BUSINESS FORMATION


Business Structure Selection

  • Legal Structure Advice: Advise on the pros and cons of different business structures (e.g., sole proprietorship, partnership, LLC, corporation, S-corporation).

  • Risk and Liability Assessment: Assess potential risks and liabilities associated with each structure.

  • Tax Considerations: Evaluate tax implications of different business entities.

  • Future Growth Planning: Consider future growth and exit strategies in selecting a business structure.

  • Ownership and Control: Discuss ownership distribution and management control preferences.

Entity Formation and Registration

  • LLC Formation: Facilitate the formation of Limited Liability Companies (LLCs).

  • Corporation Formation: Assist with the formation of C-corporations and S-corporations.

  • Partnership Formation: Help establish general partnerships, limited partnerships (LPs), and limited liability partnerships (LLPs).

  • Non-Profit Formation: Guide the formation of non-profit organizations.

  • Professional Entities: Form professional corporations (PCs) and professional limited liability companies (PLLCs) for licensed professionals.

Name Availability Search and Registration

  • Name Search: Conduct a search to ensure the desired business name is available and not already in use.

  • Trademark Search: Perform a trademark search to avoid potential conflicts.

  • Name Reservation: Reserve the business name with the appropriate state agency.

  • DBA Registration: Register "Doing Business As" (DBA) names if operating under a name different from the legal entity name.

Filing of Legal Documents

  • Articles of Incorporation: Prepare and file Articles of Incorporation for corporations.

  • Articles of Organization: Prepare and file Articles of Organization for LLCs.

  • Partnership Agreements: Draft and file partnership agreements.

  • Initial Reports: File initial reports required by the state.

  • State-Specific Filings: Handle specific filing requirements based on the state of formation.

Employer Identification Number (EIN) Application

  • EIN Application Preparation: Complete and submit the EIN application (Form SS-4) to the IRS.

  • Expedited EIN Services: Provide expedited EIN application services.

  • EIN Updates: Assist in updating EIN information with the IRS as needed.

Operating Agreements and Bylaws

  • Operating Agreement Drafting: Draft operating agreements for LLCs to outline the management structure and operating procedures.

  • Bylaws Preparation: Prepare bylaws for corporations to govern internal management.

  • Member and Shareholder Agreements: Draft agreements to define the rights and responsibilities of members or shareholders.

  • Amendments and Updates: Assist in amending operating agreements or bylaws as needed.

Business Plan Development

  • Business Plan Writing: Help create detailed business plans including executive summaries, market analysis, and financial projections.

  • Strategic Planning: Provide strategic planning assistance to outline business goals and objectives.

  • Market Research: Conduct market research to support business plan development.

  • Financial Planning: Develop financial plans and budgets to support business operations.

  • Funding Proposals: Prepare proposals for securing funding from investors or lenders.

Compliance Guidance

  • Annual Reporting: Provide guidance on preparing and filing annual reports with the state.

  • Recordkeeping Requirements: Advise on necessary recordkeeping practices for compliance.

  • Registered Agent Services: Offer registered agent services to receive legal documents on behalf of the business.

  • Renewal Reminders: Provide reminders for license and permit renewals.

  • Regulatory Updates: Keep businesses informed of changes in regulations that may affect compliance.