Business Law

Mansfield Business Law Attorneys

Guiding Clients Through Business Matters in Bristol & Norfolk County

As a business owner, navigating the landscape of entrepreneurship can present a multitude of challenges. While many hurdles can be tackled yourself, the complexity of legal issues often requires legal help. This is precisely where our team of dedicated business lawyers in Mansfield can help. 

At Ostendorf Law Group, PLLC, we pride ourselves on providing comprehensive support to our clients. With our unwavering commitment and meticulous attention to detail, we strive to guide you through the intricacies of your business affairs, offering tailored solutions to meet your specific needs.

Contact our team online or call (508) 593-1408 to learn how our business law attorneys in Mansfield, MA, can assist you.

What Is Business Law?

Business law encompasses the regulations governing the establishment, operation, and administration of business entities. It addresses various aspects such as contracts, taxes, trademarks, business creation and closure, consumer protection, and much more. 

The objectives of business law are multifaceted. It promotes fairness in deals, protects rights, establishes ethical norms, and boosts economic stability through clear legal rules. Given the weight of responsibilities in establishing, managing, or dissolving a business, seeking advice from our experienced Mansfield business attorneys is important.

  • We maintain the highest ethical standards in our decisions, actions, and communications.
  • We have a heavy litigation background & winning success record.
  • We create personalized strategies to meet your needs.
  • We are accessible - when you hire us, you get us day or night.

Types of Business Structures

When establishing a business, it's crucial to consider the wide array of business structures available to you. Selecting the optimal business type involves finding a balance between obtaining the necessary legal protections while also reaping the associated benefits.

Business structures include:

  • Sole proprietorships: This type of business is an unincorporated business with a single owner, where there's no distinction between the business and its owner. The owner gets all profits but also bears full responsibility for debts and losses.
  • Partnerships: Partnerships are where there is a formal agreement between two or more parties to run a business together, sharing profits and liabilities.
  • Corporations: A separate legal entity from its owners, with similar rights and obligations as individuals. Corporations can make contracts, borrow money, sue or be sued, hire staff, own assets, and pay taxes.
  • Limited liability company (LLC): LLCs protect owners from personal liability for debts or liabilities. This type of structure combines corporate features with those of a partnership or sole proprietorship.
  • S corporations: S corporations allow passing taxable income, deductions, and losses directly to shareholders under the tax code.

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Why Is Hiring a Lawyer Important in Business?

If you're not currently involved in a business lawsuit, you might wonder why you should consider hiring a business attorney. However, there are numerous other compelling reasons to work with one, with a multitude of benefits for you to reap.

Benefits of hiring a business lawyer include but aren’t limited to:

  • Seasoned advice: An experienced business lawyer can provide your business with advice, aiding in understanding legal issues and offering guidance to navigate legal situations effectively.
  • Dispute resolution: Disputes are not uncommon in business, and a business attorney can facilitate dispute resolution by presenting legal options that are beneficial to all parties involved and promoting mediation and arbitration over costly litigation.
  • Legal compliance: Laws and regulations are constantly changing. A lawyer can help your business stay compliant with changes, offering support in avoiding legal violations.
  • Experience: A business lawyer can navigate the legal system, work towards protecting your rights, manage your legal disputes, and much more.
  • Avoid mistakes: A business attorney can help you avoid legal mistakes, leveraging their experience to steer clear of pitfalls that could threaten your business's profitability.
  • Contract review: A business lawyer can review your contracts, checking that they are well-drafted to prevent future disagreements or potential losses.

Choose Ostendorf Law Group, PLLC

When seeking guidance on a business matter, look no further than our devoted team of Mansfield business lawyers. With our experience and commitment, we provide comprehensive assistance tailored to your specific needs, helping you navigate the complexities of the corporate world with confidence.

Need help with a business matter in Bristol or Norfolk County? Give us a call today at (508) 593-1408 or message us online.