits often occur because the company failed to
clearly define the employment relationship from the very beginning. Our firm can prepare all employment contracts,
invention assignment agreements, non-disclosure and non-compete agreements, and can advise you on all of the common
pitfalls that can lead to highly expensive employee disputes regarding intellectual property and equity ownership.
- Offering or Issuing, Stock, Options, Warrants or Convertible Notes. The registration of stock and security
offerings and the preparation of the disclosure documents can be a very timely and expensive ordeal, due to the fact that
they are so heavily regulated by both state and federal securities laws. Our firm can advise you on these securities laws
and can normally structure the offering so that your company can qualify for an exemption to registration. In addition, we
can help prepare and review all disclosure documents.
- Planning to Create and Develop New Products and Services.It is important to protect the ownership of all of
the company’s intellectual property, including inventions, patents, trade secrets, trademarks and copyrights; and our firm
can assist you with this protection.
- Launching New Products and Services to your Customers or Clients.When selling products or services, you are
able to set the terms of the underlying contract, which many companies do not take full advantage of. Our firm can prepare
product, sales, and service agreements that you can present to your customers. We will draft these agreements to address
your specific business needs, in language that helps protect your interests.
- Entering into Third Party Contracts.Third party agreements such as leases, supplier, distribution, license,
and joint venture agreements, and other contracts drafted by third parties; are often one-sided in the other side’s favor.
Our firm can prepare and review these contracts, add protective measures, look for problem areas, and prepare amendments
and addendums to the contracts.
- Seeking to Resolve Internal Disputes.Disputes among co-owners, partners or shareholders, and other key
employees can wreak havoc on a business if left unresolved. Our firm can advise you of your legal options and offer ways
to help resolve these types of disputes.
- Acquiring Another Business.Taking over another business involves a great deal of business, tax and legal
issues, as well as due diligence and agreements that protect your interests. Our firm can structure an acquisition in
an appropriate manner, investigate unforeseen liabilities and risks, negotiate the terms and fully document the
transaction. In addition, we can assist you in securing key personnel, intellectual property, assignment of the
acquired business’s contracts; all while complying with regulatory and contractual requirements.
- Selling all or part of Your Company.Selling a company also involves a great deal of business, tax and legal
issues that affect the directors, officers, shareholders, employees and customers. Our firm can advise you on your duties
to all of these groups and we can help you structure the transaction and the terms, so they are the most favorable for you.
We also have a great deal of experience with regard to tax consequences, restricted stock transferability, earn-out
provisions, as well as employee contracts and non-compete provisions.
- Dealing with the loss of key personnel.The loss of key personnel can be quite damaging to a small business.
It can be the result of a number of scenarios including death, disability, illness, retirement, voluntary departure or
termination; and without a succession plan in place, the future of the company could be put at risk. Our firm can advise
you on how to address these contingencies as well as prepare a buy-sell agreement, shareholders agreement or employment
agreement to address these concerns.
Contact us today for a Free Consultation or for more information regarding
your small business matter.