Business Law Experts
Choice of jurisdiction for formation
We assist in the selection of the jurisdiction in which the entity should be formed. Differing state or national laws may favor the selection of one jurisdiction over another, depending on the nature and ownership of the business and the location of business operations.
Our executive background is a key differentiator from most business law practices. We assist with the establishment and continuation of effective day-to-day business practices, long-term plans, and general organizational structure. Our business lawyers are also available to advise and to assist with the every day aspects of your business, such as the set up of regular meetings and keeping the minutes.
Succession Planning – the Buy-Sell Agreement
Our firm can assist in the selection of an appropriate exit strategy for the principals. Every business owner, at some time, will want a retirement strategy to pass on the operations to a successor.
When more than one person shares ownership, exit strategies become even more important. One must think not only of ordinary retirement, but of the possibility that the owners may have a falling-out along the way, requiring one to buy out the other. The time to plan for this is during the formation; waiting until there is a falling-out can be very expensive, not to mention disruptive to the business. Setting up a well-thought-out buy-sell agreement is crucial.
Last, but by no means least, there are oftentimes potential tax implications as a result of business set-up. Our business tax lawyers assist in the creation of operations, contract labor or employment relationships, and other matters that could affect the business’ after-tax income.