Homer Bonner Jacobs business organization attorneys pride themselves on having a keen eye for the combination of legal and business factors that make up a successful business. We feel that in order to facilitate the success of your business organization and your long term goals, you must know the steps to take to properly structure your business and protect its assets from potential liabilities and other forms of interference.
Our attorneys can help you identify any potential hazards to the growth of your business and implement carefully-tailored strategies to avert any adverse legal consequences. We provide skillful legal counsel and high quality representation to business entities throughout the United States, South America, the Caribbean, Europe, and Asia. We represent sole proprietors, multiple shareholder organizations, small businesses, and large corporations, among others. We assist all of our business clients with the following issues:
• Business formation
• Preparation of corporate governance documents
• Corporate book maintenance
• Drafting of contracts
• Entity choice and formation
• Estate planning for business owners
• Lease agreements
• Mergers and acquisitions
• Sales and transfer agreements
• Tax issues
• Transfers of stock
Our business organization attorneys are able to determine exempt and non-exempt assets under the Estate Planning Post Deficit Reduction Act, and help you manage your business assets in order to shelter them from a Medicare or Medicaid pay down. We will protect your business in order to ensure that you are able to pass it down to your children.
To help with the formation selection process, we will assess your individual situation, by evaluating the amount of assets involved, your exposure to liability, any tax implications, and all other pertinent factors. Entity choices include:
• Limited Liability Companies
• General Partnerships
• Limited Partnerships
• Sole proprietorships
• Subchapter S corporations
• Subchapter C corporations
• Professional Associations
Subchapter C Corporations must pay taxes on both the corporation and the income derived. Subchapter S Corporations, on the other hand, are those businesses with fewer than 50 shareholders and less than $5 million threshold in assets which properly elect to be treated as Subchapter S Corporations. These organizations are required to pay taxes on only the income derived from the corporation. It should be noted that both types of subchapter corporations, if properly formed and managed, generally avoid personal liability on the part of the owners/shareholders.
Shareholders in any type of corporation are required to record corporate minutes on an annual basis. Our business attorneys can also assist you in this process, as well as help ensure proper federal compliance throughout your entire organization.
To discuss your business formation, planning, transactional, growth, or sales objectives, with one of our knowledgeable, confident, and experienced lawyers, contact us. Our initial consultation is free of charge.