Business litigation encompasses a wide variety of business-related legal matters ranging from the establishment of a trademark to settling a shareholder dispute. Litigation based on business agreements is notoriously time-consuming and expensive, so if you or a loved one are involved in a legal dispute concerning your business, it is important that you contact an experienced business litigation attorney who can protect your interests.
Business Model Types
There are two basic types of business models: limited liability companies (LLCs) and corporations.
An LLC is a business entity that limits personal liability for a company’s financial obligations. LLCs can be either member-managed or manager-managed. Creating an LLC also requires the drafting of an operating agreement and compliance with a series of complex tax and regulatory requirements.
Corporations, on the other hand, are legal entities with a strict management structure, which allows directors to oversee major business decisions and leaves officers in control of day-to-day business tasks. While income from an LLC is only taxed once, corporations must undergo double taxation.
The type of business model a prospective business owner chooses depends largely on the size and type of company desired. Obtaining the advice of a business attorney is vital in helping you choose the correct business structure for your needs.
Shareholder and Partnership Disputes
At Groth Law Firm, S.C., we aggressively represent clients who have been financially harmed due to the acts of business partners. Sadly, many of these company disputes involve family businesses. However, we attempt to solve as many legal issues as possible through mediation and settlement rather than going to court. In some cases, litigation is necessary, and in those cases we are ready and willing to protect our clients’ interests in the courtroom.
Breach of Fiduciary Duty
Business owners, officers, and directors all have a responsibility to perform certain duties competently and honestly, including the fiduciary duties of:
- Good faith and fair dealing; and
A failure to fulfill these duties can be financially devastating for a shareholder or business partner. Fortunately, an experienced attorney may be able to help you recover for the financial harm you suffered.
Aside from the above mentioned legal issues, we have also successfully represented Wisconsin residents in a variety of business-related legal matters, including:
- Breach of contract;
- Trademark disputes;
- Securities fraud;
- Establishing a franchise;
- Drafting operating agreements;
- Business dissolutions;
- Insurance disputes; and
- Drafting non-compete agreements.
At Groth Law Firm, S.C., we realize that small companies are not always financially equipped to assert their rights against larger businesses with more resources, so our attorneys often accept these cases on a contingency fee basis. This means that a client does not owe us anything until our firm recovers compensation from the adverse party.
Contact an Experienced Business Litigation Attorney Today
Litigation involving a business can be time-consuming and expensive. Whether you are considering forming a business or are involved in a trademark dispute, an experienced attorney may be able to help you settle the matter without going to court. Please contact one of our experienced business litigation attorneys at Groth Law Firm, S.C., at (877) 375-7001 for a free consultation.