Ellicott City, MD Business Law Lawyers

Experienced Lawyers Supporting Entrepreneurs With Business Formation, Litigation, and More in Ellicott City, Maryland

Being a business owner is not easy. While being your own boss can be rewarding, a lot of long hours go into running a business. Your hard work begins when you get the idea for a new business and start to seriously consider the logistics. Everything from creating a business plan to applying for loans and finding the right location takes an immense amount of work. You will need to make critical legal decisions like what type of business entity to form.

When you are preparing to open for business, you will have an entirely new set of legal concerns, such as employee relations and drafting client contracts. If your time as a business owner one day runs its course, and you decide to close your doors or sell the company, you will need legal support to make the most advantageous arrangements possible.

You know your industry. Law Offices of Marc A. Ominsky, LLC knows business law. Our hands-on attorneys can help you in real time when you reach out to us. We are here to support entrepreneurs who are creating jobs and offering valuable services in our communities. We will be there to guide you through the legal issues your business will need to address, from business formation to handling any legal disputes that you may encounter. Running a business brings unique challenges that our attorneys are well-prepared to address.

Business Formation

Choosing the right corporate structure can protect you and impact how your business will be run on a day-to-day basis. Many entrepreneurs choose to open a limited liability corporation, or an LLC, because it shields their personal assets in case their business gets sued or goes into debt. However, another corporate structure might be appropriate for you depending on what type of business you are opening, whether you have co-owners, and the anticipated size of your business.

Business Litigation

Any company can get sued, with or without a good reason. In some cases, you may need to file a lawsuit against a vendor who has breached a contract or a former employee who is not following the terms of a non-compete clause. Sometimes, going to court is a matter of protecting your business. Our attorneys are experienced litigators who will handle your case strategically.

Employment Law

Your business's employees are one of your most valuable resources. You rely on them every day to keep your business running smoothly. However, employee disputes can easily escalate into litigation. Our attorneys can help you with common employment law issues such as navigating anti-discrimination laws, drafting employment contracts, and handling harassment complaints.

Business Bankruptcy

Around 45 percent of new businesses fail in the first five years. Many more experience significant difficulty keeping up with debt payments during slower years. Having a business fail or struggle is not necessarily a reflection on your skill as an owner. Anything from supply chain issues to an economic downturn can hurt a small business. A business bankruptcy can help you efficiently close your business or save it.

Filing for Chapter 7 bankruptcy is one of the best ways to handle a closing business's debts. Your business's assets would be liquidated to pay back your debt in part, and the rest of your debts may be discharged. This can free you to pursue the next step in your career.

Chapter 13 or Chapter 11 bankruptcy can help you save a struggling business. If you have faced some unanticipated challenges, but you can show that your business is likely to recover if given a chance, restructuring your debts may be the best option. Your business would be put on a fairly intensive repayment and reorganization plan, ensuring that you will be able to maintain ongoing success.

Contact Our Ellicott City Business Law Attorneys

Law Offices of Marc A. Ominsky, LLC is committed to supporting entrepreneurs. Our experienced Ellicott City, MD business law attorneys will help you navigate legal decisions and address the challenges your business may face. Contact us at 443-539-8712 for a confidential consultation. We offer military and law enforcement discounts.