When forming or expanding your business, your energy is focused on everyday business operations, which often puts legal implications by the wayside. Before setting up or reorganizing your business, it is important to know all the implications and consequences of the business arrangement you choose.
Attorney Santo Campanella assists corporate and small business clients in arranging the best business structure, including considerations for tax implications, decision-making hierarchy, legal responsibility and other important factors.
When you are formally registering a new business or restructuring an existing operation, there are many options to consider, each of which carries different implications.
For example, if you are considering LLC formation, starting out with clear legal documents will prevent future disputes. An LLC provides many businesses with favorable tax status and it can also shield business managers from personal liability.
When considering this business structure, it is important to have clear responsibilities for every founding member, an exit plan for anyone who might wish to leave the company in the future, and methods for solving disagreements in the company.
Incorporation is also a pivotal step in business partnership agreements. While partners may be in unanimous agreement from the start, it is important to consider any future disputes that may arise.
For larger businesses considering a reorganization of their business structure, filing the appropriate documents is essential to ensure your business is compliant with all legal reporting and organizing requirements, protecting you from being exposed to unnecessary liability.
When you work with Campanella, he will explain the advantages and detractions of each different business structure and walk you through each step in the process.
Get started on organizing your business with Campanella by giving him a call at 716-830-9492 today to make an appointment to set up or reorganize your business.