From Selection to Selling Your Business
Before you even form your business there’s a lot to consider. Having sound, comprehensive advice from a business law attorney will help you build your company on a sound foundation and can save you substantially in the future.
Business Entity Types
When creating a legal entity, you need to select the type of corporation you would like to form. This is an important decision that carries tax and other implications. The type of entity governs whether and how the company will be taxed, and the extent to which the entity will shield its owners from liability.
Businesses should seek the assistance of a business entity formation attorney when creating a business or when adding or removing a partner. In addition, the attorney will create the legal documents that will govern the venture.
Types of Corporate Entities
- Sole Proprietorship
- Corporation
- General Partnership
- Limited Partnership
- Limited Liability Partnership (LLP)
- Limited Liability Company (LLC)
- Professional Entities (for Licensed Professionals)
Our team will help you navigating these choices. Have you made the right choices? Speak to an attorney today.
Business Law
A group of legal strategies aimed at protecting business assets
from seizure as a result of adverse judgements, bankruptcy, separation, death, or other situations.
Regardless of the type of entity you select, protecting your business from liability is extremely important. The team at Cunningham Law will help you mitigate this risk and protect yourself legally.
Taxation & LLCs
The type of entity you choose influences how the business will be taxed. The wrong choice could result in a hefty bill at tax time.
Types of corporations can be confusing to those not familiar with tax statuses and law. Cunningham Law advises clients on the best course to take, what to avoid and how to structure the business to minimize the tax burden the business faces.
Business Documentation & Succession Planning
How a company is allocated between shareholders can make or break a company. This is when having the proper legal documents in place, when you establish your business or create partnerships, is important. Partnership agreements and shareholder agreements can be used to outline the details of how your business is owned and shares of it distributed.
When it comes to your business, why leave it up to chance? Have all those ducks in a row and protect your business and your family the right way.