Business Law Attorney
Experienced Dallas Business Law Attorneys Serving Start-Ups and Established Companies
In today’s complex and technologically driven business environment, companies need experienced legal representation at all stages of the business lifecycle. With well over a decade of legal experience, Dallas business attorney Chris Parvin has represented hundreds of companies in matters ranging from new entity formations to complex commercial litigation.
Doing business inherently involves a variety of legal issues, ranging from the relatively straightforward to the inordinately complex. Smart business owners know that sustainable growth requires not only a focus on legal compliance and risk mitigation but also the ability to nimbly and strategically address legal issues when they arise. While the goal in most cases should be to avoid litigation, when litigation is necessary, companies of all sizes need to be prepared to take aggressive action to protect their financial interests and enforce their proprietary rights.
Attorney Chris Parvin, Managing Partner of the Dallas, TX law firm of Parvin Law Group, P.C., L.L.P., is an experienced business law attorney who represents corporate clients in transactional matters and both state and federal court. With his litigation background, Chris brings a strategic, forward-thinking approach to advising clients regarding the choice of entity and negotiation of contract terms. In corporate and commercial disputes, he focuses on using the litigation and alternative dispute resolution (ADR) processes to secure favorable results for his clients as quickly and cost-effectively as possible. With clients ranging from individual entrepreneurs and start-up entities to large corporations, Chris has broad business law experience, and he uses this experience to deliver customized results that provide his clients a competitive edge.
Located in Dallas, Parvin Law Group, P.C. is a full-service law firm comprised of highly experienced attorneys and dedicated legal professionals. We offer big-firm resources and capabilities at highly competitive rates, and no matter is too big or too small for us to handle. To discuss your business’s legal needs in confidence, book an appointment online now with your Dallas business law attorney, Chris Parvin.
Our Business Law Services
Choice of Entity and New Business Formation
When starting a new business, the first step is to establish and properly organize a new business entity. Each type of entity has its own unique benefits and limitations. An experienced Dallas business attorney, Chris regularly advises clients on the tax, liability, funding, transferability, and other considerations involved. In Texas (and most other jurisdictions around the country), the primary options for forming a new business include:
- A sole proprietorship
- A general partnership or limited partnership
- A limited liability partnership (LLP)
- A limited liability company (LLC)
- A C-corporation or S-corporation
Business Contract Drafting and Negotiations
Poorly drafted contracts can create major problems for even the biggest companies. If pricing terms and service-level commitments aren’t negotiated with an eye toward the future, or if the risk isn’t apportioned appropriately, unfavorable contract terms can lead to financial strain, over-commitment of resources, and expensive contract litigation. Business lawyer Chris Parvin regularly represents clients in contract drafting and negotiations and has significant experience in a wide range of business and commercial transactions.
Complex Business Litigation and Alternative Dispute Resolution (ADR)
Business disputes are a drain on resources, and if not approached tactfully they can quickly get out of hand. Representing corporate clients in negotiations, mediation, arbitration, and state and federal court, business law attorney Chris Parvin has experience securing favorable results in business litigation involving commercial contract disputes and other issues.
Your Corporate Counsel
Parvin Law Group, P.C. serves as corporate counsel to small and medium-sized businesses in Dallas and throughout Texas. As outside general counsel, we become intimately familiar with our clients’ businesses so that we can anticipate issues and offer insightful legal strategies that are designed to mitigate risk and resolve issues before they lead to litigation. As corporate counsel, we offer full-service representation, handling matters ranging from employment disputes to complex mergers and acquisitions.
FAQs: Protecting Companies’ Financial Interests and Proprietary Rights in Texas
What are the risks involved in operating as a sole proprietor in Texas?
The simplest way to operate a business is as a sole proprietor. When you operate as a sole proprietor, you are the business. Literally. As a result, if something goes wrong (i.e., the business becomes insolvent or you get sued), there is nothing to shield your personal assets from the business’s debts. If your business owes more than it can pay, as a sole proprietor, your personal assets are at risk. This is among the primary reasons why almost all solo business owners and entrepreneurs should consider forming a corporation or LLC. For more information about your specific scenario, contact business law lawyer Chris Parvin.
