At Erin Patterson Law, PLLC our team is invested in helping your business thrive, whether you are just starting out, growing and expanding, planning to pass your business to the next generation, or considering capitalizing on your business' success through a purchase or sale.
We understand that every business is unique, and with Charlotte's growing markets, our clients' opportunities and goals are ever-changing. Our firm, composed of experienced attorneys and legal professionals, will work alongside you and your business to learn your objectives and challenges, and to partner with you in applying the best legal strategies to move your business forward.
With a focus on providing customized techniques, tailored to your company's situation, our firm is equipped and excited to help your business.
- Business formation
- Recommendations regarding tax classification and the operation and management of the business
- Corporate record review and preparation
- Assistance with Secretary of State filings
- Employment contracts
- Partnership agreements, including partner or shareholder buyouts
- Succession planning strategies for transitioning your business to the next generation
- Mergers and acquisitions, including the sale of your business, or the purchase of new businesses and locations
- Coordination with advisors, such as accountants and financial advisors to maximize business strategies and have a complimentary team working together for your business needs
FREQUENTLY ASKED QUESTIONS
My business is just starting out. Do I really need an attorney to help set up the legal structure of the business?
Although every business is different, having the proper legal documentation in place from the outset of your business (such as Operating Agreements, Shareholders Agreements and Bylaws, and Stock Certificates) will ensure you have the proper legal structure to grow and govern your business with the confidence that your company is prepared to face the legal road ahead. No business owner wants to deal with having to go back and set up a legal structure for their company while in the process of selling the business, or when negotiating new locations, partners or opportunities. Let us help you choose and implement the best company structure for you from the start so that you do not have to worry about these issues in critical times for your business.
I've spent my life building my company and I want to keep it in the family, but I'm not sure how best to transition all that I do. Can I still keep some control if I give up my ownership?
When you've put years of time and effort into growing your business, the question of who will keep it thriving in the future can be intimidating. Thankfully, there are multiple methods and strategies available to consider which allow for varying degrees of control and timeline speed for the transition of your business to another. Planning ahead for your goals and your family and employees' needs allows for maximized tax and company structural benefits, while helping to relieve the stress of the “what if?”
I have been offered an employment opportunity with a company where one of the incentives is an ownership percentage in the company. I do not want to miss out on this chance, but how important is it that I have an attorney review the Employment Agreement provided to me?
Entering into a new position is an exciting time, both personally and professionally, but it is essential to not only protect yourself and your professional goals but also to be aware of all of the legal consequences you may be consenting to when you sign an Employment Agreement. Whether there are restrictive covenants (such as non-compete and non-solicit terms), voting right restrictions if becoming a partial owner of the company, or certain specifics to your compensation and availability terms, our team can help you navigate the intricacies of employment contracts to determine if this is the perfect opportunity for you, or if certain terms of the agreement should be negotiated for your benefit.
I want to sell my business. How long should I expect the process to take?
Selling a business is a multi-step process that begins long before you start seeking an actual buyer. However, if you do have a potential buyer in line, it is essential to take the time to make sure all of the purchase documents and formalities are in place to protect your investment and return on your business. Our firm would be happy to discuss with you the most common steps of the business sale process, along with the different types of sale structures available which may be most advantageous to you. Whether you hope to sell immediately or in the near future, we are happy to advise you on your options and the steps you can take to maximize your interest where you are now, and as you approach closing the chapter on this component of your professional career.
Are you considering opening your own business? Or are you not sure if the corporate documents you currently have match your business goals? Are you approaching a sale or purchase of a company? Our firm is ready to work with you to address your business needs, so please contact us to schedule a meeting with a member of our team.