Being your own boss can offer many advantages: The freedom to set your own schedule, the ability to make all the decisions yourself, and the opportunity to reap the rewards of your success, among many others. But, it also presents a unique set of challenges, including legal compliance, tax issues, financing, etc.
Starting and maintaining a business can be a challenging proposition. The first step is selecting an appropriate structure. Presently, most small businesses form as a limited liability company (LLC), although many older businesses are corporations. Following organization, the desired taxing methodology must be chosen. Business owners enjoy a high degree of flexibility in making this decision, but making the best decision can be complicated and often requires professional assistance. Also, as a part of the start-up stage, a document setting forth the rules for internal governance should be prepared and executed. This document is referred to as an Operating Agreement if drafted for an LLC and as Bylaws if drafted for a corporation.
Following the start-up phase, a number of activities must be completed on an ongoing basis. Many business owners require that various documents be prepared or reviewed from time to time, including buy-sell agreements, non-compete and non-disclosure agreements, leases, and other contracts. Additionally, issues sometimes arise with respect to tax matters and civil disputes. Additionally, it is important that proper upkeep and maintenance be completed with respect to the business – preparing minutes, filing the biennial business entity report with the Secretary of State, etc.
If you are thinking about starting your own business or if you have already done so, you need an attorney who will take the time to learn about your business and your concerns and who understands the complexities of business and tax law. Our business attorneys have years of experience practicing business and commercial law. Whether you need assistance in selecting the proper structure for your business and organizing it, in preparation of a document (such as an operating agreement, a buy-sell agreement, a non-compete and non-disclosure agreement, or a general contract), in prosecuting or defending against a lawsuit, or any other type of business matter, our attorneys stand ready to assist you.
If you are searching for experienced, client focused, and timely representation for your business, we hope that you will contact our offices. We can help you and we look forward to serving all of your legal needs.
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