Business law includes all of the local, state, and federal laws and regulations that impact how business owners must govern, run, manage, buy, sell, or dissolve a business.

Many businesses begin as sole proprietorships, but as they start to expand they realize incorporating their business may be the favorable choice.  When is the ideal time to incorporate your business? Below are some of the common situations when businesses decide to make the switch.

1. Before signing contracts
2. Before hiring employees
3. Before adding partners or co-owners
4. Incorporating early to reap the benefits, such as increasing credibility,  tax advantages, and easier access to funding

If your business is in trouble, hiring the right business/lawyer can help protect your personal asset from creditors, negotitate more favorable contract terms, if needed, help you wind down and liquidate the business on favorable terms.

There are many factors, both- personal and business-related,  to consider when you select the legal structure of your business. 

Some common types of business entities you might consider include:

• Sole Proprietorship
• Partnership
• LLC
• C corp
• S corp
• B corp
• Nonprofit

Ralph F. Munyan Attorney at Law can advise you on what entity may be right for your business.

It depends. There are business risks that every business owner will face including business debt, employee claims, product and professional liability claims. Ralph F. Munyan Attorney at Law will work closely with you to reduce and manage those risks to the extent possible.