About Small Business Issues

As part of Maine’s vibrant small business community, you face unique challenges that require sound, independent legal advice. Common issues for small business owners include:

  • Should you incorporate your business? Choosing how to structure your business is an important decision. It should be made only after careful consultation with an attorney and an accountant. Incorporating is one of a number of choices. The most common are sole proprietorship, partnership, corporation and limited liability company (LLC).
  • Purchasing a Business. Buying a business is as important a move as you will ever make. Sound legal advice is essential. The purchase agreement should be carefully reviewed and, if necessary, negotiated before you sign it.
  • Contracts and Other Business Documents. When a contract or other business document is required, business owners can make the mistake of using a “standard form” borrowed from a buddy or found on the Internet, or even use no contract at all. It’s far safer to have a qualified attorney review the form and make the changes that suit the nature of your business—then you can use it over and over again!  Types of business documents include:
  • Service contracts
  • Employment contracts
  • Property management contracts
  • Construction contracts
  • Home construction and repair contracts
  • Estimates
  • Invoices
  • Option agreements
  • Purchase/sale agreements for real estate
  • Noncompetition agreements
  • Consulting agreements
  • Mechanic’s liens
  • Promissory notes
  • Security agreements
  • Mortgages