Business Contracts and Litigation
Here are a few of the specific areas in which we can assist:
Business Disputes and Litigation
Legal disputes are a fact of life in today’s economic and regulatory environment. The Schuller Law Office partners with you in navigating your business through this inevitable challenge. Whether you are prosecuting claims to enforce your rights or defending against claims brought against you, we will work with you to formulate, and then implement, a litigation strategy designed to protect your business interests and achieve your business goals.
Forming A New Ohio LLC (Limited Liability Company)
To start an LLC in Ohio, you must file Articles of Organization with the Ohio Secretary of State, pay a filing fee, and get an EIN from the IRS. Having The Schuller Law Office guide you through these steps correctly and efficiently will ensure that your business is created properly and legally. Having an experienced business attorney to counsel you through this process is always the best business decision you can make. If you are interested in forming an LLC in the State of Ohio, consult the Schuller Law Office today.
Preparing Operating Agreements For Ohio LLC’s
An operating agreement is a legal document that outlines the ownership structure and operating procedures of an LLC. Whether you are starting a single-member or multi-member. LLC, your operating agreement should address all of the topics below. Some of these stipulations will not have much bearing on the actual operations of a single-member LLC, but are still important to include for the sake of legal formality. The Schuller Law Office have expertise in preparing operating agreements and will properly guide you through this process.
- Organization: When the LLC was officially formed, who its members are, and how ownership is divided. Multi-member LLCs may utilize an equal ownership structure or assign various members different “units” of ownership.
- Management & Voting: Whether the LLC will be managed by its members or by an appointed manager, and how members will go about voting on business matters. Typically, each member has one vote, but you may wish to give some members more voting power than others.
- Capital Contributions: The amount of money each member has invested in the business. This is also where you should establish an approach to raising additional funds in the future.
- Distributions: How profits and losses will be divided among the members. The most common option is to distribute profits evenly. If you want them divided a different way, this should be detailed in your operating agreement.
- Changes to Membership Structure: How roles and ownership will be transferred in the event that a member leaves the company. It’s essential to lay out the process for buying out and/or replacing a member in the LLC’s governing document.
- Dissolution: If at some point all the members of your LLC decide you no longer wish to conduct business, you should officially dissolve it. Outlining the hypothetical process of dissolving your business is an important aspect of your operating agreement.
Preparation Of Buy/Sell Agreements
Buy/sell agreements enable business owners to plan their company’s future and prepare for unexpected events. These agreements may assign ownership, set mechanisms for valuing a company’s shares, dictate buyout terms and outline how the company is to be managed. These detailed plans help eliminate surprises and minimize potential disagreements down the line that could have a profound impact on the success of a business. It is always prudent to consult an experienced business attorney, like Jim Schuller, to assist in the creation of buy/sell agreements that can shape your business future.
Disputes Between Partners And LLC Members
What are your rights when you and your partner decide to split? The partners’ rights and obligations vary depending on whether they structured their business entity as a partnership, corporation, close corporation, limited liability company or limited liability partnership and the rights and obligations set forth in their partnership, shareholder or member agreement — if any was signed. Many of these rights and obligations are similar regardless of the nature of the business structure. If you are going through a dispute among your partners or LLC members, consult The Schuller Law Office to help you navigate these uncertain waters and protect your rights and business interests.
Contact The Schuller Law Office Today
If you’re interested in forming an Ohio LLC or corporation, or you are involved in a business or partnership dispute, call today so we can learn more about your specific situation.
Call us at (419) 535-0311 or fill out our free case evaluation to speak with attorney Jim Schuller today.