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Common Legal Mistakes Business Owners Make…and How a Business Attorney Can Help Avoid Them (aka “Why the Heck do I need a Business Attorney?”) Jeffrey C. O’Brien Attorney at Law Mansfield Tanick & Cohen, P.A. Front Nine Business Builders BNI •August 18, 2010
Common Mistake #1:  Operating Your Business Without a Liability Limiting Entity
Why Do You Want to Form an Entity? ,[object Object],[object Object],[object Object]
Entity Formation  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Entity Formation, Pt. 2 ,[object Object],[object Object],[object Object],[object Object],[object Object]
Standard Documents S Corporation LLC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Top Mistakes Made in Entity Formation that an Attorney Can Help You Avoid ,[object Object],[object Object],[object Object]
Common Mistake #2:  Entering into verbal or “handshake” agreements without a written contract
Getting it in Writing:  When the Law Requires…the “Statute of Frauds” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Getting it in Writing:  the non-legal reasons ,[object Object],[object Object],[object Object],[object Object]
Common Mistake #3:  Drafting a contract yourself and/or not having your business attorney review the contract
Getting it in Writing is Not Enough; there is still room for error ,[object Object],[object Object],[object Object]
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Thank You! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Why the Heck Do I Need a Business Attorney

  • 1. Common Legal Mistakes Business Owners Make…and How a Business Attorney Can Help Avoid Them (aka “Why the Heck do I need a Business Attorney?”) Jeffrey C. O’Brien Attorney at Law Mansfield Tanick & Cohen, P.A. Front Nine Business Builders BNI •August 18, 2010
  • 2. Common Mistake #1: Operating Your Business Without a Liability Limiting Entity
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Common Mistake #2: Entering into verbal or “handshake” agreements without a written contract
  • 9.
  • 10.
  • 11. Common Mistake #3: Drafting a contract yourself and/or not having your business attorney review the contract
  • 12.
  • 13.
  • 14.