Business Entity Formation
We have been in the same situation in which you find yourself now. You want to start a business, but you can’t seem to figure out which type of entity you should choose. Would it be best to form an LLC, Corporation, or a Partnership? We can help you weigh your options, advise you on the legal requirements, and prepare the documents you need to create your new business.
Tax Implications
The decisions you make when forming your business can have a lasting impact on the taxes that you will have to pay from your company. For example, did you know that if you choose to organize as a C Corporation instead of an S Corporation, you will have to pay taxes from the corporation and also when you get paid from the corporation? Making the right moves during the early stages of your new company will set you up for success. Get the help you need now and you can rest easy knowing that you haven’t made a simple mistake that could cripple your business later. An attorney can help you through the initial formation process so that you can concentrate on more important things.
Legal Documents
Every new business will need certain legal documents drafted and filed with the Nevada Secretary of State. For example, a partnership agreement must outline each partner’s specific duties, determine how profits and losses will be distributed between the partners, and outline other ministerial tasks like financial reporting, withdrawals or contributions of capital. Corporations must have articles of incorporation and LLCs must have member lists and LLC operating agreements. These documents are also crucial to your company’s success and will have lasting effects on your company’s operation for years to come. An attorney can help you build a solid foundation upon which to grow a company that you can be proud of.
Starting a business is an exciting, nerve wracking, and complicated process; there’s no need to do it alone. We can help you make the right moves to get your company up and running. Contact us today.