Starting a business is a pivotal moment in the life of an entrepreneur. Actions that are taken in its formation will shape and impact future health and viability of the business. Realizing that this is a very important turning point, entrepreneurs and new business owners alike contact The Burton Firm in Prince George’s County for business counseling including the following:
- Entity selection: Be mindful of tax consequences as you select the appropriate structure for your new business:
- Sole proprietorship
- Partnership
- LLC (limited liability corporation)
- S-Corporation
- C-Corporation
- Structuring and ongoing operation issues for new and existing businesses
- Articles of incorporation/Articles of Organization
- Bylaws/Operating Agreements
- Shareholder agreements, buy-sell agreements
- Legal filings with the state
- Collaboration with a tax accountant to ensure most effective tax treatment
People who inquire at The Burton Firm about business startup questions receive helpful, relevant, practical advice beginning with the initial consultation including the following:
- Keep long-term goals in mind, including business succession plans and/or plans for business dissolution if necessary down the road.
- Beware “prepaid legal plans” and “pro se” business startup documentation services where an experienced attorney’s individualized counsel is not available.
- Work closely with both a business lawyer and a tax accountant for specific, workable solutions for a particular business. Know how to time purchases to minimize tax liability.
Prepare and plan for success in business formation, structuring and growth. Consult with experienced Maryland business counseling attorney Aubrey Burton, Jr., for timely, experienced guidance and help regarding all legal aspects of business law matters including contracts and leases. Call or e-mail The Burton Firm to schedule an initial consultation.
