Business Formation and Entity Choice
Choice of entity is a crucial first step for business startups. The right decision can pave the way for a successful venture, while the wrong decision can cause unnecessary challenges moving forward — choking off the development, success, and future funding of your business.
At MPL Law Firm we begin the process by getting to know you as a client. We learn about your business and the products or services it offers. We discuss your goals. Once we have a firm understanding of what you do and where you want to take your business, we can provide guidance about how best to structure your business from a legal standpoint. In addition to business matters, we also offer legal services in the practice areas of real estate, estate planning, and criminal defense.
With years of experience and a successful track record advising companies of all kinds, our business and commercial lawyers understand the importance of thorough analysis. We do not rush headlong down any path. We take great care to provide guidance that is customized to the needs of each business we represent.
We help you address the key issues in business formation.
The first issue is the choice of legal entity for management and liability purposes. The second is the choice of entity for tax purposes. We are prepared to review the advantages and disadvantages of all your options so that you have the information and perspective you need to make the right decisions. This includes discussing management and tax provisions as well as buy-sell and non-compete issues.
After we have decided on the entity that is best suited to your goals, we will prepare and file all the required documents to form your business. Some of the documents we regularly draft include Operating Agreements for LLC’s, Shareholder Agreements for Corporations, Partnership Agreements, and Joint Venture Agreements.
Whether you have already selected a business entity, or whether an in-depth review of options is necessary, our attorneys can assist you with:
- Limited liability companies (LLC)
- Limited liability partnerships (LLP)
- C corporations
- S corporations
- Professional corporations (PC)
- General partnerships
We can also assist in establishing special purpose business entities and restructuring existing businesses.
In addition to providing guidance to new business enterprises, we also provide legal assistance and guidance to existing companies. If a business wants to acquire another business or real estate, for example, we can help with the creation of special purpose entities to limit liability and offer tax benefits to the owner.
We also assist existing businesses in restructuring. Sometimes this is necessary in order to plan for future succession, to unwind a problematic division, or to spin off a rapidly growing line of business. Whatever the reason for the restructuring, we can help you address the corporate and tax issues involved.
30 years of small business formation expertise.
The small business formation lawyers at York’s MPL Law Firm bring their years of experience to every client they represent. Whatever industry you’re in, we can apply our deep knowledge of tax and corporate law to better position you for success from the very beginning. Find out how we can assist with any small business formation in York by contacting our office today.