Business lawyers and lawyers may advise you on how to organize your business properly (either through a sole proprietorship , partnership, joint venture, corporation), how to handle disputes that may have occurred during your business operations, or how to dissolve the business. With regard to the latter, it is worth mentioning that here in Toronto I have and are dealing with a number of business dissolutions (maybe it’s the poor economic times?). There are a variety of problems that occur that you do not know (i.e., unless you are an attorney and you are frequently educated in and deal with these things). Those issues typically include: Checkout Business lawyer near me.
Corporate Assets Division.
Corporate responsibility-particularly the lease, supplier agreements, job agreements and tax obligations.
Dissolving the business by preparing the necessary paperwork (e.g. bookkeeping, taxes, government forms).
Ensure compliance with internal documents of the business ( e.g. partnership agreement, corporate by-laws and resolutions, shareholder agreements, and incorporation articles, etc.).
Informing clients (both past and present), employees , and other stakeholders about what’s going on with the business.
At the end of the day you will probably need a number of documents and agreements prepared by a business lawyer to help supervise the dissolution of the business. For example, you should have an attorney explaining the different options and then drafting some sort of dissolution agreement for all parties to sign on. Next, you may need your lawyer to draft and/or negotiate for landlords and suppliers to terminate and release liability agreements etc. Finally, the lawyer may be asked to prepare paperwork for the government to send to dissolve the company. Finally, if business partners challenge the steps along the way towards dissolution and dispute them, then lawyers may also be called upon to try to negotiate a settlement or to resolve the issues through litigation.
In any case, you definitely should consult with a business lawyer before trying to do any of these things yourself. In the long run, doing so will save you time , money and aggravation, and ensure your rights are protected and your interests advanced.
Additionally, business lawyers and lawyers can help you understand your legal rights and obligations regarding your business. They can tell you if a particular course of action can be challenged by (1) infringing a private contract, (2) giving rise to possible tort liability and/or ( 3) infringing a government-established statute or regulation.