Starting, expanding, or winding up a business can be a complicated process. We can assist you with various legal aspects of your business. Corporations and Limited Liability Companies (LLCs) can provide a great degree of protection for your personal assets, but your company needs to be set up and operated according to what the law requires in order to actually have this sort of protection.
Many of the decisions involved in setting up a business involve tax considerations, and it is normally important to involve a Certified Public Accountant (CPA) in the discussion as the company is being formed. Many people do not realize that forming a business entity such as an LLC or a Corporation is only the first step in properly getting documents in place for the successful operation of the company.
Sooner or later, there will be a change in the ownership structure of the company, and not having proper safeguards in place ahead of that time often results in serious difficulties for the people involved in the company. People who form their own business entities are often unprepared for the inevitable situation when ownership or control of the company passes to someone else.
We can assist clients not only with getting their businesses up and running, but also helping get documents in place to ease the transition down the road when someone else becomes a part of the business. We also take the time to explain important concepts to our clients about things to avoid doing which can compromise the ability of the business entity to protect their personal assets from problems which the company might later encounter.