Business Formations

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At The Law Offices of Marcia E. Depew, PLC, our objective is to build lasting relationships with our clients. This relationship begins by working closely with each business owner to have a complete understanding of the business and its unique needs, and the relationship will continue to evolve throughout the lifetime of the business. Our attorneys know business entity structures and how to comprehensively establish or revise the most appropriate legal structure for your business. We also help clients “clean up” erroneous and incomplete formations.

 

 

The types of business entities we help clients establish include:

Sole Proprietorships (DBA)
Limited Liability Company (LLC)
C-Corporation
S-Corporation
Limited Partnerships (LP)
Limited Liability Partnerships (LLP)
Family Limited Partnerships (FLP)
Professional Corporations
Non-Profits (501(c)3)

A fictitious entity like a corporation, an LLC or a limited partnership is beneficial in that it limits your personal liability and provides a certain amount of credibility. The benefits of establishing a sole proprietorship or general partnership (usually for businesses with limited liability exposure) are ease of formation and fewer tax obligations. At The Law Offices of Marcia E. Depew, PLC, we advise our clients of their legal options and discuss practical business formation ideas available to them.

Typical questions we will examine include:

What type of business is it?
What liabilities are involved?
Are you planning on having a tax advisor or accountant?
Who will manage the company?
Is this a public or private company?
How many owners or managers will be in the company?

 

In forming a business entity, The Law Offices of Marcia E. Depew, PLC also drafts the organization’s governing documents and critical agreements, including:

Corporate bylaws
Employee handbooks
Operating agreements for LLCs
Partnership agreements
Shareholder agreements for corporations
Voting trusts

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