Counseling business clients of all sizes begins with helping you choose the correct business entity for your company. Depending on your needs and objectives, you may want to do business as a sole proprietor, a partnership (general or limited), a limited liability company or a corporation. There are many reasons for choosing one entity form over another and, together with your accountant and other professional advisors, we regularly advise our clients about the business, legal and tax consequences of each.
How the owners of a business will relate to one another and how the business will be operated must be set forth in clear, accurate and complete terms. By-laws, partnership agreements, operating agreements and shareholder agreements will provide a “roadmap” for your business. Documenting these details with the guidance of competent legal counsel will often enable a business to withstand difficult times and circumstances that may not have been anticipated.