Business Formation
With so much information at their fingertips on the internet, people often make the mistake of foregoing professional advice when starting a new business or expanding an old one. Surely, the self-help kits and website walkthroughs that are readily available can take a person through a registration process, but that is very rarely enough. Without a competent, professional analysis of your business prospects, one can’t be sure that everything has been done properly. Oftentimes, mistakes don’t come up until it is too late to fix them. Entrepreneurs begin with rose-colored glasses and seldom consider the possibility of such things as disagreement or death among partners or protecting personal assets from business creditors.
Strip, Hoppers, Leithart, McGrath & Terlecky provides legal advice and planning services to clients seeking the best way to safely and effectively start their own business. Our attorneys have assisted in the creation of hundreds of companies, guiding entrepreneurs and proprietors through the process with ease. We are aware of the normal pitfalls that people make when starting a company; our attorneys help guide our clients away from the problems that we frequently see in insolvency cases. We provide a legal foundation from which your business can grow and prosper. It is perhaps the most important investment you can make and isn’t as expensive as one would expect.
Our firm offers guidance and consulting services on the full spectrum of issues encountered when starting a business:
Formation and Incorporation. The type of entity you choose can have a dramatic impact on your personal liability and tax efficiency. We will help you choose the proper entity based on an examination of your business goals. We have experience in all types of businesses, including corporations and limited liability companies.
Contracts and Operating Agreements. We are trained in recognizing possible worst-case scenarios and preparing the appropriate documents needed to protect our clients from harm. The contracts and operating agreements that we draft as part of a business formation are crucial pieces of the puzzle.
Business Formalities. We will assist in developing the first set of necessary company documents, including minutes, elections, compensation packages, and other requirements and insurance needs.
Required Filings. With an overwhelming regulatory scheme that can differ based on your business goals, it can often be difficult to keep up with the federal and state forms that businesses are required to file. We can assist in the identification and preparation of all required filings.
Company Book. The work doesn’t stop once you register with the Secretary of State. Year after year, your company will need to make sure that its paperwork is up to date. We can hold your company book and records for you and conduct an annual review to make sure it is current. We will assist in making sure minutes are present, elections are held, and all formalities are followed.
