The law allows entrepreneurs to utilize several different forms of business structures ranging from sole proprietorships or partnerships to limited liability companies and incorporated entities. Each option has different implications that can affect everything from the amount you’ll pay in taxes to the ability to sell the company. Corporate structure can even affect whether or not your heirs will be responsible for your business debts and how a company can be passed down to one’s heirs. Each state has slightly different rules and standards for the various types of entities, and there are hundreds of possible different types of business structures in the United States. The best corporate structure for a car dealership may not be the best type for a bakery or hair salon, and even different restaurants will want different structures, depending on their long-term plans. We also help draft contracts and agreements to ensure that the right legal language is used when facilitating your business goals to avoid unforeseen negative consequences. When the time is right, our real estate staff can also help negotiate the sale, purchase, or lease of space to an existing and/or expanding operation.
Business law is a difficult and ever-changing landscape and navigating it can take a lot of time and energy away from the daily responsibilities of running a business. Winstein, Kavensky & Cunningham applauds the local businessmen and women who make our economy run and it is our goal is to ensure that they can focus their time and energy on their day-to-day business while we focus on the legal needs. If you own a business or are thinking about starting one and want to understand more about your choices, please call our office and set up a free consultation. We’re here to help you with your legal issues so that you can concentrate on the other aspects of your business.