FOCUS ON BUSINESS LAW
Starting a business requires a lot of planning, and an Austin business attorney can prove to be invaluable. Some things to think about are: financing, defining expectations, limiting personal liability, and generally understanding the extent of what is legally required and advisable before undertaking any endeavor.
Creating a liability limiting entity may be the difference between no personal liability and unlimited personal liability. The Coonley Firm will help you understand the differences between the various entities and their advantages and disadvantages, including tax treatment.
A valid contract is by definition a legally binding agreement. Prior to assenting to any arrangement, you should be properly advised and guided by an Austin business attorney regarding the ramifications of its terms. Many form documents, especially those from the internet, may not be suitable for your needs or protective of your interests.
Properly structured transactions take into account elements of tax, financing, management, succession, estate and potential future growth planning. Each element must be properly considered to determine the best comprehensive structure for your Austin business.
Buying or Selling
Many considerations are involved in the sale or purchase of a business including: asset vs. stock sale, employee transition, due diligence, pre and post agreement obligations, and non-competition clauses. In addition to basic considerations, it’s important to not leave your livelihood up to chance. You deserve an experienced transactional attorney.
The Coonley Firm will advise you on the various aspects of obtaining funds to allow your Austin business to grow. Additional funding, which may be in the form of loans, capital contributions from existing owners or third parties, or from non-traditional sources (such as crowdfunding) all require consideration of the resulting duties between those financing, owning and managing the business.
The Coonley Firm will review your existing written agreements and determine whether modifications or additional documents are recommended to deal with anticipated future conflicts. Written documents setting forth obligations and expectations are advisable to formalize oral arrangements and avoid misunderstandings.
The approach of the Coonley Firm is to resolve conflict in a manner which utilizes a community based common sense approach relying on negotiation, mediation and other non-litigation alternatives. An objective analysis of the conflict will often result in resolution prior to embarking on a path of costly litigation.
Proper planning must answer the question of what happens to your business after you are no longer making the daily management decisions. This involves analysis of the next generation of owners and managers and how a transition may be accomplished in a tax favorable manner. This type of planning often intersects with estate planning and may involve retained rights of the current generation, such as a right of first refusal or right to re-purchase, and/or right to receive economic benefits.
Initial Consult Gaurantee
The Coonley Firm will gladly set up an appointment by phone, video conference, or in person for up to one hour in order to discuss and offer solutions to your situation. The Coonley Law Firm Guarantees you will be satisfied with your consultation.
Flat Fee Rate Availability
The Coonley Firm will provide a fixed price for many routine matters such as entity formation, document preparation, and contract review among other legal necessities. Please review the popular 1 2 3 service option as well as the Monthly Retainer option to see if either of these options are conducive to you. Additionally, the Coonley Law Firm will provide firm quotes for almost any combination of legal services, and as always, your Satisfaction is Guaranteed.
Flexible Payment Options
Sometimes legal bills can mount quickly. The Coonley Firm is small business friendly and will work with you to develop a payment schedule that takes into account your business needs.
Short-term Retainer Agreements
The Coonley Firm understands that when starting a business for the first time, you will have many questions and concerns and typically be on a strict budget. The Coonley Firm understands that when starting a business for the first time, you will have many questions and concerns and typically be on a strict budget. The Coonley Firm wants to be your go-to source for important early-stage issues and decisions and therefore offers retainer agreements for first time Austin business owners that last for a month or less.
If you are unhappy with the services provided by the Coonley Firm for any reason you will be refunded any remaining prepaid money and your file will be promptly returned to you. If you feel that you have not received great value, the Coonley Firm will do everything in its power to make it right with you.
Please read our Client Guarantee.
Often, people with great ideas or the ambition to go into business for themselves elect not to do so because they are afraid of the financial commitments or risks associated with such an endeavor. The Coonley Firm is designed to help those with the aforementioned aspirations to obtain legal guidance. The Coonley Firm will leverage real word experience and legal expertise to help you navigate the small business world using a community based common sense approach.
He holds a degree in business management, a minor in psychology and a certificate in international business. He attended the Drake University School of Law in his home state of Iowa where he earned his Juris Doctorate with a certificate in business law. John moved to Austin following law school.
John has started or been a partner in six businesses, including in the following industries: commercial photography, consulting, vending, and merchant services. The most recent area of interest for John is crowdfunding. John has worked as a personal trainer, and enjoys leading an active lifestyle which includes participation in organized sports and pursuing various physical challenges. John is an active member of Austin’s Young Men’s Business League (YMBL) where he has participated in planning various events and functions, with the ultimate goal of bettering the Austin Sunshine Camps, an organization focused on helping Austin’s underprivileged youth.
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*By contacting the Coonley Firm, Pllc you have not established an Attorney/Client relationship and neither party will have any duty or obligation to the other. Further, Attorney/Client privilege may not apply.