The Law Firm of Keith A. Cothroll can assist you with drafting business agreements, filing the correct paperwork and advising you what type of business structure would be best for you.
It is important that if you are going into business with anyone, that you write things down. Regardless of whether you are related or friends with the other party, circumstances change! You must write down who is responsible for filing the taxes, making the deposits, rights to the bank accounts and other day to day matters that the business will conduct.
Preparing articles of organization, bylaws, articles of incorporation are important to memorializing each parties roles, duties and responsibilities in the business. Here, at the Law Firm of Keith A. Cothroll we can draft documents that will protect the business from the cradle to the grave.
It’s just as important to make sure that you do have an exit strategy if someone dies, retires or wants out.
NOT DOING SO WILL RESULT IN COSTLY LITIGATION, so plan ahead and make sure you protect yourself.
It’s also important to be aware of the tax implications of starting a new business. Here, at the Law Firm of Keith A. Cothroll, we can assist with those matters as well. We can get you an EIN and file for a Subchapter S election if needed. We also have a litany of referral partners to assist you with any payroll or HR issues you may have.