Corporate Law

In yester years, it was easy to open one's own business by merely signing a lease and getting a sign outside your door. Things were done on a handshake without a problem. Well, as you might imagine, this is not the case today.

As we all might be familiar with Happy Day's - Cunningham Hardware Store - we never needed to know what type of company the business was as we always knew it was a family business owned and operated by Mr. Cunningham. That was enough. This is not the case today and in real life.

One has to determine how they will handle their company's tax liability, insurance, etc.

Should someone slip and fall on the premises who receives any of the legal documents. That may appear to be insignificant, but there are many reasons one would need to know who is able to receive legal documents and the structure of any company.

Today, in starting a company, you have to decide on a name, verify that the name is not in use or reserved and decide what type of company or corporation will best suit your needs. It just is not as easy as it use to be. Depending on what type of company or corporation you open depends on what level of liability its stockholders, shareholders, partners or members will be responsible for, what paperwork will have to be filed with the government, how the company will report its income and file its tax returns. Things are just more complicated these days then they were in years gone by.

You should consult with your accountant and attorney whether or not you want to or need to open a 1) Sole Proprietorship; 2) C Corporation; 3) S Corporation; 4) General Partnership; 5) Limited Partnership; 6) Professional Corporation; 7) Professional Association; 8) Non-Profit Corporation; 9) Non-stock Corporation; 10) Farm Corporation; 11) Religious Corporation; 12) Joint Venture; 13) Limited Liability Company; 14) Limited Liability General Partnership; 15) Limited Liability Limited Partnership and much more. They each have their advantages and disadvantageous and have their own tax and level of liability associated with them.

Do not hesitate to sit down with our attorneys to discuss your individual needs and begin the process of handling your corporate or partnership needs.