Cary, NC Business Attorney Case Illustration
Miguel graduated with his DVM five years ago, opening up his own professional veterinary practice immediately following the completion of his degree. As a young professional with little experience in the field, Miguel was unsure of how to establish a successful practice. After speaking with a mentor, he decided to seek assistance from a Cary, NC business attorney to ensure that all common pitfalls associated with starting, owning, and operating a business were avoided. He worked closely with his attorney to establish a PLLC for his practice, navigate tax issues, and ensure regulatory compliance with North Carolina law. Using the business plan he developed with his legal counsel, Miguel has paid back his business loan and now enjoys a gross revenue of $600,000 per year. He has added one veterinarian to his practice and established a valid, enforceable employment agreement to govern this relationship.
At NC Planning, we believe in the potential of an idea and work closely with entrepreneurs and professionals in Cary, North Carolina to establish their businesses. Using our decades of experience, we provide legal guidance on a range of legal business issues, including formation, taxation, and succession. To learn more about how we can optimize the success of your business, consider contacting our office at (919) 900-4720 today.
Types of Business We Serve
With combined decades of experience in business planning, corporate law, and financial advising, we work closely with entrepreneurs and licensed professionals to establish and expand their companies. We are proud of our wide breadth of knowledge and ability to provide legal guidance to businesses at all stages, from start-ups to established corporations. Having formed a team of corporate litigators, certified public accounts (CPA), estate planners, and intellectual property advisors, our Cary, NC business attorneys have the experience necessary to expertly handle a range of businesses across industries.
In addition to traditional businesses and startups, we also work closely with licensed professionals to create and grow their practices, including:
- Dentists
- Veterinarians
- Attorneys
- Doctors and therapists
- Social workers
- Architects
While this list is not comprehensive, it emphasizes our strong and diverse background in serving businesses across industries and professions. We bring our unique skill set to every business transaction and negotiation that we encounter, working diligently to uphold the interests of our clients at every step.
What We Do: Comprehensive NC Planning Services
At NC Planning, we offer a wide range of comprehensive business planning services to our clients. What sets us apart from other firms is our ability to handle all pertinent legal and financial matters in-house, making us a full service corporate counsel and business planning law firm. Our comprehensive NP Planning services include the following:
- Business acquisition
- Startup formation
- Succession planning
- Asset protection
- Business and corporate planning
- Professional practice planning
- Tax planning
- Contract and agreement formation and negotiation
- Trademark licensing
We provide general counsel and consulting services for business owners and entrepreneurs, tailoring our services to fit your needs. We proactively screen for potential legal issues, complete regular compliance checks for established businesses, and provide reliable financial advice to avoid costly mistakes. As a business owner, you understand how significantly your decisions, policies, and planning strategies influence your ability to grow and sustain your company. In essence, we work to optimize those decisions to ensure your long-term success.
Business Lawyers and Professional Practice
We offer tailored services to individuals engaging in professional practice. North Carolina maintains a specific set of laws governing professional corporations and the establishment of professional practices in the state. According to the Professional Corporation Act § 55B-2, a professional service is one that requires licensure from an appropriate licensing board in the state. In order to establish a professional practice, at least one of the individuals incorporating the business must hold a relevant license in their profession. Additionally, it is often necessary to secure certification from the appropriate licensing board stating that the business is acting in accordance with compliance rules and requirements set forth in North Carolina law.
As such, individuals looking to establish a professional practice must adhere to unique rules and regulations when forming their business, leading many to seek assistance from an experienced Cary, NC business attorney. Fortunately, established professional practices are afforded certain protections and benefits that safeguard the practitioner. These protections can become important when issues of malpractice, liability, or tax obligations arise.
Our team of business lawyers collaborate with professional practitioners to establish or grow their practice, accounting for these unique rules and regulations at every step of the process. Through our focused guidance, we allow you to focus more on your practice and less on the legal responsibilities surrounding your business.
How To Choose the Right Business Attorney For Your Practice
If you are just beginning to form your business, the decisions you make now will influence your success for years to come. If you are considering expanding your practice or company, your acquisition strategies will greatly impact your ability to sustain growth. For these reasons, it is essential to choose the right Cary, NC business attorney for your firm. Before reaching out to prospective lawyers, consider why you need a business attorney and the types of services you will require from your legal counsel. This will help you narrow down your options and focus on the law firms that can help you reach your business goals.
Be thorough when vetting potential attorneys and consult with multiple law firms before making a decision. Moreover, ask questions that will help you gauge their experience and expertise. Initial consultations are often the right time to ask these questions and compare answers. The following questions can be helpful when choosing the right business attorney for your practice:
- Which business structure would most effectively help me meet my goals?
- How do I limit my personal liability within my business operations?
- What should I include in my bylaws and company agreement?
- Are there compliance issues that my business must adhere to?
- Do I need insurance for my business? If so, what type(s)?
- What contracts will I need to accomplish my business goals? Does your firm assist with contract formation?
- How should ownership responsibilities be established?
- What other risks should I take into consideration?
It is also important to note that the way you choose a business attorney will depend largely on your current needs and future objectives. If you are considering acquiring a new business or practice, ensure that the attorney has experience in this area of the law. Similarly, if you are planning for the long-term management and succession of your company, it is important to acknowledge whether the law firm offers estate planning services as well. These elements will help you choose an attorney who is the best fit for you.
How Can NC Planning Help You Plan for the Road Ahead?
The process of starting a business, establishing a practice, or expanding your current venture can be intimidating. There are a multitude of financial and legal issues that must be accounted for and even the smallest errors can have disastrous consequences for your business. For this reason, we have established NC Planning to help you plan for all the unexpected turns and bumps in the road head. To begin the process of establishing your business or expanding your current practice or company, consider contacting our team of Cary, NC business attorneys at (919) 900-4720 today.
