Westerville Ohio Business Attorney

The Legal Things You Need to Know When Running a Business

Running a business is an exciting adventure, but it can also come with some legal hurdles. Understanding the basics of business law can help you navigate those hurdles with confidence and avoid costly mistakes.

Business law is basically the rules and regulations that govern how businesses operate. It’s like the instruction manual for running a successful business, covering everything from starting your company to dealing with employees and contracts.

Imagine you’re building a house. You need a blueprint to know how to put everything together. Business law acts as the blueprint for your business, providing the framework you need to build a strong and successful company.

Quick Summary:

Here’s a brief overview of what you need to know about business law:

  • Overview of Business Law:
    • Business law, or commercial law, governs rights, relations, and conduct in commerce.
    • Encompasses principles on contracts, governance, intellectual property, employment, and transactions.
    • Aims for fair practices, dispute resolution, and a legal framework for businesses.
  • Services for Businesses:
    • Start-Up Planning and Strategy:
      • Concept and Market Research.
      • Business Plan Development.
      • Legal Structure Selection.
    • Contract Drafting and Review:
      • Importance of clear contracts.
      • Speak plainly, define work, payments, and deadlines.
      • Legal review ensures fairness and avoids future issues.
    • Shareholder Issues:
      • Protecting rights through communication and transparency.
      • Resolving disputes through structured processes.
      • Navigating shareholder issues for continued growth.
  • Business Structures:
    • Sole proprietorship, partnership, LLC, and corporation explained.
    • Each structure’s impact on taxes, liability, and administrative requirements.
  • Dispute Resolution:
    • Negotiation and Mediation.
    • Arbitration for quicker decisions.
    • Litigation as a last resort.
  • Business Litigation:
    • Specialized legal help for disputes.
    • Business litigation specialists guide through legal processes.
  • Outside General Counsel (OGC):
    • On-demand access to legal professionals.
    • Flexible and scalable services for ongoing counsel or specific matters.
  • Employment Law:
    • Governs employer-employee relationships.
    • Covers wage compliance, discrimination prevention, and workplace safety.
  • Business Real Estate Issues:
    • Importance of understanding lease agreements.
    • Compliance with zoning regulations, building codes, and environmental laws.
  • Succession Planning:
    • Planning for a smooth transition when leadership changes.
    • Identifying successors, providing training, and outlining the transition process.
  • Benefits of Understanding Business Law:
    • Avoid costly legal mistakes.
    • Make informed decisions based on accurate information.
    • Protect business assets, operate ethically, and enhance reputation.

What is Business Law?

Business law, also known as commercial law, is a legal field that governs the rights, relations, and conduct of individuals and businesses engaged in commerce, trade, and sales. It encompasses a wide range of legal principles and regulations that pertain to business activities, including contracts, corporate governance, intellectual property, employment law, and commercial transactions. 

Business law aims to establish fair and transparent practices, resolve disputes, and provide a legal framework that facilitates the smooth functioning of businesses following applicable laws and regulations.

What Parts of My Business Need Legal Help?

Here’s a breakdown of services we offer for businesses to help you understand their significance:

Start-Up Planning and Strategy

Launching a business is an exciting adventure, but it’s crucial to have a plan in place. Just like building a house requires a blueprint, starting a company needs a well-defined strategy to ensure its success. This initial stage focuses on key elements like:

  • Concept and Market Research: Identifying a valuable problem and its solution forms the core of any business. This involves thorough research to understand your target audience, market trends, and competitor landscape.
  • Business Plan Development: A comprehensive business plan acts as a roadmap for your venture. It outlines your business goals, target market, marketing strategies, financial projections, and operational plans.
  • Legal Structure Selection: Choosing the right legal structure, such as sole proprietorship, LLC, or corporation, significantly impacts your taxes, liability, and regulatory compliance. Consulting with a legal professional can guide you towards the optimal structure for your specific needs.

By addressing these critical aspects during the start-up planning and strategy phase, you lay the foundation for a strong and successful business. This ensures you’re entering the market with a clear vision, a solid plan, and a structure that sets you up for long-term growth and stability.

Contract Drafting and Review

Contracts are the backbone of any business deal. They lay out the rules of the game, ensuring everyone is on the same page and protected. However, contracts can be confusing and full of legal mumbo jumbo, leaving you vulnerable to misunderstandings and disputes. That’s where clear contracts come in.

  • Speak the language of your partner: Ditch the legalese and use plain language that anyone can understand.
  • Leave nothing to the imagination: Clearly define the work, payments, deadlines, and how to settle any disagreements.
  • Get a second look: Having a lawyer review your contract before signing ensures it’s fair, protects your business, and avoids future headaches.

Investing in clear contracts and legal review protects your resources, minimizes risks, and builds strong and trust-based partnerships. So, keep it simple and build a business on solid ground!

Shareholder Issues:

Owning a business with multiple partners brings its own set of challenges. Different perspectives and priorities can lead to shareholder disputes, impacting your business’s stability and success.

Protecting Everyone’s Rights:

Clear communication, open information sharing, and regularly scheduled meetings ensure every shareholder feels respected and heard. This upholds their rights to vote, receive dividends, and stay informed.

Resolving Differences:

When disagreements arise, a structured dispute resolution process helps find solutions. This could involve mediation, arbitration, or legal intervention, keeping the focus on the business’s long-term success.

Finding Common Ground:

By prioritizing transparency, fairness, and open communication, you can navigate shareholder issues effectively. This fosters a collaborative environment where everyone works together to achieve shared goals and ensure the company’s continued growth.

