Transaction attorneys are attorneys that specialize in the area of business law. They also have an expert status in the drafting, execution, and administration of such important business documents as deeds for real estate, employment contracts, merger documents, and even in the transfer of intellectual property and trademarks from one entity to another. In other words, any type of transaction or series of transactions that impact the ability of the entity to function within the perimeters set by the laws of the land would be well understood by a transaction attorney.
Your accountant is an integral part of the success of your business, and his or her advice regarding financial and tax matters may be invaluable. But when you are trying to determine the appropriate entity for your company — LLC, S-corp, C-corp — you need an attorney. The tax-saving advice an accountant gives you regarding entity selection may result in a limitation of legal rights and options.
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Purchase or sales agreement - including buying or selling a business, as well as contracting for goods or services
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Shareholder agreement
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Partnership agreement
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Operation agreement
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Commercial leases - including representing commercial landlords and commercial tenants
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Business contract
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Employment contract
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Termination agreement
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Business successions
The advantage of a transaction attorney is that a great deal of knowledge and skill come into play that will keep the client from dealing with difficult issues down the road, when it comes to commercial property acquisition or ongoing business contracts. Many can attest that a competent transaction attorney will easily spot irregularities and thus save the client more money than the attorney’s fees could ever equal.
Transaction attorneys also assist existing companies with restructuring for reasons related to tax, business succession, growth, and elimination or addition of partners and investors. When businesses are dissolving, Transaction attorneys help the owners handle shareholder issues and liquidation and transfer of assets.