What are the differences between a partnership, a corporation, and a limited liability company?
There are entire books devoted to the differences between partnerships, corporations, limited liability companies, and other legal entity structures. However, for most businesses and individuals, the primary differences include:
- Liability Risk – General partners are exposed to personal liability, while limited partners, corporate shareholders, and LLC members enjoy limited liability. This means that – assuming the partnership, corporation, or LLC has been formed and managed properly – its owners will generally not be exposed to personal liability for the business’s debts.
- Income Tax – By default, partnerships, LLCs, and S-corporations are pass-through entities, meaning that the business’s income gets reported on its owners’ tax returns. In contrast, C-corporations are subject to corporate income tax (in addition to the personal income tax at the shareholder level). Which option is the most advantageous will depend upon a number of different factors that are unique to each individual business.
- Formalities and Flexibility – Generally speaking, partnerships and LLCs are subject to fewer formalities than corporations. LLCs also generally offer a greater level of flexibility when it comes to structuring ownership and control. However, corporations can offer greater flexibility with regard to shareholders’ rights.
- Transferability of Shares – If one of your goals is to build a business you can sell, this should factor into your choice of entity, as well.
Why should I hire a business law attorney to form my new business entity?
While there are a number of self-help options available online, it is strongly advisable to hire a business attorney to form your new business entity. There is much more involved in the process than simply filing a form and paying a filing fee, and you will need an experienced attorney who can help you prepare all of the necessary documentation (including a partnership, shareholder, or operating agreement).
What types of contract disputes most frequently lead to litigation?
Virtually any contract provision can lead to a dispute, and under the right (or wrong) circumstances, any business dispute can end up in litigation. Some of the contract provisions that are most commonly at the center of contentious business disputes include:
- Payment and performance obligations
- Indemnification clauses
- Representations and warranties
- Non-competition and non-solicitation covenants
- Ownership and licensing provisions for intellectual property and other proprietary assets
Why hire corporate counsel instead of working with a business attorney on an ad hoc basis?
Let us start by saying that hiring outside general counsel isn’t necessary for all businesses. Many smaller companies can get by working with a business lawyer on an as-needed basis. But, if your business operates in a regulated industry, if you constantly find yourself facing complicated legal issues, or if your business relies heavily on contracts, these are all common situations in which it can be cost-effective to consider corporate counsel. If this is an option you want to consider, we are happy to sit down with you to see if it makes sense for your business.
What types of clients do you serve?
We serve clients ranging from individual entrepreneurs to Fortune 500 companies. Our experience includes working with:
- Construction companies
- Franchise opportunities
- Law firms, financial services firms, and other professional services entities
- Manufacturing companies
- Personal investment companies
- Tire companies
An Experienced Business Advisor, Commercial Litigator, and Corporate Counsel
In addition to co-founding the Dallas, TX law firm of Parvin Law Group, P.C., business law attorney Chris Parvin is also the owner of White Rhino Coffee Company, a late-night café in Cedar Hill. As a result, he can relate to the stresses that business owners face on a daily basis, and he uses his unique combination of entrepreneurial and legal experience to provide practical, results-oriented, and cost-effective solutions for his clients. Whether you are starting a new venture and need a business law lawyer who knows all of the ins and outs of forming a successful business, or if you need an aggressive litigator who can protect your company’s interests in a complex commercial dispute, our experience is your competitive advantage.
For new and established business owners in Dallas, Parvin Law Group, P.C. offers:
- A team of experienced business lawyers and skilled legal professionals.
- A personalized approach that focuses on finding efficient and cost-saving solutions to clients’ unique legal needs.
- The resources needed to effectively represent clients in complex commercial litigation.
- An unwavering commitment to being there for our clients when and where they need us.
- Free initial consultations and flexible fee options designed with business owners’ needs in mind.
To discuss your business’s legal needs in confidence, contact Parvin Law Group, P.C. in Dallas, TX. Call us at (214) 974-8940 or send us a message online and schedule an initial consultation today.