If you have always wanted to start your own business and have finally decided to take the leap, Longman & Van Grack can help guide you from the inception of your venture. We take the time to get to know our clients and their business objectives to ensure that we can offer advice that is tailored to each clients specific situation.
There are many decisions that need to be made when it comes to starting your own business. The first of which is deciding on a business structure. There are a variety of different business forms, all with their advantages and disadvantages. The attorneys at Longman & Van Grack are experienced in advising clients which structure best suits their objectives. Depending on the situation, our attorneys can advise you on whether to choose a sole proprietorship, a partnership, a limited liability company, an S-corporation or a C-corporation. Each business is also subject to state rules and regulations that need to be considered before the business is formed. For whatever entity type you choose, our attorneys will diligently fulfill the necessary formalities to get your business started. We can also explain any and all tax consequences of each business form and advise you on how to make the most of the chosen business structure.
After deciding on a business form, we will help you make decisions about initial set up. Longman & Van Grack’s attorneys can counsel you on specific start up decisions. We regularly review, draft, and negotiate contracts regarding real estate transactions, buy-sell agreements and employment contracts. We can also advise you on the drafting of company policies and employee handbooks.
When forming your business, you must consider as many contingencies as possible. For example, some business structures expose the owner to personal liability while others do not. Depending upon the type of business you are entering into, it may be critical to avoid this. Our attorneys can advise you as to how to best protect your personal assets. We can also assist in preparing you for possible changes in your business such as the entrance or exit of a business partner or executive. The attorneys at Longman & Van Grack are also skilled in advising clients on business succession so that they can enjoy peace knowing their business will proceed as smoothly as possible when they are no longer involved in it.
If you are thinking about starting your own business, allow the attorneys at Longman & Van Grack to guide you through this exciting, but sometimes confusing, process. Even if you have already begun the process or are a current business owner in need of advice, we can help you. Call Longman & Van Grack at (301) 291-5027 for a consultation today.