Should you use an online legal form company for your business?
Unfortunately, corporate law is absolutely not a form practice. Online form companies are not the same as a law firm, and more importantly, they cannot give you legal advice customized to the individual needs of you or your business. LegalZoom’s disclaimer expressly states: “LegalZoom is not permitted to engage in the practice of law. LegalZoom is prohibited from providing any kind of advice, explanation, opinion, or recommendation to a consumer about possible legal rights, remedies, defenses, options, selection of forms or strategies.” The disclaimer even says that LegalZoom’s information is “not guaranteed to be correct, complete or up-to-date.”
A common nightmare resulting from poorly prepared corporate documents arises in the context of “business divorces.” There are certain questions that cannot be addressed by a standard online form. What are the owners’ day-to-day roles? What constitutes a “fundamental” change in the corporate purpose? What happens when the one owner decides to retire? What do the owners do when they are deadlocked on an important decision? How do they break a tie? What if someone is buying into a business that was established 15 years ago? What do owners do when one owner wants to sell his interest to a third party? What recourse does one owner have if he discovers that the other owner has started a separate entity that is stealing business opportunities from the company? These types of questions are among the hundreds of issues that simply cannot be solved by downloading a form online and filling in the blanks. These are, however, issues that can be addressed in governing documents which are properly prepared after a thorough discussion with the individual owners.
Each and every provision in a corporate document can and should be unique to an owner’sbusiness. Every business owner needs to put the same time and care into preparing corporate documents as they would into any other aspect of their business. More often than not, it is more cost effective to address the anticipated issues with competent counsel rather than taking the perceived “less expensive” short cut. If you are interested in forming a new business or evaluating your business’s current documents, please seek the advice of counsel to ensure your goals are attained. The attorneys at Waldron & Schneider would be happy to assist you.
The legal information in this blog entry is not intended to be a substitute for seeking personalized legal advice from an attorney licensed to practice in your jurisdiction. Further, nothing contained in this article is intended to create an attorney-client relationship with any reader. This article and website are made available by Waldron & Schneider for educational purposes only and to give basic information and a general understanding of the law, not to provide specific legal advice. By using this website you understand that there is no attorney client relationship between you and Waldron & Schneider. The article and website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. For more information or questions you can contact us and one of our attorneys will be in touch soon.
Waldon & Schneider would like to recognize and thank all our professional administrators for their hard work and dedication. Thank you all for what you do!!!
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Partners Kimberly Bartley and Vanessa J. Maduzia attend the Second Chance Pets Gala where Waldron & Schneider, PLLC was a proud sponsor.
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Despite being a cloudy day, the staff of Waldron & Schneider had a great time viewing the eclipse in between the clouds with their solar eclipse viewing glasses.
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Associate attorney Collin Bullard writes about post marital agreements in his blog.
www.ws-law.com
Post-marital agreements may additionally be referred to as postnuptial, partition, or exchange agreements, depending upon the source.1 CommentComment on Facebook
After 40 years as a crab fisherman, I added a new chapter by working at a fish plant. Despite my love for playing the lottery, winning was a problem until I found Lord Bubuza's lottery spells online. I was Skeptical at first, but my wife Nancy encouraged me to try him. I Followed his instructions and provided his requirement to cast the spell, I played Lotto 649 with the numbers he gave me. To my surprise, I won $64 million, Nancy and I traveled to Moncton to claim the prize, and I'm now retiring from fishing, I'm grateful for Lord Bubuza's lottery spell. For those seeking lottery success, I recommend him. Contact him at lordbubuzamiraclework@hotmail.com or WhatsApp: +1 505 569 0396
Associate Attorney Collin Bullard writes about enforcement of an unwritten contract in his blog.
Enforcement of an Unwritten Contract
www.ws-law.com
Under Texas law, these “oral contracts” are enforceable with the same legal requirements as a physical contract.0 CommentsComment on Facebook