CASE STUDIES

Richard Brandt attorneys helped the contractor business owners in several ways. First, special-purpose limited liability companies were created for the business operations, shop property, and construction equipment. This structure helped to limit both the potential personal liability of the owners and the business itself.

Next, with assistance from Richards Brandt construction attorneys, customized contracts were drafted for the contractor to use with its customers and sub-contractors. Now, for the first time, the contractor had clear written contracts that reduced the chance of misunderstandings or bad results if conflict with its customers or sub-contractors arises.

Finally, our attorneys worked with the owners to establish a solid buy/sell agreement between the owners in case either person leaves ownership in the future. The owners, as well as their families and their employees, can have confidence that if one of the owners leaves the company, that the business will continue to provide employment and income for those most dependent on it.

Now with the new LLC business structure in place, formal written contracts, and the detailed buy/sell agreement, the business is set for more growth and will be better equipped to serve new customers, obtain lending if necessary, and become more attractive to potential buyers.

Are the legal details of your business up to date and equipped to provide for growth? If not, please contact to discuss how we might help you.