Leading the Way in Business Law

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50+ Years of Collective Experience in Business Law

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100s of Successfully Prosecuted/Defended Cases Since 1991

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Successfully Resolved Cases Against Industry Titans

CREATIVE SOLUTIONS. PROVEN RESULTS.

Los Angeles Business Attorney | Business Law Firm

Your Business Attorneys in Los Angeles

Business law is about all legal issues concerning businesses, whether they be a start-up entity or a well-established corporation. It also means navigating, creating, and negotiating deals and preemptively taking measures to avoid disputes. However, when disputes arise, the firm is able to handle them.

At Lowe & Associates, we have a confident team of experienced and resourceful lawyers, paralegals, and staff who come together to collaborate and help our clients with all their legal needs. We work closely with you to ensure you receive comprehensive legal support and business advice. Contact us today to learn more about our business law services.

Our legal representation in the business arena includes the following practice areas:

  • Claims for Breach of Contract
  • Claims for Fraud
  • Claims for Breach of Fiduciary Duty
  • Claims for other Business “Torts”
  • Claims for Trademark Infringement
  • Formation of Business Entities
  • Business Advice in Compliance with Federal and State Rules and Regulations

 

Los Angeles Business Attorney

Lowe & Associates

Lowe and associates in Los Angeles awards

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Business Law

Business Formation

Starting a business requires a thorough understanding of various legal structures available for business formation. Each structure carries its own set of advantages, complexities, and legal requirements.

Sole Proprietorship

A sole proprietorship is the simplest form of business entity where one individual owns and operates the business. The advantages to this structure are that the formation costs are cheaper and you’re in complete control of every decision for the business. However, there is no liability protection, thereby putting your personal assets at risk. Sole proprietorships also have a pass-through taxing system, so all the gains and losses are carried under your personal income tax.

Partnership

A partnership involves two or more individuals or entities joining together to carry on as co-owners of a for-profit business. No written agreement is required by law, although it is helpful to have a partnership agreement that outlines the terms and conditions of the partnership, including roles, responsibility, profit-sharing arrangements, and dispute resolution procedures. Each partner’s liabilities and responsibilities can vary depending on the type of partnership formed. Unless otherwise agreed, all partners have equal rights and responsibilities in a general partnership with management being shared between them all. However, in a limited partnership, some partners are only responsible for investing money and are not responsible for day-to-day decision-making.

Corporation

A corporation is a legal entity distinct from their owners and managers such that they are a “person” under the law. It is owned by shareholders who elect the Board of Directors. The Board of Directors elects the officers who are responsible for managing the corporation. To properly form a corporation, its Articles of Incorporation, Bylaws, and Certification of Incorporation need to be filed with the appropriate government body.

Corporations (and LLCs) generally provide at least three advantages to their shareholders: limited liability, tax benefits, and the ability to bring in investors whose personal assets are not at risk. Normally, a corporation goes through double taxation, meaning the corporation pays taxes on its earnings and the shareholders pay taxes on their resulting dividends. However, if a corporation is incorporated under Sub-Chapter S of the Tax-code (also known as an “S-Corp”), it has pass-through taxation status, meaning the corporation is not taxed as an entity and the tax responsibility for profits or losses passes through for the shareholders to include on their personal tax returns.

Limited Liability Company/Partnership (LLC/LLP)

Both LLCs and LLPs offer limited liability protection to their owners or partners. This means that the personal assets of the owners or partners are generally protected from the debts and liability of the business and other members. In the event of legal action, creditors typically cannot reach the personal assets of the owners or partners beyond their investment in the business. However, they may still be personally liable for their own negligence or wrongful acts. Additionally, LLCs are quite informal because they don’t have a board of directors and can be treated in any number of ways for tax purposes.

Business Contracts

In business, contracts are indispensable. These binding business agreements form the foundation upon which successful enterprises are built. Our business attorneys understand the role that contracts have in protecting your interests, outlining the terms of engagement, and setting forth expectations.

If you’re establishing a new business relationship, or improving an existing one, our team of business lawyers is here to guide you. Crafting an air-tight contract is not merely about listing terms; it’s about anticipating future challenges, compliance with California’s legal codes and statutes, and aligning the contract’s provisions with your business’s strategic objectives.

Our business lawyers in Los Angeles emphasize the details of contracts and possess a profound understanding of the nuances in contract law. Whether you’re creating, drafting, or reviewing vendor agreements, partnership contracts, or corporate shareholder agreements, our attorneys ensure that your business’s interests are well-protected. Poorly written contracts can leave expectations and obligations up to interpretation, potentially placing your company in jeopardy.

Business Disputes

Business disputes are unfortunately fairly common throughout the country. Many of them arise when disagreements occur over contractual obligations. These disagreements can stem from misunderstandings or differing interpretations of an agreement’s terms. However, they don’t have to mean the end of a mutually beneficial business relationship.

Our team of attorneys understands that business disputes, if not handled effectively, can cause significant harm to your enterprise, both financially and to your reputation/brand. Our Los Angeles business lawyers always take precautionary measures to prevent disputes from arising, but in the event they do occur, we implement strategies to resolve disputes quickly.

There are various methods to resolve disputes. Our lawyers are experienced in all of the following methods:

  • Negotiation: This involves direct discussions between the parties to arrive at a mutual agreement. Our attorneys facilitate these negotiations, ensuring that your best interest remains protected.
  • Mediation: A neutral third party assists in reaching a resolution. Mediation often maintains business relationships, focusing on a win-win outcome for both parties.
  • Arbitration: This is a more formal process where an arbitrator (or panel) makes a binding decision after hearing the case from both sides. It’s generally faster and cheaper than litigation and is usually confidential.
  • Litigation: When other methods fail or aren’t suitable, taking the dispute to court may be necessary. Our lawyers are experienced to handle your case in court. We are well-equipped to aggressively represent your interests in court if need be.

 

Business Litigation

Sometimes in business, disputes escalate beyond negotiation, prompting the need to resolve a dispute in court.

Factors such as contract breaches, unfair competition, disputes over intellectual property rights, and disagreements can lead to problems which require a resolution in the courts.

While the idea of suing in court may seem overwhelming, there are scenarios where it offers distinct advantages:

  1. Enforcing Rights: For businesses facing unjust business practices by competitors or breaches of contract by business associates, litigation can be a powerful tool to enforce their rights.
  2. Monetary Recovery: Often, litigation becomes essential when substantial financial recoveries are at stake, especially in cases of fraud or significant breaches of fiduciary duty.
  3. Deterrence: In some instances, choosing to litigate can deter others from engaging in unlawful business practices such as intellectual property theft, breaches of contract, or defamation.
  4. Clarity and Finality: Litigation, unlike some other dispute resolution methods, provides a definitive outcome. A judge’s or jury’s decision is final, allowing businesses to move forward without lingering uncertainties.

We work closely with our clients throughout California (and, to a certain extent, throughout the country). We spend the time and resources to understand them, their business, and their business objectives. Our business law firm does everything in its power to ensure their business interests are protected. We can do the same for you.

Schedule a Consultation for Your Business

In this day and age, business law requires a solid knowledge of intellectual property as well as contract law/business wrongs such as fraud and breach of fiduciary duty. A law firm that is sufficiently experienced in these areas will be key to your legal needs. We have been serving business clients since 1991. At Lowe & Associates, we are passionate about what we do and the services we provide to our clients. Located conveniently in Beverly Hills, California, contact our office today to schedule a consultation.

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