Law Offices Of Richard M Sepler

1. Business Planning Is Key Along with helping our clients negotiate and close a business acquisition, The LawOffices of Richard Sepler understand how important it is to make sure the business will be run smoothly and ultimately, be profitable. In order to accomplish this, especially when there are partners or multiple owners, there needs to be a clear operating agreement. An operating agreement protects the business by clearly defining each partner’s responsibilities, the decision-making process, how profits will be split and how any potential conflicts can be resolved. When negotiating a business deal, the responsibilities of each party after the deal iscomplete may often be overlooked. It is not until after the deal is completed that the new roles must be defined. These initial conversations seem awkward, as each party wants to have a role in their new business and earn the most money they can. An attorney can help ease this tension by taking the emotion out of the process. This is a good idea as it is crucial to determine a clear path forward for the new business.

2. Often, too many differing opinions on how to manage the company’s growth can lead to more problems and uncomfortable situations. Ultimately, this can be detrimental to the business, which is why a clearly defined operating agreement is critical to the success of the future business. The hiring ofan attorney is crucial to helping ensure there is a clearly defined operating agreement. During the beginning stages of the new business, all parties should have their ownattorneys. Even the actual business itself, should have its own attorney, separately from the partners or owners of the company itself. This will ensure that the business is also represented, as what’s best for the business may be different than what’s best for the new owners. Eventually, the decisions should be made based on what’s best for the business. Of course, as the business profits and flourishes, the partners will reap the benefits. The Law Offices of Richard M. Sepler can be either your business attorney or your personal attorney and should not be the same as that represents a conflict of interest. Our many years of experience handling complex business transactions have enabled us to separate the emotion from the business and ensure all parties end up satisfied.