In California, business owners face certain risks each day that they operate their company. To protect against the unexpected, the owner must set up provisions and plans to address risks quickly. Lawsuits and breach of contract are common issues for business owners. A business law attorney in Irvine CA helps business owners create plans and fight against legal claims.
The attorney assists the business owner by creating solid contracts that leave no room for error. All terms are defined clearly and explain the expectations of each party. The business owner explains the purpose of the contract and provides any necessary details when creating the contracts.
Protecting the Company’s Intellectual Property
Intellectual property is protected under federal copyright and trademark laws. The company owner can take legal action if any party utilizes their intellectual property without permission. The infringement laws allow the company owner to file a lawsuit against the party. If the owner wins, it is likely that the owner receives all proceeds generated while the outside party used the intellectual property.
Managing Tax Implications
The attorney can explain all tax implications that the company incurs due to the business type they establish. With an understanding of tax laws, the lawyer can explain which options are most suitable for managing tax requirements. An appropriate plan could lower common expenses and provide the company owner with a more effective plan for managing their tax returns.
Risk Management for Lawsuits
A business lawyer also presents a plan for business owners who are facing a lawsuit. The attorney assesses the claim against the company and determines if the company could incur a financial loss. Mediation and arbitration are often used to protect companies against serious losses and provide a lower settlement offer to the claimant.
In California, business owners approach attorneys to create contracts with new partners and other companies. The attorneys provide clarity about the company owner’s rights and how to protect the company more proactively. The laws protect the company’s intellectual property as well. Business owners who need to discuss issues with a business law attorney in Irvine CA can contact The Law Offices of Neil J. Cacali.
