Business Law

Panama City Business Law Attorney

Helping Business Clients in Panama City, Florida

Business law encompasses a wide array of legal issues concerning the owning and operation of a business enterprise. My practice in this area deals with matters such as forming, purchasing or selling a business, and dispute resolution. I can also assist with business management, employee issues, contracts, counseling on the tax consequences of various planning decisions, and many of the other matters related to and arising from doing business in this state.

If you live or work in the Panama City area and you are in need of legal assistance concerning your interest in a business, I encourage you to contact my office for an appointment. I offer personalized service, attention to detail, and a desire to work efficiently.

Business Law in Florida

Most business would be well served by having a continuing relationship with a competent attorney. Florida law provides a framework for the creation, organization, and management of business entities. My practice involves assisting clients with contracts, regulatory compliance, real estate matters, taxes and licenses, liability minimization, dispute resolution, and lawsuits. If you are doing business in Florida, it is worth taking the time to understand the laws and regulations of this state, and to proceed accordingly. 
 

If you are in need of assistance with your business law matter in the state of Florida, contact Panama City business attorney MaxMcCord III.

 

FREQUENTLY ASKED QUESTIONS

Have questions? We are here to help. Still have questions or can't find the answer you need? Give us a call at 850-640-1131 today!

  • What are some of the benefits of conducting business through a legal entity?

    One of the most important benefits is the protection of your personal assets against the claims of creditors. Generally speaking, directors, officers, managers, members, and stockholders (the interested parties) are not held personally liable for the debts and obligations of the business entity. The interested parties should be limited in their personal liability to the amount invested in the company. Another legal benefit is the transferability of ownership, which can be done either in whole or in part. Also, some estate tax planning options are only available to business entities. Retirement funds, such as 401ks may be established more easily. Also, a business entity can acquire and establish its own credit rating.

  • What are some of the mistakes people make when going into business?
    There are always risks involved in going into business. As most people know, a majority of small businesses do not succeed in the long run. Mistakes of new business owners may include the lack of a realistic business plan, underestimating costs and tax liabilities, and unfavorable business contracts/agreements. Even more problematic is a failure to understand the business or the marketplace, underestimating the competition, and/or not being effective at managing a business. Responsibility for these latter areas ultimately falls to the owners, but sound legal advice can substantially improve the chances of success.
  • How can I be protected from liability claims that arise from my business?

    Generally speaking, business owners doing business as limited liability companies, corporations, or limited partnerships do not have personal liability for the obligations or debts of the business. This assumes that no personal guarantees have been executed. If the business has been properly created, it is a separate legal entity. The details of formation are important, and the filing fees must be paid. If properly created and maintained, the assets owned by the business should be the only ones that are subject to debt or other liability considerations.