WHY YOU NEED A BUSINESS Attorney:
Here’s the big picture: Whether you are starting a business or operating an existing one, if you’re serious about being successful, you need to have a business lawyer looking out for your best interests.
• Intellectual Property
• Formation and operation
• Business Succession Planning
• Governing Documents
• Partnership Agreements
• Shareholder Agreements
• Agreements preventing competition and solicitation, preserving confidentiality
• Employee Agreements
You may want to form a business entity for your start-up (startup) for reasons relating to raising money, limiting personal liability of owners, ensuring centralized management, continuing beyond the life of the owners, for tax or accounting reasons or for estate and gift tax planning reasons. You may simply want to convert your existing business into a more appropriate entity. A general partnership and sole proprietorship are not business entities. Other types of business entities include, but are not limited to, limited liability company (LLC), limited partnership (LP), limited liability partnership (LLP), limited liability limited partnership (LLLP), corporation, s-corporation (also known as sub-chapter s corporations) and trusts. Each has its own advantages and disadvantages relating to business, tax, accounting and operations, so you need to understand your alternatives so you can choose the entity that is a better fit for your business. Contact a business planning attorney to ensure that you form or convert to the most appropriate business entity to satisfy your needs.