Business Planning, Structuring, and Formation
The ability to build higher begins with a strong foundation.
If you are starting a new business or buying or selling an existing business, you will need to determine how best to plan and structure your venture. Witt Law can advise you on what form of organization would be best for your business. We will counsel you on the various important relationships required for a successful business, including those between partners or shareholders, customers, suppliers, banks, employees and government regulators.
Existing businesses can benefit from the professional counsel of an experienced attorney with respect to the structure and organization of a business. Many businesses were formed, and are functioning without any formalized structure or plan for succession. During times when all partners are healthy and in agreement, all is fine. When that situation changes, however, the lack of formalized structure and delineation of responsibilities often leads to uncertainty, expense and a loss of value of the business.
When starting a new business, you must decide on a legal structure for your business. Possible business structures include the following:
- Sole Proprietorships
- Partnerships
- Limited Liability Companies (LLCs)
- Limited Liability Partnerships (LLPs)
- Subchapter S Corporations
- Corporations
- Joint Ventures
Witt Law can advise you on what structure would be best for your business and draft all the documents necessary to maintain a business in good standing. Witt Law can help you organize and structure your business so that you, and your partners, know where you stand, and so that you are on firm footing to build a strong and successful business.