The automotive industry is a global giant that, paradoxically, includes one of the most entrepreneurial sectors of the American economy. Automobile and truck dealers and parts distributors are among the most important small businesses in cities and towns across America and throughout North Carolina. If you own a dealership or distributorship, you know the rewards and challenges of building your future in the automotive industry. So does Manning Fulton.
Automotive Dealers
Acquiring and operating an automotive dealership can be a daunting task. Our lawyers are skilled at representing automobile dealers in buying or selling their dealerships. After the dealership is purchased, we stay involved to help our clients review and analyze employment, marketing and other contracts. We are also available to attend business and director meetings and advise on governance, regulatory compliance and many other issues. Our employment attorneys prepare employment contracts, including noncompetition and confidentiality provisions, and employee manuals, and advise on hiring and other employment law issues.
As the business matures, we offer advice on employee benefits planning, including retirement plans. When a dealership is ready to expand, we work together to advise and plan the entity type and the financing of the acquisition.
Finally, when a successful dealer is ready to retire, we use our broad business and estate planning experience to help develop the most appropriate strategy for business succession, and current and future wealth planning needs.
Aftermarket Auto Parts Distributors
We have substantial experience representing distributors of automotive replacement parts and accessories. Our clients have successfully expanded and developed businesses throughout North America. We help them plan acquisitions, negotiate and complete the transactions, and prepare all acquisition documents. Afterward we assist with any necessary restructuring to dispose of overlapping assets.
Whether your business is a small automotive parts store or a company with a national or international presence, Manning Fulton has the background to counsel you on your ongoing business operations. We prepare and analyze contracts for direct sales or wholesale distribution, and wholesale or cooperative purchasing; we advise clients about Uniform Commercial Code issues and security agreements; and we help resolve business and payment disputes with suppliers and customers.
It takes years of hard work and sacrifice to create a successful car dealership or auto parts distributorship. Manning Fulton lawyers have the understanding and experience to help automotive business owners build their future in this competitive industry.
Automotive Industry Contact Lawyer: Ritchie W. Taylor, Deborah L. Hildebran-Bachofen