Business Law FAQ
Insight from a Business Law Lawyer Rockville MD Trusts
Daniel J. Wright of the Law Office of Daniel J. Wright is a business law lawyer Rockville MD professionals turn to for legal advice and assistance with legal disputes. He is available to address your questions and concerns related to business law. Below you will find common questions people ask in this area.
What is business law?
Business law involves many codes, rules, statutes and regulations that are created to provide a legal framework for how business should be conducted and managed. A business law lawyer Rockville MD community members rely on typically handles the following types of cases:
- Business planning
- Business negotiations
- Acquisitions and mergers
- Business organization and formation
- Business contracts
If you are seeking legal help in any of those areas, as a business law lawyer Rockville MD locals recommend, Daniel J. Wright can help make your business a success.
Why do I need a Rockville MD business law lawyer?
Although very rewarding, owning and running a business demands a lot of energy and perseverance. There may not be enough time to deal with all the legal aspects when there is so much more that needs to be done for your business. At the Law Office of Daniel J. Wright we can handle the legal aspects of your business so that you can focus on the day to day operations of your business. Daniel J. Wright is a business law lawyer Rockville MD residents choose to handle the follow issues on their behalf:
- Mergers and acquisitions
- Business formations
- Employment labor laws
- Contract negotiations
What should I consider when choosing the company type for my business?
There are five basic structures that most businesses fall under that will structure how the business is operated, organized, and taxed. Every structure type has its pros and cons. Speaking with a business law lawyer in Rockville MD can help you determine what form may be best for your business. The different structures include:
1. Sole Proprietorship: This is the simplest business structure and allows an individual to conduct the business as an individual. This means that the owner and their company are viewed as one and the same. Even though this is the simplest way to begin a business, this form does not protect the owner from business liabilities.
2. Partnership: This is offered for businesses that have more than one owner. Under this structure there are two types: limited partnership and general partnership. It is important to know that under this plan, the owners maintain personal liability for the business.
3. Corporation: This established a company as a separate legal entity. There are two types that you can choose from: C-corporations and S-corporations. A knowledgeable lawyer can explain the differences between the two such as tax differences, shareholder restrictions and much more.
4. Limited Liability Company: This is a legal entity separate from the owners, however, it allows for owners to report business losses and gains on their personal tax returns. The owners are protected from business liabilities as well.
If you are looking for a business law lawyer Rockville MD entrepreneurs and business owners can rely on, you should consult the Law Office of Daniel J. Wright. For decades lawyer Daniel J. Wright has been serving a full range of clients’ business and commercial needs. Guided by extensive knowledge, direct experience, and a passion for business law, our team has built a solid reputation for excellence in the quality of our services and counsel. If you would like to speak with a Rockville business law lawyer, please call 301-655-8130.
Services of a Business Law Lawyer in Rockville MD
The Law Office of Daniel J. Wright has been structured to meet the needs of clients in the most efficient manner possible. Companies and corporations of all sizes call upon us to develop creative solutions to complex, and highly intricate, challenges. Many clients require legal needs that encompass several different legal categories which is why Daniel J. Wright is capable of practicing the following core specialties:
- Antitrust and trade regulation
- Corporate organization
- Commercial contracting
- Corporate financing and/or securities
- Commercial financing
- Corporate compliance
- Business venturing
- International trade and supple
- Investment management
- Government affairs
- Franchise and distribution
- Mergers and acquisitions
- Investment services
- Venture capital
- Tax credits
- Tax exempt status/organizations
- Business mediation and dispute resolution
- Copyright/trademark/patent filing
Your needs may extend beyond the aforementioned. If this is to be the case, a business law lawyer Rockville MD has to offer can assist in coordinated legal counsel for matters that could affect or result from a business need or endeavor.
