Whether you’re just getting started or have been in business for years, having the proper legal knowledge can be the difference between smooth sailing and litigation that bankrupts your business. We help local businesses in all business law matters including
Choosing the right form for your business, whether that’s sole proprietorship, partnership, corporation, or LLC has a huge impact on both your business taxes and personal liability for business debts. Get help choosing the right form and correctly filing the needed paperwork.
Corporations require a number of ongoing formalities including registration with the Secretary of State, regular board and shareholder meetings, separate bank accounts, and proper documentation of all assets. Even if you are the only shareholder, failing to observe these formalities could cause you to lose the protection from personal liability generally afforded by choosing a corporation.
Before entering into a partnership, it’s important to set out how profits will be shared, how business decisions will be made, how deadlocks should be resolved, and what happens if one partner wants out of the business. For certain types of business activities, you may also have the option of setting up a limited liability partnership.
From employment agreements to contracts with your suppliers and customers, all of your business activities should be protected by formal written agreements that spell out the length of the agreement, payments, consequences for late or substandard performance, and anything else that could become a point of contention in a dispute.
Contact the Wilkinson County law firm Boone, Scott & Boone if you’re looking for an attorney who will help keep your business running smoothly.