Business Attorney Charlottesville, VA
When you have your own business, you need the legal help of a business attorney in Charlottesville, VA. They can help you with a range of business problems like business succession and if someone is suing your business. Business succession is a key component to any business regardless of size, and consulting with a business attorney in Charlottesville, Virginia is invaluable. Depending on the variables at play, there can be a variety of complexities that should be considered. Without a plan in place, you put your legacy at risk for not being carried out in the way that you would like. In addition, your family may be left to contend with determining how you would like your business to live on. When a business succession plan is appropriately planned and executed, complications can be mitigated, the business may be secured for the future, and succession can run smoothly. Failing to properly plan can result in a number of problems. Working with the law office of Dale Jensen, PLC may be key in alleviating some of the stress that comes with this process and mitigating problems.
Without a Plan for Your Business…
When developing a plan for your business you will need to make a number of considerations. Dale Jensen, PLC, a Charlottesville, VA business attorney, considers a variety of platforms such as your family, shareholders and business to ensure that your plan is comprehensive. Even if you are planning to pass your business on to an adult child, you will still need to put in place a succession plan to ensure nothing is left to the imagination. Without a business succession plan in place you are risking a number of problems:
- Choosing the wrong successor
- Changing interests: although certain family members may not express interest early on, down the road they may change their mind
- Successors are not successful in carrying out your business
- Family and business partners fight over succession
- Taxes are disregarded
- Confusion over who will take over
- Misuse of power by successor
When developing a business succession plan, business owners will need to consider accessing a variety of professionals. All aspects of the business will need to be evaluated. Speaking with family members, your business attorney in Charlottesville, VA, accountant, and financial advisors will be key to successful planning and execution.
Reasons for working with Dale Jensen, PLC
Failing to develop a clear plan of succession for your business can provide a variety of problems. You will want to make sure that nothing has been left out. There can be a number of complexities to business succession. An attorney, like Dale Jensen, PLC, who has experience in this area of practice is key in developing a plan and making sure that you have made all considerations. The law office of Dale Jensen, PLC, a Charlottesville business attorney, will:
- Make sure that you make decisions regarding all aspects of your business in the event of retirement or death.
- Consider business partners and the best way to incorporate them into the succession plan.
- Help you draw up a plan to carry out your legacy.
- Ask questions and gather as much information as possible.
- Listen to your values and incorporate them into your plan.
- Help you in balancing your family with your business plans.
There is no business too big or small that couldn’t benefit from a business succession plan. Whether you are looking to ensure that your business lives on for years to come, or you would like to dissolve your assets following your passing; a plan can give all involved peace of mind.
How a Charlottesville, VA Business Attorney Can Help If Your Business is Getting Sued
While running a business can bring many awards, it can also come with its share of risks. One risk of owning a business is the possibility of getting sued one day. Whether it’s due to a breach of contract or a disgruntled employee, dealing with a lawsuit can be incredibly stressful. However, it’s important to remain as calm as possible and take the necessary to steps to rectify the situation. Here is what you should do if you’re facing a lawsuit.
Call Your Charlottesville, VA Business Attorney from Dale Jensen, PLC
If you don’t already have a business lawyer, it’s time to consult with one right now. They can review the details of your lawsuit and advise you on the best way to proceed. Bring all the documents pertaining to your lawsuit with you to your initial consultation and be completely honest with your lawyer. Everything you say to your lawyer will remain confidential, so you shouldn’t feel embarrassed to tell them anything. The more information your lawyer has, the better they can help you.
Take the Lawsuit Seriously
Even if you know you’re innocent and that the person suing you has no grounds for a lawsuit, you should still take it seriously. If you try to ignore the lawsuit and don’t show up to the scheduled court dates, the judge could automatically rule in the plaintiff’s favor.
Don’t Discuss the Lawsuit With Anyone
Getting hit with a lawsuit is stressful, so it’s understandable that you want to vent to a friend or business associate about it. However, you should avoid talking about the lawsuit with anyone other than your lawyer. What you say could be used against you later on. If the people you speak to get subpoenaed, they will have to tell the court what you said.
Keep All Documentation in a Safe Place
If you have any video recording, photos, or other documents pertaining to the lawsuit, you should keep all of it. Don’t throw it in the trash or put it somewhere you might misplace it. These documents can help support your case and improve your chance of winning. Secure them in a folder and then put them in a place where they will be safe.
Keep Your Cool
It is understandable that you may feel very emotional during this stressful time. However, it’s important to keep your emotions under control so that you don’t do anything rash. Do activities that help you remain calm, such as deep breathing or meditating.
Contact Your Insurance Company
Defending a lawsuit can get quite expensive. Between court fees and legal fees, you could potentially be dealing with thousands of dollars in fees. That is why you should talk to your insurance company as soon as possible. They may be able to help pay at least a portion of your defense.
If your business is facing a lawsuit, speak with a qualified Charlottesville, VA business attorney as soon as possible.
Although it may seem daunting, business succession planning and business lawsuits can help to carry out your wishes or ensure that you are able to retire with a plan in place. Business succession planning is a complicated process that can come with it’s fair share of issues and complexities. Business succession can help to provide not only planning, but preventative measures to problems that may arise down the road. Additionally, having an attorney at the ready can be incredibly helpful if someone is suing your business. Contact Dale Jensen, PLC, a business attorney in Charlottesville, VA, to discuss the best way to initiate the process for your business.