Liability & Risk
One of the main reasons to formalize a business structure, e.g. limited liability company, corporation, or limited liability partnership, is to limit the liability and risk the owners face. However, what many business people fail to realize is simply forming your company by filing with the secretary of state may not be enough to fully limit their exposure to company liability and risk. There are a multitude of factors that effect a business owner’s ability to separate their personal lives from the business liability.
Our attorneys help our clients assess the structure of the business, including legal, operational, and physical or digital structures, and formulate and draft policies and procedures that provide the greatest possible limitations on liability for the client’s stakeholders, be it management, employees, or owners.
Some of the services we provide in liability and risk assessment include:
- Advise on corporate governance, e.g. meetings of the board of directors, shareholders, or members.
- Advise on drafting policies and procedures to limit the risk of non-compliance with laws and regulations;
- Drafting and reviewing contracts to ensure that our clients are as protected as they can be from onerous requirements by clients and vendors.
All businesses need to minimize their legal liability and risk. Our lawyers will assess the structure of your operation, such as its physical or digital space, the types of products you sell, who your client are, what type of entity you have filed under (LLC, Inc, etc.), and so on. From there, we will tailor a risk plan that we hope will allow you to worry less about risk and concentrate on growing your business.
In all of these matters, our goal is to give our clients peace of mind so they can focus on providing their products or services to their clients while trusting that they are as well protected as they can be if something goes wrong.