Business Planning

Today’s economic environment is uncertain, so it is especially important for you to prepare your business for the future. Elder Law Firm can assist you with the creation of your new business entity and provide you with advice during its operation. We can also assist you when your business has run its course and needs to be sold or dissolved.

Do you know what business structure you need?

Every business faces the possibility of lawsuits. Customer disputes usually begin with some form of miscommunication and sometimes end up in a lawsuit where there is no easy way to prove who is right. Businesses and their employees can be liable for these miscommunications and even when they are able to defend against a lawsuit the costs of doing so can be enormous.

Your choices can expose you to or protect you from liability and tax obligations. With guidance, you can capitalize your opportunities and experience a great future.

What formation do you need?

We help our clients determine whether they need to work as a sole proprietorship, form a limited liability company (LLC), a corporation, a limited partnership, or a general partnership. We can assist you with your business decisions if needed. We are experienced at reviewing and preparing contracts such as partnership, operating, and shareholder agreements, as well as confidentiality, non-compete, and employment agreements. Business owners need to avoid liabilities and possible disputes, and a well thought out and prepared agreement can do just that.

Family-Owned Businesses

Family owned businesses are often the primary source of the family’s income and net worth. Proper planning can improve the chances that the business can flourish, even as the business owners reduce their involvement in the company and pass on the business to the next generation, if that decision is appropriate. Elder Law Firm can help owners of a family business to coordinate their estate planning with their business needs and objectives.

Selling a Business

There is no such thing as a business sale so simple that it should be handled without the support and advice of an attorney. Even a gift of an ownership interest in a business can have unforeseen consequences, such as tax issues. We can help protect your personal assets and ensure that the deal you think you are getting is the one you end up with.