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LAW OFFICE OF ARA AROUSTAMIAN
BUSINESS • PERSONAL INJURY • PROBATE • REAL ESTATE • TRANSACTIONAL SERVICES
GLENDALE GALLERIA TOWER • 100 W. BROADWAY BLVD, SUITE 540 GLENDALE, CA 91210
TEL  (818) 247-4700       ARA@LAWAA.COM          FAX (818) 247-4710


BUSINESS



What is Business Law? 

Business law deals with the creation of new businesses and issues arising from existing businesses interacting with the public, other companies, and government. This area of law draws on a variety of legal disciplines, including tax law, intellectual property, real estate, sales, employment law, bankruptcy, and others. 

To understand the role of business law within the legal system, it helps to view businesses as entities separate from their owners and employees. Just like individuals living together in society, business entities are subject to legal rules designed to give every participant in the marketplace a fair opportunity to succeed. 

Business Formation and Internal Agreements 

New companies must take steps to comply with the law even before opening their doors for the first time. Business law attorneys are routinely asked to form new entities on behalf of their clients by filing the necessary documents with the Secretary of State. Clients may also need assistance choosing the business entity best suited for their enterprise. 

Businesses can be formed as corporations, limited liability companies (LLCs), partnerships, and other entities. Most of these business forms can be further customized to meet the needs of the company. Examples include corporations formed as “S-corps” in order to achieve tax savings, and partnerships formed as “limited partnerships” to allow some owners to participate as investors only. 

While the selection of the appropriate business entity will depend on numerous factors, the primary purpose of most entities is to shield owners from individual liability. Operating a business that is not set up to provide limited liability means that the owners are putting all of their personal assets within reach of the business’s creditors. By working with an attorney at the inception of the business, this situation can easily be avoided. 
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Preemptive Measures to Avoid Litigation 

One way to distinguish business law as its own field of practice is to take note of when these issues arise. Business law provides rules and guidance for companies to follow before disputes occur. Attorneys who practice in this area are experts at structuring transactions to minimize the company’s exposure to litigation. This sort of strategic legal maneuvering can end up saving the company huge amounts of money. 
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LAW OFFICE OF ARA AROUSTAMIAN
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​SECURING THE HIGHEST SETTLEMENTS POSSIBLE
​FOR MORE THAN 30 YEARS... 

LAW OFFICE OF ARA AROUSTAMIAN
Ara Aroustamian, Esq.

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​Glendale Galleria Tower
100 W. Broadway Blvd, Suite 540
Glendale, CA 91210
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​ Tel (818) 247-4700  
Fax (818) 247-4710
ARA@LAWAA.COM
​© 2017 Ara Aroustamian, Esq. All Rights Reserved. AKMI|MEDIA=
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  • HOME
  • ABOUT
  • SERVICES
    • BUSINESS
    • PERSONAL INJURY AND OTHER TORTS
    • PROBATE AND ESTATE PLANNING
    • REAL ESTATE
    • TRANSACTIONAL SERVICES
  • CONTACT
  • BLOG