Skilled Assistance For Business Formation
Everyone knows the time-honored phrase of “starting off on the right foot.” Devising a winning business model is the challenging first step for most entrepreneurs. Also of key importance is to find the optimal business entity and structure.
The choices are many:
- Limited liability companies
- General partnerships
- Limited liability partnerships
- Limited partnerships
- Sole proprietorships
Each has its own peculiarities. In conjunction with your accountant, we can recommend the optimal entity for your purposes. Income tax and liability issues are major considerations, of course, but flexibility, ease of raising capital, and familiarity to creditors and customers are also relevant factors.
The law of the state in which an entity is formed, as opposed to where it is located, typically controls its internal governance. We can also help to form the entity in a state in which business laws are most conducive to meeting client’s objectives.
When a company has multiple owners, it becomes critically important to solidify arrangements among them. Our lawyers can help with agreements that address management and financial issues, as well as the ramifications of death, disability and retirement.
At Chipman Mazzucco Emerson LLC, our attorneys have been helping new businesses in Fairfield County and throughout Connecticut through formation since 1994. Our experience representing businesses allows us to lead you toward the legal structure that best supports your goals.