Business law is a branch of civil law that governs business and commerce in both the private and public sectors. It provides a legal framework within which businesses are created and organized as well as how business is conducted.
Starting a business
Should we operate as a partnership?
Or would a corporation or a limited liability company be better?
What is involved with forming a corporation?
Can we protect ourselves against lawsuits?
What is a Sub S?
A K-1?
A pass through tax entity?
Will we have to pay corporate tax on what we earn?
What about insurance?
Titling of vehicles?
Workers? Compensation?
Can we loan ourselves money?
Do we take salaries?
These and many other questions need to be addressed when you are considering the start up of a business. Many great businesses have started out small, in the garage or basement, and grown to be worth millions. If you intend for your business to be successful, then plan for success from the beginning. Proper legal and accounting advice, from the start, can help insure that your good ideas do not get off track. We can assist you with the incorporation process, or in forming a limited liability company, partnership, or joint venture. We are experienced in the formation process and making sure than your records are complete and that you understand the process for insuring that you maintain the legal documents necessary to be recognized by the IRS as a separate entity. There is more to the process than simply filing papers with the state. We can also assist you with advice on general liability insurance, workers compensation, licensing requirements, tax identification numbers, and other details of the start up process.
Ongoing Businesses
As your business grows, your needs change. Perhaps you now need to be qualified to do business in other states, or need employment agreements, non competition clauses and non solicitation agreements.
Perhaps you are considering raising capital.
Should you borrow?
Should you take on additional investors?
What happens if one of you should become disabled or die?
Is it time to have a buy-sell agreement?
What about estate planning?
Perhaps you and your co-owners recognize the need for acquiring a building of your own, or expanding to additional locations. How this kind of growth is managed can have significant impact on the cash flow of your business. And structuring the expansion in creative ways may also afford you personal tax advantages. Over the years, we have dealt with most of the issues which businesses face.
Call us to discuss your needs. 301-739-3032 EXT 26
Or email us at lawyers@barton-williams.com