Of key importance to any business: the buy-versus-lease option

Oct 6, 2015 | Small Business Tips

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.

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We had the pleasure of speaking with Troy for a contractor issue we had recently. He is smart, patient, empathetic and basically the lawyer we would want to be our side for (may God forbids) any legal assistance or battle we need! The interaction we had with him was “free of charge” but we already felt his dedication and concern (he took the time to reach out and follow up on how he can assist us further) which busy lawyers would normally ask their admin or assistant to do so on their behalf. We will be sure to contact again Troy, if need be! Thank you!!

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August 13, 2021

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July 18, 2020

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