Forming an Entity for your Business
As part of our Corporate and Business Law practice, our firm provides assistance in forming all types of business entities (e.g., corporations, limited liability companies, partnerships, limited partnerships, etc.). We work with our clients and their tax advisors to determine what type of entity and jurisdiction (such as Texas or Delaware) best suits their particular needs and concerns.
Our Business Entity Formation Services Include:
- Helping determine the appropriate type of entity and formation jurisdiction for the business;
- Filing formation documents for the entity;
- Qualifying the entity, as needed, to do business in foreign jurisdictions (i.e., states outside the state of formation);
- Drafting the company agreement, partnership agreement or bylaws for the new entity and organizational resolutions;
- Working with your certified public accountant or other tax professional to determine the appropriate tax treatment of the entity;
- Filing for an electronic identification number (EIN) with the Internal Revenue Service; and
- Providing ongoing advice on the legal implications of business decisions.
Businesses with Multiple Owners
If there are multiple founders who will own the business together, then additional issues will also need to be addressed to cover management and voting rights, distributions and dividends, transferability of ownership interests and buy-sell agreements, and, as may be applicable, employment, non-competition and confidentiality agreements.
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