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Starting a new business can present significant challenges, and all new business owners need to address certain legal issues as early in the process as possible.
The first question that all business owners need to ask when starting a business is “What is the best way to set up and operate my business?” There are several options, including sole proprietorships, C-corporations and S-corporations, limited liability companies (LLC’s), and limited and general partnerships.
Each form has its advantages and disadvantages. For example, if you are starting a business as a sole proprietor, you are personally liable for all of the debts and obligations of the business. On the other hand, shareholders in corporations and members of LLC’s are generally immune from liability for the debts and obligations of their businesses. However, there are certain record keeping requirements associated with corporations and LLC’s, and depending upon how they are structured, they may be treated differently for tax purposes.
The knowledgeable business attorneys at Brabazon Law Office, working in conjunction with your accountant, can help you to determine the entity that best fits your needs and the nature of your business. We will help you set up your corporation or limited liability company, and will prepare your articles of incorporation and bylaws, or your articles of organization and LLC operating agreement.
As a new business owner, our business attorneys can help you to address other business legal issues, including obtaining financing, negotiating a lease for the business, and drafting appropriate legal contracts and business agreements for use in your business.
Once your business is established, the business attorneys at Brabazon Law Office will continue to stand by your side as your business grows, establishing a strong and effective working relationship.
We offer the following services to our business clients:
• Entity Selection and Formation
• Financing
• Contract drafting, negotiation, and review
• Buy/Sell and Stock Restriction Agreements
• Mergers and Acquisitions
• Asset Purchase Transactions
• Commercial Leases
• Master Services Agreements
• Non-compete and Non-solicitation Agreements
• Employment Law
• Regulatory and Statutory Compliance
• Collections
• General Business Counsel
• Business and Commercial Litigation
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