business Entity formation
Forming your business entity is not one size fits all and is never handled in a vacuum. If you wanted once size fits all, you could use a document drafting service or online legal document website.
Before we form your entity, we get to know you, what’s important to you, what your business is going to do in the world and how you plan to exit it. We ask you questions that will inform us of the tax structure of your entity, how you own the entity and what happens to your business entity when you pass on (or you pass the company on to a new owner).
Many of our clients are business owners. We have been representing entrepreneurs for more than 30 years; from family-owned “mom and pop” operations to large franchises and companies with multiple locations in several states. We help business owners design, implement and maintain effective plans to help them reduce their personal liability, preserve all viable income tax deductions, facilitate the owner’s retirement, maintain family harmony, retain key employees and minimize income, gift and estate taxes.
At its most basic, a succession plan is a documented road map for partners, heirs and successors to follow in the event of your death, disability or retirement. This plan can include a program for distribution of business stock and other assets, debt retirement schedules, life insurance policies, buy-sell agreements between partners and heirs, division of responsibilities among successors, and any other elements that affect your business assets. The plan may also establish the value of your business.