Dallas Business Lawyer

Serving Dallas and North Texas

Frequently Asked Questions

What is business law?

Business law is a field of law that deals with all issues and disputes related to business, commerce, consumer transactions, and the formation and management of business entities. Some of the issues covered by business law include:

• Contract disputes
• Disputes between partners
• Fraud
• Real estate litigation
• Unfair business practices

Why do I need a business law attorney?

When business disputes arise, they can potentially jeopardize the ongoing success of your business. In order to ensure that your business can continue to thrive following the resolution of your dispute, you will need to have an advocate fighting for your rights who has a thorough understanding of your state’s business laws. The other party involved in your business dispute will most likely have a lawyer protecting their best interests. It is important to level the playing field.

The Dallas Business Law Firm - Polewski & Associates have more than 25 years of experience handling business disputes. We have represented business owners and consumers in a variety of cases, from minor contract disputes to complex commercial litigation. We will fight aggressively to ensure that your rights are protected and you achieve a successful outcome to your case.

How can business owners protect their personal assets and avoid personal liability when facing a business law claim?

There are several things business owners can do to protect their personal assets and avoid personal liability in a claim associated with the operation of their business:

• Utilize a business entity that provides for limited liability of owners and operators such as a corporation, limited liability company (LLC) or limited partnership. These business entities generally shield you from personal responsibility for debts or obligations associated with your business. If your business is created as a sole proprietorship or general partnership, you may face unlimited personal liability for debts and obligations incurred by your business.
• Make sure you have sufficient capital to cover the costs of running your business before you get started.
• Keep your business and personal assets separate. Always have a separate bank account for your business and personal dealings, and keep accurate records of all transactions associated with your business.
• Pay all taxes and file all required tax reports in a timely manner. Texas state law requires franchise tax reports and public information reports to be filed even when your business is inactive or no taxes are owed.
• Maintain proper insurance coverage. While operating your business under the protections of a corporate entity may shield you from liability in contract and other business disputes, it will not shield you from personal liability in cases arising from negligent actions which result in an injury to another.

Will my case go to trial?

The Dallas business law attorneys at Polewski & Associates will always try to resolve your case in the most amicable way possible to avoid the aggravation, time, and cost of litigation. However, if your case cannot be settled in this manner, we have the skills and experience to adequately protect your rights in court so that you can achieve your desired outcome. We also offer arbitration and mediation services for clients who wish to settle their business dispute using alternative dispute resolution methods.

Please contact Polewski & Associates today to schedule your initial consultation. Our business law firm serves clients in Dallas and throughout Texas.