New Business Formation
Do not wait until you are already in legal trouble to consult a lawyer. The best time to ensure your business is operating legally is during its formation. As the old saying goes, it is always better to be prepared for something that never happens instead of unprepared for a disaster. At Baker & Summy, PC, we ensure that your business is legally sound and compliant with all regulations.
One of the first legal decisions that entrepreneurs make is choosing the best entity structure for their business. We counsel you on the strengths and weaknesses of sole proprietorships, partnerships, limited liability companies, C-corporations, S-corporations and non-profit corporations. Choosing the right entity structure for your business in the beginning is crucial. Your entity structure will be an important factor in determining future choices such as how you obtain financing, hire employees, your personal liability exposure and other critical business matters. Although there are some entity structures that may be preferred over others, we have the experience necessary to put your business in the right vehicle for success. Our lawyers help you select the best structure for your business, while keeping your needs and goals in mind. That way, you can focus your efforts on growing a successful company.
Many business owners balk at the legal costs of hiring an attorney and prefer to set up their business on their own. However, if you consider the expense of legal troubles down the road, hiring an experienced business attorney can actually save you money. Business attorneys provide invaluable services by building the legal framework for your business, ensuring compliance with the laws and regulations specific to your industry and giving you the peace of mind that comes from knowing someone has your back.