Greensboro Business Counsel and Corporate Law Attorneys

Our Business Law Practice Areas and How We Can Help

Business law establishes a structured framework for governing transactions, enforcing contractual rights, resolving disputes, and maintaining the standards necessary for predictable, compliant, and orderly business conduct.

Business law serves as a critical framework for structuring investments, managing risk, and protecting interests. It governs transactional integrity and ensures that investor relationships, whether passive or active, are built on clearly defined legal obligations and remedies.

Business law provides the structure family enterprises need to thrive across generations. It helps formalize ownership roles, resolve internal disputes, safeguard assets, and preserve continuity to ensure the business remains a stable and resilient part of the family legacy.

At Petrova Law, our attorneys focus specifically on the following practice areas of Business Law:

• Mergers and Acquisitions: Buying or Selling a Business?

We’ve got you covered.

Buying or selling a business is a major milestone and a complex one. We provide experienced, full-service legal representation to help you navigate with confidence and clarity.

Whether you are buying or selling a business, we are here to guide you through every step, from the first conversation to closing the deal. Let us handle the legal details, so you can stay focused on making the right business move.

Whether you’re acquiring or selling business assets, company stock, or LLC membership interests, we offer strategic guidance and legal representation tailored to your goals.

Our services include:

• Advanced tax planning to maximize outcomes and avoid unintended consequences
• Careful buy-side due diligence to protect your investment in the acquisition and uncover red flags and potential liabilities
• Thoughtful sell-side disclosures to minimize purchase price adjustments
• Deal negotiation and structuring to ensure favorable terms
• Drafting and reviewing agreements that are clear, enforceable, and comprehensive

Whether you are preparing for growth, planning your exit, or exploring strategic opportunities, we are here to make sure the legal side of your transaction is handled with skill and precision.

• Sale of Business:

If you find yourself looking to free up more time, delve into new projects, or simply feel ready to step away from the perpetual challenges of being a business owner, you might be entertaining the thought of selling your business.

We often get involved early before an offer, term sheet, or letter of intent is signed to help you identify key deal terms, avoid common pitfalls, prevent costly mistakes, and strengthen your position from the start.

Thinking about making an offer or receiving one? Talk to us before signing anything like a Letter of Intent or Term Sheet. We can help you avoid costly mistakes and make sure key terms are properly negotiated and in your favor from the start.

The business attorneys at Petrova Law are ready to assist you throughout the entire process, from initial consideration to the final closing, facilitating your business sale in Greensboro and across North Carolina.

• Asset Protection for Business Owners

Your wealth represents a lifetime of work, smart decisions, and family legacy. At Petrova Law, we help business owners protect what they have built and the assets you have accumulated—today and for future generations.

The asset protection attorneys at Petrova Law take a strategic, proactive approach to shielding assets from potential lawsuits, creditors, and unforeseen financial threats.

We offer tailored Asset Protection services:

• Establish LLCs and other protective legal structures to isolate and protect personal and business assets
• Structure family-owned businesses to limit liability, enhance financial security, preserve long-term control, and ensure continuity
• Review and optimize on insurance coverage to provide an added layer of security and close protection gaps
• Create or revise operating agreements and buy-sell agreements
• Develop custom succession strategies that reflect family values and business goals
• Offer guidance in anticipation of legal challenges and during legal disputes to preserve asset integrity under pressure

Asset protection isn’t just about defense—it’s about building a strong legal foundation so your wealth can grow securely and transfer smoothly across generations.

With Petrova Law, you gain a legal partner who understands the unique needs and risks of significant assets—and knows how to protect them with foresight and precision.

• LLC Business Planning and Structuring:

Whether you are launching a new project or restructuring an existing business, choosing the right legal framework is critical. At Petrova Law, we help clients form and structure Limited Liability Companies (LLCs) with clarity, strategy, and long-term vision.

We are experienced in structuring sophisticated LLC arrangements for business clients.

We counsel a wide range of businesses on ownership rights, decision-making authority, and future growth plans. Our attorneys draft, review, and revise Operating Agreements for businesses ranging from single-member LLCs to complex, investor-backed multi-member deals.

Our LLC Business Planning and Structuring services include:

• LLC formation and governance planning tailored to your business goals
• Drafting and amending Operating Agreements that address capital contributions, profit sharing, exit strategies, multiple classes of equity, and more
• Converting existing entities (like corporations or partnerships) to LLCs—and vice versa—while ensuring compliance with state laws and tax considerations
• Guidance on state filings, tax classification elections, and long-term structuring strategies

We also assist with the tax planning and state law implementation of conversions of other entities into LLCs and vice versa.

Whether you’re protecting your personal assets, bringing in investors, or planning for growth, Petrova Law ensures your LLC is built on a strong legal foundation.

• LLC Formation for Growth-Focused Businesses

Establishing the proper legal structure is a critical first step for any new venture. At Petrova Law, we provide strategic legal guidance to emerging companies seeking to form Limited Liability Companies (LLCs) with a strong foundation for future growth.

At Petrova Law, we provide strategic legal guidance to early-stage companies seeking to form Limited Liability Companies (LLCs) through the entire formation process.

Our LLC formation services are comprehensive and tailored to meet the specific needs of each client. We assist with:

• • Select the appropriate entity structure and jurisdiction based on business objectives, liability concerns, industry, risk profile, and tax considerations
  • Prepare and file state formation documents in compliance with applicable laws
  • Draft custom Operating Agreements that clearly define ownership structure, decision-making authority, future growth, dispute resolution, buy-out and exit, and other strategic considerations
  • Advise on initial tax elections and regulatory requirements to ensure long-term compliance

We understand that early-stage decisions carry long-term implications, so we make sure your legal foundation is built for growth and protection. Whether you are launching a startup, forming a family business, or structuring an investment vehicle, Petrova Law ensures your LLC is built with the legal precision and foresight necessary for sustainable success.

• Business Counsel and Contracts Services:

Well-drafted contracts are essential to protecting your business and avoiding escalation into costly disputes. Imprecise or unclear business contracts leave room for complications when a misunderstanding or dispute arises.

At Petrova Law, we help business owners bring clarity and certainty to their agreements—whether you’re formalizing a handshake deal or structuring a complex commercial arrangement.

Our business attorneys provide practical legal advice and prepare custom contracts that clearly define rights, responsibilities, and expectations. We assist with:

• Negotiating and drafting vendor, customer, employee, and investor agreements
• Ensuring your contracts are aligned with state laws and industry standards
• Advising on how to enforce or amend agreements as your business evolves

With Petrova Law as your legal partner, you gain confidence that your business relationships are legally sound and built to last.

Why Choose the Greensboro Business Attorneys
at Petrova Law

We have counseled dozens of businesses through asset protection and exit through sale or succession. Whether you are a new business seeking formation or an industry leader needing to safeguard business assets, Petrova Law has the experience and expertise to guide you through complex legal issues.

We prioritize serving as counsel that acts in your best interests. We welcome the opportunity to discuss your concerns and needs, assessing how we can effectively assist you. You can connect with a member of our legal team by calling (336) 310-1210  or scheduling a consultation.