Chicago Commercial Lawyer
Illinois Business Attorneys
Motiva Business Law Offers
What is commercial law?
Can a Commercial Lawyer help me?
Business contracts and legal documents
Mergers and Acquisitions and Business Transactions
Why does your business need a commercial lawyer
- Make informed decisions: Before investing in a deal, ensure you understand the implications of the agreement and that the terms are written in your best interest.
- Prepare your company for expansion: If you are aiming high, you need to make sure your company is ready for whatever comes. A commercial attorney will help you structure your business so it can easily attract investors and continue growing.
- Avoid disputes and legal issues: Prevention is your business’s best ally. With the right contracts and protection measures, you will avoid lawsuits and save time and money in disputes.
Contact Motiva Business Law’s Commercial Attorneys
Commercial Law FAQ
A commercial attorney helps companies navigate the complex legal landscape to ensure compliance with regulations and to protect their interests. Also called business lawyers, they specialize in providing advice and assistance to businesses on a wide range of corporate matters, such as contracts, business transactions, mergers and acquisitions, franchises, employment law, and other legal aspects related to running a business.
Although it is not legally required for a lawyer to write a contract, an attorney will ensure that your agreement is valid, it has fair terms, and it protects your interest. The experience of a commercial attorney will allow her to foresee potential risks and add provisions to minimize them.
Selling your business without a lawyer can bring serious consequences, such as:
- Improper documentation: You risk signing unbinding contracts and not having the necessary paperwork to adequately transfer the ownership of your business to the buyer.
Legal compliance issues: Selling a business involves complying with various laws and regulations. A lawyer can ensure that the sale is conducted legally and in compliance with all relevant laws, avoiding fines or legal penalties.
Financial risks: You may sell your business at a lower price than its real value or, if deciding to finance the business, you may not acquire the full payment for your company. Besides, you risk failing to comply with your tax obligations.
Disputes and litigation: Without legal representation, you may be more vulnerable to disputes with the buyer, employees, or other stakeholders. This could result in costly litigation and damage to your business reputation.