The Law Office of Daniel J. Wright is Committed to Clients
As a business law lawyer Rockville MD provides, we understand that many of our clients operate in a cutting edge world of business affairs. With this in mind we work hard to satisfy their rapidly changing demands and any regulatory challenges. When you choose a business law lawyer Rockville MD respects, like Daniel J. Wright, you can expect things like:
- A trusting client/lawyer relationship
- Honest and transparent legal advice
- Competitive forces against the most complex matters
- Responsiveness and efficiency
- Dedicated advocacy
Schedule a Consultation with a Business Law Lawyer Rockville MD Resident’s Have on Their Side
Daniel J. Wright has been named as one of the Top 100 Trial Lawyers in 2013 and 2014, and has a 10 out of 10 rating on Avvo. He has extensive career accomplishments that continue to assist him as he navigates the intricacies of business law. When you work with Daniel J. Wright, you can feel confident in knowing your business needs are in good hands. The following businesses benefit from our lawyers and law firm:
- Service businesses
- Merchandising businesses
- Manufacturing businesses
- Hybrid businesses
- Sole proprietorships
- Limited Liability Company
While you can do a lot of legal business work on your own, it is not advisable unless you understand the laws, rules, and legislation. At the bare minimum, you should always have a lawyer review your legal documentation or findings to verify that it can be upheld by a US court.
If you would like to schedule a consultation with Daniel J. Wright, a business law lawyer Rockville MD trusts, please call 301-655-8130.
Who can help me?
If you are just getting started with your new business, it may be wise to seek legal guidance every step of the way. Daniel J. Wright of the Law Office of Daniel J. Wright has more than 35 years of experience helping businesses. Call us today at 301-760-3387 to receive a free consultation with a respected business law lawyer Rockville MD offers.
The Four Types of Contract Breaches
A breach of contract has the potential to destroy professional relationships. These difficult situations are often unexpected. In fact, you may never have anticipated needing the legal services of a business lawyer in Rockville MD. However, if one party does not uphold their terms of the contract, it can impact your company financially as well as its brand.
In an ideal world, every time two parties decide to enter into a contract together, things go well and the intended goal is obtained. Unfortunately, this is not always the case for many contracts. Even when entered into with the best of intentions, a contract might be breached. Here we cover the four types of a breach of contract:
1. Minor Breach
This type includes a partial breach, in which the duty was performed but not to the expectations described in the contract. It is possible for the non-breaching party to sue the breaching party for these errors. You can sue for financial damages or request the mistakes are fixed. A business lawyer in Rockville MD can provide you with legal guidance during this process.
2. Fundamental Breach
This is a more serious level of breach of contract. The other party can sue for financial damages in addition to enforcing the original agreement conditions. For example, if someone were to rent an office space for his or her business but on the day the office is supposed to be empty and ready for use, someone else is still occupying it. The landlord has committed a fundamental breach of contract regarding the lease agreement. With the help of a business lawyer in Rockville MD, you can file a lawsuit for damages and the agreement as described in the contract.
3. Material Breach
The breaching party has completely failed to uphold their duties as described in the contract. A material breach of contract is the most serious of the four types. The non-breaching party can work with a business lawyer in Rockville MD to recover their damages from the other party. An example of this would be if a worker performed their job as described in the contract, but the other party failed to pay them.
4. Anticipatory Breach
This is applicable to situations where one party claims the contract will break before it is actually broken. An anticipatory breach is one in which it is obvious the other party in the contract will not be able to uphold their end of the deal within the agreed upon time. If the deadline for a job task to be performed is due tomorrow, yet the other party has not even started, damages for anticipatory breach can be filed because there is no way they can finish the job in time. Consult a business lawyer in Rockville MD to discover if this is a viable option for you.
Contact a Business Law Lawyer Rockville MD Professionals Rely On
If the work or goods are defective, there is a non-payment, or a breach in warranty then the non-breaching party can seek compensation for damages. Many people choose to get legal advice from a business lawyer in Rockville MD before, during, or after a contract agreement. Most law firms offer a free case evaluation, which can be an excellent resource for people who are trying to decide if they experienced a breach of contract.
Thank you so much to the supportive attorneys at the Law Office of Daniel J. Wright for their insight into contract breaches.