Business Law in Missouri

Springfield Business Lawyer Serving Springfield, Branson & Throughout Missouri

When it comes to business law, today’s business owners are often confronted with issues such as appropriate choice of entity, employment matters, state and federal filings, and real estate considerations. At Parks & Jones, a Springfield business attorney can assist clients in a variety of ways; from implementing the founder’s vision of the business to the orderly succession of ownership.

Entity Formation

The first step to building a successful business is formation of the proper entity. A Springfield business attorney from Parks and Jones can help ensure the first step is a step in the right direction. The choice of what entity to use for your business should be made with careful consideration to many factors including, but not necessarily limited to, taxes (federal, state, and local), number of partners, potential liability, nature of the business, and many other factors. Our experience in business law allows us to identify potential issues prior to them arising, allowing you to have plans in place to minimize their negative effects.

Business Succession Planning

Business succession planning ensures survival and growth of the business, preserves family harmony, minimizes taxes, keeps the business in the “right” hands, and facilitates retirement. This planning is vital for any business, providing proper safeguards that provide the owner/partner a proper exit strategy (in the event of sale, retirement, or death) and ensuring the business continues to thrive. Proper succession planning can make certain the owner/partner or his or her family is properly compensated for the owner’s/partner’s contributions to the business without putting major constraints on the ongoing success of the business.

In any business succession plan there are many competing interests at stake. Balancing the goals of the owners, the buyers or transferees, and the business can be difficult. It is important to have an unbiased party help manage these competing interests while ensuring everyone is fairly compensated throughout the process. A variety of options are available to provide viable solutions in most cases.

Contact a Springfield Business Lawyer Today to Create the Ideal Plan for Your Business

Contact us to schedule a FREE consultation  with a Springfield business lawyer to see what type of business law planning is right for you and your business.