The principals of any new business enterprise in Southern California or elsewhere are obviously running at full speed as they seek to deal with a wide universe of pressing considerations.

Here’s a threshold question that every fledgling business must immediately deal with, as noted on our website at the San Diego business law firm of Gallagher Krich, APC: What legal form should a start-up enterprise assume? There are a number of very important points to consider in any debate centered on the respective pros and cons of a corporation, partnership, limited liability company, family-owned enterprise or other business form.

And what about all those contracts that need to be identified, negotiated and carefully drafted? They can run a wide gamut, from purchase/sale contracts and employment agreements to nondisclosure pacts and myriad other documents.

Lease or rent space? How an Attorney Can Help

A key decision that many businesses must make at the outset of their new enterprise centers on whether it is more advantageous to lease or rent space for a company headquarters, manufacturing plant and other facilities.

For myriad and understandable reasons, that can be a very tough call to make, with the correct decision being critically important to a company’s bottom line.

An established business and commercial law firm like ours can work with a client to help ensure that all relevant considerations are addressed and dealt with regarding this high-level matter. Some companies might prefer to lease, owing to the comparatively smaller effect that a lease has on a company’s cash flow and balance sheet as compared with a real estate purchase.

Conversely, some entities might want to purchase property, knowing that they will save money over the long term and also reap the advantages of property appreciation and any rising market.

There are many other property-related concerns that touch upon the lease-versus-buy decision. A proven commercial attorney can help spot them and seek to ensure that a business owner takes steps that are in the company’s best interests.

Client Reviews

6/27/18, FindLaw.com

Rated 5 out of 5

We received a letter from an attorney representing an ex employee from years ago. This letter couldn’t have come at a worse time for our family. Although the ex-employee had no substance in their case and this was mostly a nuisance, we felt very vulnerable and unprepared. I reached out to a few lawyers for a quote and their retainer fees alone were deal breakers. When I reached Thomas Gallagher, he approached my case from a completely different angle and walked me through the many small steps we would take to get through this issue. Within the first conversation I felt like I had a plan of attack, an attorney I could trust, and that our family was protected. Our case ended up never going to court. In fact, Thomas was able to resolve the entire issue within a week. I am extremely happy with the results from this potential lawsuit, but even happier knowing my family and business is now protected by a lawyer than can get the job done.

anonymous

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