Opening a business can be one of the most rewarding endeavors and it can also be one of the most stressful. The optimism and hope of a new venture is combined with the uncertainty and risk of investing time and money into the business. No one opens a business expecting to fail, but a smart entrepreneur recognizes the risk and plans accordingly. The first step in managing the risk is to obtain advice from an experienced business attorney about an appropriate business form, as well as matters involving property transfers and potential liability.
Businesses generally operate in the form of a Sole Proprietorship, Partnership, Limited Liability Company or a Corporation. Within each category, there are numerous ways to structure the business but all operational choices may not be the best for a particular business. A Sole Proprietorship is not really a separate entity from the business owner but is instead an extension of the owner. A partnership is basically a blend of a sole proprietorship and an entity, but with more than one person. Corporations and Limited Liability Companies are considered separate legal entities. An attorney experienced in business law can guide the client through the pros and cons of each method of business operation and assist in making the choice that best balances liability, growth, day to day operations and expense.
We assist clients with all types of issues that arise in the formation and operation of a business. This includes selection and formation of business entities, purchase or merger of businesses, employment matters, contracts, collections, succession planning and business litigation.