A contract is a legally enforceable agreement between parties, where there is typically a bargain of goods or services exchanged. A contract can be breached by either party, and many times there are clauses or provisions in a contract that provides for damages in the case of a breach. Since contracts effect so many areas of business, it is important that careful consideration be given when drafting or entering into a contract. A thorough review of a contract should always be conducted prior to entering into the agreement, as many times there are terms and conditions that can be very detrimental to your interest. It should also be pointed out, that all items agreeed to while negotiating the contract should be checked to make sure that they are accuratly represented in the final contract
When deciding what type of entity to form for your business, all aspects of your business should be examined. There are many different benefits for each one, but at the same time there are many liabilites of choosing one formation over another.
Types of Entities
- Limited Liability Corporations (LLC)
- S Corporations
- C Corporations
- Nonprofit Corporations
Our firm reviews your goals and needs when helping you plan how your business will be established, and helps guide you through the process from beginning to end.