Are you considering going into business with yourself or with a partner? If so, do you know what type of business entity is appropriate for you? Should you remain a sole proprietor? Should you incorporate? Maybe a limited liability company or general partnership may be more suitable for your needs. The type of entity you select can have a substantial impact on the extent of liability to which you might be exposed.
If you intend on establishing a new business or question whether the business entity under which you are currently operating is still meeting your needs, call an attorney at The Harrian Law Firm, P.L.C. for a low cost consultation. We can draft, record and publish all the required legal documents to ensure you are protected to the fullest extent of the law.
If you are currently operating a business and you have business partners, do you have any type of operating agreement? What happens if one of your partners should die? Will that partners’ spouse now be involved in the day to day decisions? Have you considered a buy/sell agreement whereby the company pays for an insurance policy to buyout the deceased partners share at a predetermined set price so that the deceased partner’s estate is fully compensated without a major disruption in the operation of the business? These types of contracts are available. In order for you to protect your company’s interest in the event of both the death and the divorce of you and/or one of your partners, the attorneys at The Harrian Law Firm, P.L.C. can advise you on your options and draft the necessary contracts to ensure that you are protected to the fullest extent of the law. For a consultation, please contact us.