You have decided to take a big step forward and start your own business. But what do you do next? What type business structure should you use? A corporation, LLC, LLP? What are the tax consequences? If you found an investor, will your investor be a silent partner, a shareholder, a creditor? These and many other questions need to be answered when it comes to starting a new business and maintaining one in the future. Halborn Law is here to help.
In the internet age, with so many do-it-yourself kits and guidelines available, one might wonder why even hire a lawyer. Cost is an important consideration--especially when you are just starting a business. If you do not have the funds to get professional help, it might seem like a good idea to start things on your own. While you may be able to successfully maneuver through all the different procedures without a need for an attorney, a DIY kit can never replace the advice you will receive from experienced lawyer. Oftentimes, an innocent error in a legal document can have serious consequences. And all too often it is too late when the error is discovered.
Remember that forming your business is not a one-time activity. Rather, it is the process that lays out the structure and purpose of your business going forward. An attorney can advise you regarding variety of issues such as what form of business will work best for your specific needs, how to issue stocks in the future, or what procedures to take when your business partner wants to leave. If these procedures are not set up properly from the beginning, they can create plenty of headaches and cost a lot of money down the road.
At Holborn Law, our attorneys can assist you with any of the following matters:
Business Formation - We can help you choose and establish a business structure that is right for you. This includes non-profit or for-profit corporations, professional corporations, S-Corps, C-corps, limited liability companies (LLCs), limited liability partnerships (LLPs), general partnerships, or solo proprietorships. Our attorneys can help you prepare and file your articles of incorporation, articles of organization, statements of information, limited offering exemption notice (LOEN), fictitious business name statement and more. We will work with you to create bylaws that fit your needs.
Business Transactions - Holborn Law can assist you in drafting or reviewing contracts, employment agreements, indemnity agreements, and other transactional documents you may need in successfully running your business.
Business Compliance - Forming a business is only the start. Properly maintaining all legal aspects of your business is necessary to assure that your personal assets are protected under the applicable laws. Holborn Law can help you maintain your corporate formalities and setting up and holding annual meetings, maintaining minutes for your meetings, and more.
How much does it cost? While each case is different, we offer our clients a variety of billing options, including flat-fee, task-based, hourly, and scaled billing.