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A Comprehensive Approach To Entity Formation And Maintenance

Forming a business entity is not a simple cookie-cutter process, as many may hope. It is not uncommon for new business owners to assume that drafting and filing the appropriate paperwork is all it takes to form a new business entity. In general, this is not the case.

Here at Stafford Law Firm, we take the time to get to know you, your business, and your goals before embarking on the business entity formation process. We believe that it is crucial to have the whole picture – from beginning to end – before we get started.

We will help you sort through the tough questions about how to structure your business for tax purposes, how the ownership of the business is set up, and how you would like to handle the succession of the business if you were to pass away or leave the company. We have the experience necessary to make sure all of your bases are covered, so you don’t have to worry about leaving any gaps in your business formation and maintenance plan.

Here are some of the topics we will be sure to cover with you, and we will help you make the necessary decisions:

  • Where you would like to form your business entity
  • What type of entity would best suit your business and your goals
  • How you should set up bank accounts for your business
  • How much and what types of insurance you need
  • Which agreements you need to set up right away
  • How to best manage and protect your intellectual property
  • The conversations you need to have with your CPA

Everyone Can Benefit From Proper Planning

Successful business owners know how to best use their resources. We are here to be a resource for you, no matter where you are in the business formation or maintenance process. Our goal is to be your trusted advisor who will be by your side to help sort through all of the complexities that are inherent to running a business.

Business Entity Maintenance: Compliance, Strategy & Beyond

While maintaining compliance for your business and within your particular industry is a requirement, we understand that focusing on compliance can have the connotation of restriction. Here at Stafford Law Firm, we can help you make sure you adhere to the various compliance requirements while still being free to grow your business on your own terms.

Business maintenance is all about the ingredients that help with this growth. Our comprehensive approach to business entity formation and maintenance allows us to guide you each step of the way. Once your business entity incorporation documents have been signed, we see that as the beginning of a long, trustworthy relationship with your business.

As your business grows, as your structure changes, as the laws for your industry are updated, we will be here to help make sure your business documents are up to date and that you remain compliant and on track for your goals.

Reach out today to learn more about how we will help support your business no matter what part of the process you may find yourself in.

Give us a call for a free consultation.

Frequently Asked Questions

Entity formation documents are the documents required in order to legally form a business entity. The specific documents required will vary depending on which kind of entity you are forming. A business entity formation attorney will be able to advise you on the specific forms you will need for your particular business.

The type of entity you should form depends on a number of factors. Primarily you will want to consider the structure of the owners and partners as well as how much personal liability you are willing to take on. The most common entity for entrepreneurs is an LLC, but this is not the best fit for everyone. Be sure to discuss your goals for your business with an attorney before making any final decisions in order to ensure you and your business are protected.

In it’s most basic form, entity management is how a business stays up to date with its responsibilities (mainly financial and regulatory), as well as maintaining records of managers/owners, and any other necessary corporate records.

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