Tennessee is ideal for starting, running, and growing a business. The Tennessee Secretary of State reports a continuous, year-over-year quarterly growth in new business filings from 2001 to 2021, and that trend has continued in 2022. Our Springfield business attorneys proudly serve Tennessee’s business owners, helping them to grow and protect their investments in companies throughout the Volunteer State.
Since 1860, our distinguished firm has stood by the people of Tennessee. For over 160 years, we have successfully run our business. Let us help you start and run yours.
Our Springfield Business Lawyers Provide Vital Business Formation Services
Forming a business is a thrilling endeavor, representing a time of opportunity. Our Springfield corporate lawyers have helped hundreds of clients start new businesses in a variety of sectors.
We enjoy working with new and seasoned professionals to learn about their vision and tailor a business formation plan that fits their priorities and budget. Past clients have appreciated how thorough and helpful we were when handling their business formation matters.
Partnerships are a common way for people to begin their entrepreneurial journey. There are multiple types of partnerships, from general partnerships to limited partnerships and more. It is imperative for partners to have a partnership agreement that outlines instrumental information about how you and your associate agree to run the business.
We understand the challenges faced by Tennessee business partners. Our team will help you develop an efficient and practical plan to protect your assets while allowing you the freedom to run the business as you see fit.
Limited Liability Companies (LLCs)
LLCs are a popular business structure for Tennessee entrepreneurs. These entities allow businesses to enjoy the liability protection of a corporation and the flexibility of a partnership. You can choose to have the members or the managers manage the affairs of the LLC.
Our Springfield business lawyers collaborate with you to develop a plan for how you envision the business operating. We will help you prepare and file the formation paperwork and draft the Operating Agreement, which provides critical guidance on the governance of the LLC.
Corporations are another hallmark type of business entity. They consist of the following:
- Shareholders, who contribute capital to the business and elect board members;
- Board of Directors, which manages and oversees the overall affairs of the corporation; and
- Corporate officers who run and manage the day-to-day operations of the business or different aspects of it.
The corporate structure provides critical liability protection and offers many opportunities for you to grow and develop the business. Shareholder agreements detail the relationship between the different shareholders and between the shareholders and the corporation. The bylaws provide essential information about how to govern the corporation.
Our Springfield corporate attorneys regularly assist clients in forming corporations. They have developed a deep understanding of corporate law throughout their decades in practice. Suzanne Marsh has gone a step further and focused her practice on assisting medical professionals with starting healthcare companies of all sizes.
Types of Business Litigation Matters Our Springfield Business Lawyers Handle
Commercial litigation takes many forms and, if not handled correctly, threatens to uproot your business. Our business law attorneys understand what is at stake and are here to help you. Cases we have handled include:
- Breach of partnership agreements,
- Commercial real estate contracts,
- Sexual harassment,
- Breach of employment agreements,
- Business bankruptcy,
- Employment discrimination,
- Wrongful termination,
- Commercial construction law, and
- Breach of contract.
We will diligently review the situation and any associated documents, then tailor a solution to help minimize your legal liability. We first attempt to resolve the dispute out of court to avoid unnecessary litigation costs. However, we are fearless in taking the case to trial if the other party refuses to budge or engage in meaningful negotiations.
Our priority is to advocate for and protect your best interests. At every stage of the case, we will consult you and help ensure that your priorities are at the heart of the matter.
The Importance of Contract Law in Running a Business
Contracts constitute the bedrock of all businesses, from how they are formed and run to how they stock their shelves and pay their employees. The importance of correctly wording and carefully reading your contracts can only be understated.
Our team reviews and drafts a wide range of agreements, such as:
- Commercial real estate contracts,
- Vendor agreements,
- Buy-sell agreements,
- Employment contracts,
- Operating agreements,
- Mergers and acquisitions,
- Stockholder agreements,
- Nondisclosure agreements,
- Franchise contracts, and
- HR documents.
We will talk with you to understand the reason for the contract and what you aim to achieve by having it in place. Then, we will draft an agreement that helps you obtain those goals and protect your liability.
We also regularly review contracts on behalf of businesses to help them understand the benefits and burdens of the document. This is a significant service for businesses because it can help them avoid signing contracts that are not in their best interest.
If another party fails to abide by an agreement, we will attempt to enforce the contract out of court. If this is not possible or fruitful, we are ready to file a lawsuit to protect your interests.
Batson Nolan PLC: Professional and Dependable Springfield Business Attorneys
If you are starting or currently own a business, give us a call today or contact us online to discuss your company’s vision and legal needs.
We have decades of experience supporting Springfield businesses and welcome the opportunity to help you. Our team of lawyers includes individuals with a wealth of personal and legal experience. For example, after joining the United States Navy, Matthew Ellis graduated from the Vermont Law School and has over 18 years of experience helping businesses in Tennessee.
Do I Need a Corporate Law Attorney to Start a Business?
You can file the formation paperwork with the Tennessee Secretary of State and run your business without a lawyer. But there are immense benefits to hiring a business lawyer to help you with the process.
Many business disputes are rooted in misunderstandings, often because the parties did not think carefully about their options or take the time to write things down. A lawyer helps ensure that the important—and potentially costly—matters are considered and addressed.
What Happens If My Business Partner Does Not Follow the Partnership Agreement?
If your business partner does not follow the partnership agreement, you may be able to file a claim against them. The proper course of action depends on the circumstances, the terms of the partnership agreement, and the applicable law. A business attorney can review your situation and provide tailored advice about what you can do next.
How Long Do I Have to File a Commercial Breach of Contract Case?
In many cases, you have six years to file a commercial breach of contract case under Tennessee law. It is essential to talk to a licensed attorney to help you meet this deadline. Your case may invoke an exception that lengthens or shortens the applicable deadline.
Our experienced lawyers also handle other legal cases, including: