I advise small businesses on a broad range of legal matters, from the choice of business form to the
preparation of business contracts to the handling of commercial litigation. I can help you prepare the documents necessary to set up your business in compliance with North Dakota law.
Choice of entity
Depending on the size and type of business you start, you could be a sole proprietorship, a corporation, a partnership, or a limited liability company (LLC). Each of these types of businesses have different formal requirements and protections for you as an owner. Based on the number of owners and other factors in your planned business, we can show you the pros and cons of the various entities.Member/shareholder agreements
LLCs, corporations and partnerships should normally have a member or shareholder agreement that will govern the running of the business and the relationship between the members, shareholders, or partners. These agreements cover many contingencies that must be considered as your business grows and people are added or leave the company. In North Dakota, LLCs can be formed for ordinary business purposes or especially for farming.
Buy-sell agreements
Even with just two owners, a procedure should be selected to handle the situation where an owner
leaves for any reason. A buy-sell agreement sets out a fair way to resolve the payout so that the departing person is handled fairly, while at the same time the business is able to continue operation.
Contracts
Your business may be involved in many contracts. These should be in writing. We can help you with drafting an original agreement or help you negotiate a contract offer that you have received from someone else.
Business Law Attorney in Northwood, N.D.
If you’re just starting a business or have an issue related to your company’s day-to-day affairs, you need an attorney who understands how the law relates to your business goals. Attorney David Engen, of Engen Law Firm in Northwood, N.D., advises small businesses on all matters related to the selection of appropriate business form to drafting legally binding contracts to protect your interests. Set up a consultation to discuss your options with David today.
