Dallas, Texas Business Law Attorneys Assisting With The Drafting Of Corporate Agreements And Bylaws
Corporate agreements and bylaws form the system under which a business operates. They also govern the relationship between the business and its owners – whether they are shareholders, members, or partners. Without a solid system and structure in place, then a company may very well be doomed before it opens its doors. It is important that various organizational issues be considered and prepared for in advance. Hiring a business law attorney who understands such issues is crucial in getting things off on the right foot and to avoid disputes in the future. The Dallas, Texas lawyers at The Johnson Firm have extensive experience in litigating over company agreements and bylaws when disputes arise. Knowing the problems companies face over poorly written agreements gives our attorneys a distinct advantage in drafting and analyzing corporate contracts and bylaws on behalf of companies. Contact our office today to schedule an initial consultation.
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Lawyers assisting Dallas companies in drafting corporate charters and resolutions
One of the most important start-up activities is the preparation of the company’s organizational and corporate governance documents. This is true whether a business is structured as a corporation, a limited liability company, or a partnership. Depending upon the structure, a company may have a Shareholders’ Agreement, Operating Agreement, Partnership Agreement, Bylaws, Articles of Organization, etc. There are a number of issues which should be governed by such documents. These include memorializing ownership percentages, the process by which new owners may be brought on board, the requirements for capital contributions, how owners will be compensated, and the process for removing an owner through a buyout provision. They should also include processes for making important company decisions, such as requirements for meetings, voting rights, whether an action can be taken in writing, and which issues require unanimous consent of the owners. Further, the documents should address dispute resolution procedures in case a disagreement arises in the future. Failing to do so can cripple a company’s operations if, for instance, the owners have reached an impasse on an important company decision.
Businesses that do not have these issues clearly defined often find themselves embroiled in an expensive and lengthy partnership dispute or shareholder litigation. Such pitfalls can be avoided by retaining counsel to assist in the drafting of agreements that address these possibilities and ensuring the issues are understood by all involved. Experienced business counsel can advise you on both common problems that such documents typically address and customize provisions that are unique to your business.
Our Dallas Metro area lawyers assist companies throughout Texas in the creation of business agreements, bylaws, and other governance documents. Once retained, we will work to understand your goals for the company, your desired management structure, and issues surrounding your workflow so that your business is structured in a way which prevents problems while maximizing your efficiency. Our attorneys take a collaborative approach to problem solving and this allows us to consider all possibilities when determining which situations need to be factored in. We provide practical business advice that is relevant to your company. We understand that business owners wish to focus on their operations. We make the law our business so you can focus on the running of your business. We also serve the areas of Plano, Frisco, McKinney, Denton, Fort Worth, Garland, Irving, Austin, Houston, San Antonio, Nacogdoches, Lufkin, and Center, Texas.
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Dallas, Texas attorneys with an understanding of company bylaws and partnership agreements
Price L. Johnson is a Certified Public Accountant as well as an attorney. He has been dealing with businesses of all sizes in the Dallas, Texas area for decades. This business background assists us in looking at your situation with genuine understanding and offering answers that fit your needs. Today’s economy is changing rapidly, and this means that the needs of companies are changing as well. Hiring an attorney who is not experienced in this area of law can result in a disaster. We strive to ensure that the vision of your company is realized and will help you structure it accordingly. Call our lawyers today to schedule an initial consultation.