Incorporation or Entity Formation:

When starting a business, choosing the right legal structure is crucial. It affects everything from your taxes and liability to your ability to raise capital and manage your company. The most common business structures include sole proprietorship, partnership, limited liability company (LLC), and corporation.

Understanding Your Options:

  • Sole proprietorship: The simplest structure, offering minimal legal and administrative requirements. However, the owner has unlimited liability for business debts and obligations.
  • Partnership: Similar to a sole proprietorship, but with multiple owners sharing profits and losses. Partnerships can be general or limited, with different liability implications for partners.
  • Limited Liability Company (LLC): Provides limited liability protection for owners while offering some flexibility in management and taxation.
  • Corporation: A separate legal entity from its owners, offering strong liability protection and the ability to raise capital through stock issuance. However, corporations have more complex legal and administrative requirements.

Partnership Disputes:

Disagreements can happen even in the best partnerships. If talking it out doesn’t work, here are legal options to consider:

Negotiation and Mediation:

  • Talk directly to your partner and reach a mutually agreeable solution.
  • If communication is difficult, use a neutral mediator to facilitate the discussion.


  • Present your case to a neutral arbitrator who will issue a binding decision.
  • This can be quicker and less expensive than going to court.


  • Take the dispute to court if negotiation, mediation, and arbitration fail.
  • This can be a long and expensive process, and the outcome is uncertain.

Business Litigation:

No business is immune to legal disputes. Whether it’s a breach of contract, intellectual property infringement, or another legal issue, navigating the complexities of litigation can be overwhelming. This is where specialized legal help comes in, ensuring your interests are represented and you have a strong chance of success.

Business litigation specialists possess the deep legal knowledge, courtroom procedures, and persuasive advocacy skills needed to guide you through the legal process. They can explain complex concepts in plain language, represent your interests before judges and juries, and anticipate and prepare for challenges. They will work tirelessly to develop a winning strategy and achieve a favorable outcome that protects your rights and minimizes business disruption.

Outside General Counsel:

Many businesses lack the resources or justification to employ a full-time general counsel. Outside general counsel (OGC) fills this gap, providing companies with on-demand access to experienced legal professionals without the significant overhead costs.

OGC services are flexible and scalable, adapting to your business’s evolving needs. Whether you require ongoing legal counsel for day-to-day operations or for complex matters, OGC can provide tailored support. This includes contract drafting and review, compliance guidance, risk mitigation strategies, and representation in negotiations and disputes.

Employment Law:

Employment law governs the relationship between employers and employees. This area covers key aspects like wage and hour compliance, discrimination prevention, and workplace safety regulations.

Business Real Estate Issues:

Securing the right location and managing real estate efficiently are crucial for any business. But navigating leases and ensuring compliance can be complex.

Understanding lease agreements is key. Negotiate fair terms, clearly outlining rent, utilities, maintenance, and termination clauses. This protects your interests and secures long-term stability.

Compliance is equally important. Zoning regulations, building codes, and environmental laws are vital to consider. Partner with professionals who understand real estate laws to avoid penalties, delays, and potential shutdowns.

Succession Planning:

No leader stays forever. Succession planning ensures someone capable takes over when they leave, keeping the business running smoothly and protecting its future.

This involves identifying critical roles, assessing potential successors, and providing them with training and development. A clear transition plan outlines the process, minimizes disruption, and informs stakeholders.

By proactively addressing succession planning, businesses can guarantee their long-term stability and continued success.

What are the Benefits of Understanding Business Law?

By understanding business law, you can:

  • Avoid costly legal mistakes: Knowing the rules can help you avoid penalties and legal issues that could harm your business.
  • Make informed decisions: When you understand the law, you can make sound business decisions based on accurate information.
  • Protect your business assets: Business law provides legal protections for your business assets, such as your property and intellectual property.
  • Operate ethically and responsibly: By following the law, you can ensure that your business operates ethically and responsibly, which can enhance your reputation and attract customers.

Call Our Westerville Ohio Business Law Attorney Today!

Today’s business environment is complex and ever-evolving, and navigating its legal landscape can be challenging. From contract disputes and intellectual property protection to regulatory compliance and corporate governance, numerous issues require experience and knowledge. That’s where David G. Bale, your trusted business law attorney, comes in.

We understand that traditional legal services are not enough for businesses to thrive. We believe in developing a true partnership with our clients, going beyond simply providing legal advice to becoming an integral part of your business operations. We take the time to understand your unique business model, daily challenges, and long-term goals. This deep understanding allows us to anticipate your needs, proactively identify potential legal issues, and develop tailored solutions that protect your interests and promote your success.

Our extensive experience working with businesses of all sizes across various sectors, including international trade and local entrepreneurs, equips him with a comprehensive understanding of the business world. We speak your language, understand your financial statements, and can seamlessly integrate legal considerations into your strategic and tactical business decisions.

Here’s why David G. Bale should be your go-to attorney for your business needs:

  • More than legal services: David is your partner, providing proactive guidance and support tailored to your specific business needs.
  • Deep business understanding: He speaks your language and understands the challenges you face daily.
  • Strategic legal solutions: He anticipates potential issues and develops solutions that protect your interests and promote your growth.
  • Cost-effective approach: David prioritizes preventative measures, minimizing legal costs in the long run.
  • Experienced and trusted: He has a proven track record of success in assisting businesses of all sizes.

Don’t leave your business’s legal matters to chance. Partner with David G. Bale, and gain the confidence you need to navigate the legal landscape of business and achieve your goals. Give him a call today and let him help you and your company pursue your business dreams.

Reach Out Today To Set Up Your Case Evaluation.

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