Business Law
Our Business Law practice group is led by Vance Goldammer and is the largest practice group at Redstone.
Redstone Law Firm provides a wide range of services to our business clients, both as general counsel and for individual transactions. Our lawyers can help your business mitigate risk and avoid litigation before it arises. The experienced attorneys at Redstone Law Firm are available to provide valuable insight and guidance to businesses navigating today's complex and ever-changing commercial landscape.
Business Entity Formation – Redstone Law Firm offers business formation and succession planning to address the specific needs of our clients. Our lawyers routinely advise clients regarding the selection and formation of all kinds of business entities, including:
- Limited Liability Companies (LLCs)
- S Corporations
- C Corporations
- Partnerships
- Limited Partnerships (LPs)
- Limited Liability Partnerships (LLPs)
Our lawyers are also available to draft governing documents, including bylaws, operating agreements, and shareholder agreements.
Business Succession Planning – Lawyers at Redstone Law Firm have the knowledge and experience to assets with business transitions, including business succession planning. Our lawyers will work closely with you to ensure that your business is transferred smoothly and in accordance with your intent.
Ongoing Outside General Counsel - Each day can present new legal challenges and questions that need to be addressed. Our experienced attorneys routinely serve as general outside counsel to our business clients, providing valuable insight and guidance for an array of legal questions and concerns.
Contract Drafting, Review, and Negotiation – Lawyers at Redstone Law firm have significant experience drafting, negotiating, and enforcing contracts. We are dedicated to negotiating the best possible terms for our clients.
Mergers and Acquisitions (M&A) – Mergers and acquisitions are two distinct forms of business transactions that both result in the consolidation of two companies into one. A merger occurs when two or more separate companies combine. An acquisition occurs when one company purchases another, which can occur through:
- Stock or Membership Interest Purchase Agreements – In this transaction, the purchaser buys the shares or membership units of a company from its owners, thereby acquiring its assets and liabilities.
- Asset Purchase Agreements – In this transaction, the purchaser buys some or all of the assets of a company (such as equipment, vehicles, and inventory).
Non-Compete, Non-Solicitation, and Confidentiality Agreements – A non-compete agreement restricts an individual or company from engaging in a competitive business with a designated territory. A non-solicitation agreement prohibits an individual or company from soliciting the employees or customers of another business. Confidentiality clauses prevent the disclosure of confidential and proprietary information belonging to a company. Each of these agreements present unique challenges from a drafting perspective. Lawyers at Redstone Law firm are well versed in the legal requirements must be met to ensure these types of agreements are enforceable under South Dakota law.
Buy-Sell Agreements – A buy-sell agreement governs a situation where one business owner leaves the business. A well-crafted buy-sell agreement can serve the interests of all business owners and ensure a smooth departure. The agreements can require business owners to sell their interest under pre-defined terms in the event of their death, disability, bankruptcy, divorce, or retirement. Buy-sell agreements can also grant business owners the option to purchase the interest of other owners (known as a "right of first refusal") under certain circumstances. Buy-sell agreements often set forth a methodology for determining the price of an ownership interest to avoid conflict and disagreement among owners. There are numerous options for structuring a buy-sell agreement. The experienced lawyers at Redstone Law Firm can help you determine what structure is right for you and your business.
Employment Agreements – An employment agreement defines the material terms of an employment relationship, including compensation, benefits, equity arrangements, benefits, and the duties of the employee. Our lawyers have extensive experience drafting, reviewing, and negotiating employment agreements to ensure our clients' interests are protected.
Commercial and Residential Leases – Redstone Law Firm routinely represents both landlords and tenants in drafting, reviewing and negotiating both commercial and residential lease agreements.
Homeowners Associations and Condominiums – As legal entities, homeowners associations (HOAs) and condominiums are bound by their governing documents, as well as federal, state, and local laws. Lawyers at Redstone Law Firm represent clients in drafting the governing documents, as well as advising the board and addressing the concerns and questions of owners.
Real Estate Transactions – Lawyers at Redstone Law Firm have decades of experience negotiating real estate transactions of all kinds, including complex commercial real estate purchases. Our attorneys assist clients in all aspects of commerical real estate transactions, from reviewing title commitments to drafting purchase agreements, deeds, easements, covenants and restrictions, and other real estate contracts.
Business Law Attorneys
Business Law Staff
We invite you to contact our Business Law practice group with questions on your specific situation.