Our business law practice focuses on the legal and tax matters associated with setting up a business and selling or otherwise disposing of it. Whether you are forming a Corporation or LLC, need an operating agreement, employment contract, or buy-sell, you need experienced counsel with both technical and practical knowledge about all of the legal and tax ramifications.
Our business law practice focuses on business planning as opposed to litigation. Our goal in assisting our clients in properly setting up their business and having the necessary agreements and documentation is to help them minimize taxes and avoid problems, including with any co-owners or others. Whether you are setting up a new business or you are already in operation, understanding the advantages and disadvantages of the various entities available to you will help to preserve and protect your personal assets. Proper planning can save taxes and avoid conflicts (including litigation) with your partners, vendors and customers.
Before making the decision of which entity to use, you need to understand the varying administrative requirements, tax implications and legal rights and obligations of each option. Whether you ultimately choose to do business as a Sole Proprietor, L.L.C. or Corporation (including S Corporations), we can help you make the right decision to ensure your choice of entity affords you all the tax advantages and legal protection the law allows.
Then, when it comes time to retire or otherwise make arrangements for future owners to take over, a good business plan will provide a smooth transition whether the new owners are your family members, a key employee or a third-party purchaser. We understand the personal, legal and tax intricacy associated with transferring the business to the next generation or other future owners, and we can help you establish a solid business plan to achieve all of your goals.
We have the knowledge and the experience to assist you with all the complexities involved in business planning. As attorneys and CPAs, we are uniquely positioned to advise you on the legal and tax implications of most any business arrangement. With the proper planning, we can help you get your business started in the right direction, and assure that any long-term planning goals are executed properly.
If you own a family business, retirement is not just a matter of no longer working. The question of what will happen to the business you spent a lifetime building will be a significant concern. Business succession planning is about establishing a smooth transition between you and the future owners of your business.
If you own less than 100% of a business and want to sell your shares, finding a willing buyer may be next to impossible. Partners and their families often resort to lawsuits to resolve differences when one owner wants to get out. A properly drafted Buy-Sell Agreement can minimize if not completely avoid the problems.