FOR IMMEDIATE RELEASE
Experienced Local Lawyer Stephen Stewart Is Committed to Helping New Businesses Succeed in Raleigh, NC
Stephen P. Stewart is here to help small and new businesses in Raleigh. He brings with him a wealth of experience in helping companies and individuals solve their business, estate and tax problems.
From start to finish, the process of opening a business is a minefield of potentially difficult legal choices. Finding a qualified, experienced legal representative can help smooth the process considerably as they have the necessary experience to solve each challenge that arises efficiently and within the letter of the law. This includes choosing the right business entity, drafting watertight contracts and operating documents, dealing with unexpected tax situations, and even planning the sale of a business.
According to the Department of Labor, 20% of businesses fail in their first year, 30% in their second, and 50% after five years in business. Many of the top reasons for failure center around the lack of planning for legal considerations such as regulatory burdens that cause 29% of small business to fail.
As Stephen Stewart shares, “In over 25 years of advising businesses and individuals on legal matters, I have found no two clients and no two situations are the same. Even within the same industry, what works for one client does not always work for another. Every situation turns on its own facts and a “cookie cutter” approach to business formation and operation rarely works well.”
Many of the reasons that small businesses cite for not having adequate legal representation or insight is that they can’t afford it. But the statistics show that if you have a small business, you can’t afford not to use the services of an attorney. This is because small companies are particularly at risk for litigation (a recent study showed that in America, 52% of civil lawsuits target small businesses each year) so having an attorney at hand can relieve some of the stress and uncertainty for owners.
Choosing an attorney is relatively straight-forward, they should have the necessary qualifications and experience to cover the majority of issues that might arise in your business. If your business is local, they should have a good understanding of the parameters of the work and be available to offer support and advice where needed. Some questions that you can ask yourself include, “Does the attorney communicate well and can I understand what he is talking about?”, “Are their offices conveniently located?”, And “Do I trust them?”. In order to build a constructive long-term relationship, it’s crucial that there is a resounding yes to all of these questions as you will be placing a lot of trust in them as you work together on your business.
For business-specific insights the attorney you choose should have extensive experience in corporation (both subchapter C and S), partnership and LLC formation, contract drafting and review, business sales and acquisitions, business restructures, shareholder agreements and business succession planning, as all businesses are likely to encounter many of these issues during their life cycle.
Stephen P Stewart Attorney at Law in Raleigh, NC obtained his B.S. degree in Accounting (cum laude) from the University of South Carolina where he was also a member of Phi Beta Kappa. He received his J.D. Degree from the University of South Carolina School of Law where he was a member of the South Carolina Law Review. After law school, he obtained a Masters in Tax Law (LL.M.) from New York University School of Law and is currently admitted to practice in both North Carolina and South Carolina
Stephen has practiced law in the State of North Carolina for 26 years and is passionate about using his education, experience and background to help local businesses succeed and flourish.
Stephen P Stewart
7320 Six Forks Rd # 100-B
Raleigh, NC 27615