Setting Up Your Business for Success
Forming an entity involves understanding the nuances of business law. No two businesses are alike — and different businesses have different needs. You have the knowledge to run your business. We have the knowledge you need to form and launch it. Talk to us about:
Corporations exist as fictitious people. Comprised of one person — or a group — they have many of the same rights as actual people. When you’re in business, forming a corporation protects you from personal liability for business debts. Even when an owner dies or leaves the business, the corporation can continue. The U.S. has three types of corporations:
Our attorneys can help you name your corporation, complete and file necessary paperwork with the state, and provide guidance on creating the bylaws.<
Entities must register a fictitious name with the state. Unless it’s trademarked, registering the name doesn’t grant exclusive rights for its use. Nor does its registration provide liability protection. Associations/ groups of people, corporations, Individual/ sole proprietorships, or partnerships that conduct business in PA and use a fictitious name must register that name. Our business attorneys can guide you through the process.
When forming a limited liability company (LLC), you’ll benefit from working with an experienced attorney. When you form an LLC with an attorney, you gain:
Creating an LLC in PA includes a series of steps. Our attorneys will guide you through the process, which includes:
Starting a charitable 501(c)(3) is fairly complex. Working with one of our attorneys will protect your interests — and start your public charity on the right foot. We can advise on the business plan, funding plan, tax status, and even the board of directors. Our depth and breadth of experience and knowledge enable us to provide comprehensive, cost-effective counsel to non-profit clients of all sizes.
We’ve acted as legal advisor to more than 50 non-profit boards; many of our attorneys serve in leadership positions. They bring a thorough understanding of how legal matters can impact charitable organizations including tax-exempt corporations, foundations, and associations.
This legally binding written agreement between two parties specifies the working relationship of everyone involved. A partnership agreement helps partners to avoid conflict and future potential legal proceedings. These agreements aren’t one-size-fits-all documents. They do provide a great opportunity for all involved to thoroughly understand the partnership from both a practical and legal perspective.
While you can find partnership agreement templates online, you — and your partner — will benefit when it’s prepared by someone with experience drafting legally enforceable agreements. Whether it’s a general partnership (GP), limited partnership (LP), or limited liability partnership (LLP), our attorneys will explain each type’s advantages and disadvantages. Together, you can determine which agreement best suits your needs.
Different scenarios exist where a company might benefit from a stockholders’ agreement. These agreements — sometimes called shareholders’ agreements — exist to establish and explain stockholder rights. If you find yourself in one of these situations, talk to one of our attorneys.
Stockholder agreements can address multiple issues that include controlling the board of directors, restricting stock transfers, protecting rights of first refusal, and more. If this sounds complicated, you’re right. It is. But our attorneys bring a wealth of experience to draft an agreement appropriate for your needs.
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Since 1976, we’ve been serving individuals, businesses, and communities through the greater Lehigh Valley. Learn more about us.
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