THE BUSINESS LAW EXPERTS
Starting a business or working to grow your long-established organization is thrilling. But you’ll quickly find success is about more than the actual product, service, or cause you’re supporting.
At the business law practice of Davis, Ermis & Roberts, P.C., we help you navigate these potential minefields. We do it by offering a wide spectrum of business-specific services. Whether you are in need of assistance in forming a new business or are an established business that needs guidance for future pursuits, we’ve got you covered. We also can help you with any business litigation matter that arises.
When companies and individuals in Dallas contact us, here’s what they can expect.
ASSISTANCE IN BUSINESS FORMATION
There’s much to consider when choosing the appropriate business entity. Founders and investors have to make decisions to limit tax liability. They also need to ensure business succession should one or more individuals part ways later down the line. Which formations work best?
Also, as businesses grow and interface more with the public, they can become magnets for lawsuits. Depending on how the business is formed, some litigants might be able to come after personal in addition to business assets.
Our law firm takes great pride in assisting local businesses with matters like these. We also help entrepreneurs find their best options at startup. One of the ways we can help is to provide our clients with competent legal advice in order to meet current and future challenges.
DAVIS, ERMIS & ROBERTS, P.C., SPECIFICALLY CAN ASSIST IN FORMING:
- Limited Liability Companies (LLCs): this limited liability entity sets caps on the amount an individual can be held liable for the actions of their business. It can also be used to limit the amount of taxes an individual owes when compared to a sole proprietorship.
- Limited Liability Partnerships (LLPs): this limited liability entity sets caps on the amount partners can be held liable for the actions of their business. It also can be used to limit the amount of taxes the partners owe when compared to a sole proprietorship.
- S Corporations: This protects the personal assets of shareholders. Shareholders are taxed as individuals. LLCs may operate as S Corps.
- C Corporations: The corporation is taxed separately from shareholders. LLCs may operate as C Corps.
- Partnerships: the partners doing business together pay taxes on business earnings and share the liabilities of the business.
- Sole Proprietorships: the sole owner of the business pays individual income tax on all profits and is responsible for all the business’s debts.
The entity you choose can save (or cost) you a lot of money. Therefore, it’s important to get it right. Do this by consulting with a firm that can look at your situation and weigh all the applicable factors. Davis, Ermis & Roberts, P.C., is that firm.
AN ADVOCATE THROUGH BUSINESS LITIGATION
In any business, there’s a possibility dispute will arise. Those can come in the form of contract disagreements, angry customers, and landlord or tenant disputes. We’re available to assess the situation and provide you with the best possible legal advice. Our attorneys and support staff are experienced in business litigation involving multiple areas. These include the following:
BREACH OF CONTRACT
We help business owners understand which contracts are binding. Lots of business deals are made over drinks or a game of golf. It’s not surprising these “oral contracts” turn into disagreements and lawsuits. But even written contracts can lead to legal dilemmas. Without an attorney’s review, both parties are putting their rights in jeopardy. We regularly draft large, multi-million dollar contracts and stand up for our clients.
If left unchecked, these can destroy a business. We believe it’s best to keep these out of court whenever possible. If you do let a judge decide, he or she may make a decision no one wants. Nevertheless, we’re prepared to fight for your rights wherever we’ve got to do it.
BREACH OF FIDUCIARY DUTY
Basically, if a business partner acts unreasonably in their business capacity and harms the business, that person may have breached their fiduciary duty. Fiduciary duty can apply to formal and informal relationships. We’ll help you navigate this complex area of law and advise on the best way to proceed.
PROTECT YOUR AMERICAN DREAM
While our country has gone through constant changes since its birth, the one thing that hasn’t changed is our entrepreneurial spirit and the idea of the American Dream — that anyone can come here and find a land of opportunity.
Starting and running a business is a huge part of the American Dream, and it will be as long as this country stands. But you can’t achieve this goal through passion alone. You need the legal intelligence and experience that Davis, Ermis & Roberts, P.C., provide. We’ve helped a number of companies grow from dream to large corporation, and we’re eager to help you. Contact us today to learn more about your options.