Business founders take on significant risks when starting a small business venture, but much of this risk can be mitigated by ensuring legal requirements to starting the business are taken care of as early as possible. An attorney can advise clients starting a new business on how to choose the right entity and tax election […]
When considering different compensation amounts and timing, you must first consider the structure of your business. The IRS’s requirements for owner compensation are different for corporations, sole proprietorships, partnerships, and LLCs, so you’ll need to first determine what your legal rights and obligations are. Depending on your business’s entity type and whether you’re taking a […]
Preexisting agreements with your employer could cause legal problems for your new business. If you’re considering starting a business while maintaining your current job, you may want to discuss your new business plans with an attorney. If you signed a Non-compete and/or Agreement that the Company owns any IP created during your employment or as […]
The legal requirements of running a business can seem a bit daunting, but with proper planning and the right legal guidance, they don’t have to be. Choosing the Right Entity, Tax Election, and Creating a Company Agreement will start your business properly and put in place protections and tax benefits for your business. An experienced […]
An LLC Company or Operating agreement is a legal document that outlines the governing structure of the LLC and provides a blueprint for running your business. It lays out the rights and duties of each owner. An attorney will craft a Company/Operating agreement for your LLC or other entity election, taking into account your tax […]