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Sandollar PLLC helps business owners and professionals in New Haven, Fairfield, and Middlesex counties understand their legal rights and obligations.

Sandollar Advises You on Legal Rights and Risks

When you start a new venture, purchase an existing business, or develop a new product or line of business, SANDOLLAR PLLC can help you to assess the legal risks that may be involved in your business plan, to identify and implement legal steps protect your investments, and to resolve any disputes that may arise.
Alan Harrison has helped business purchasers, owners, and founders with legal matters since 2010.
There are a lot of legal questions around a business startup or purchase. Many of these questions depend on the answers to factual questions. You are the one best situated to explore the facts. But SANDOLLAR can provide you many of the factual questions that you need to ask. One of the firm's first services to a business startup or business buyer client is a checklist of potential business risks. For businesses with an intellectual property focus (most businesses at least have a trade mark), SANDOLLAR also provides an i.p.-specific checklist.
When you're getting into business with a partner, there are questions to be answered about their background, their financial status, and how well your goals align. SANDOLLAR can help you get those answers in an inoffensive way. The first principle of a workable business partnership is mutual full disclosure.

FAQ

What is the role of a small business lawyer?
A small business lawyer acts as a 'legal chassis' for entrepreneurs, mitigating risks through customized operating agreements, protecting intellectual property from infringement, and resolving disputes with partners or vendors before they reach costly litigation.
How much does it cost to hire a small business lawyer?
Costs depend on efficiency and experience. Some firms offer "flat fee" structures. Flat fees often are focused on the firm's profitability and assume that your task will require more than average effort. Sandollar Law uses the traditional hourly billing model, which is focused on the firm making a reasonable profit while serving your needs in a time- and cost-efficient way. Sandollar's current rate is $330 per hour. A typical business purchase or sale costs about $5000-$10,000. Setting up a multi-member LLC can cost $1500-$3000.
What are key legal steps in setting up a multi-member LLC?
1. Identify what role each member will serve in the company. (Passive investor? Day-to-day manager? Marketing guru?) 2. Agree on what share of profits would be adequate for each member's investment or effort. 3. Consider what to do if a member wants to exit. 4. Agree on how to handle unexpected or unwanted member exits. 5. Consult with an experienced small business attorney to develop a carefully-drafted operating agreement. The small business attorney can help you navigate steps 1-4 as well.
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Located in Milford, CT, serving the business communities of the Greater Bridgeport, Naugatuck Valley, and Greater New Haven areas. Copyright © All rights reserved. Veteran Owned Small Business. Attorney Advertising: no legal advice is provided here and visiting this page or submitting information via the form does not establish an attorney-client relationship.