Business Planning & Entity Formation
A great idea, sweat equity and capital from friends and family are all important elements to the start of a new business. But to build a business – just like the construction of a building – you need to have a proper foundation to support your business at inception and through its growth into the future. An appropriate organizational structure is critical to all businesses, whether they are family businesses, emerging companies, or professional organizations, and whether they are owned and capitalized by one owner or many.
At Graydon, our attorneys have worked with clients to establish all types of businesses in a multitude of industries. No matter the type of business, selecting the optimum form of business entity can achieve tax efficiencies for the business and help position it for future growth and transfers of ownership. Choosing the best form of business entity requires not only understanding the different aspects of partnerships, LLCs, corporations and S corporations, but more importantly, designing a structure to accomplish the owners' specific goals, such as maintaining control, raising capital, incentivizing employees, and eventually providing for a smooth transition in ownership and management. We bring a team approach to addressing the business planning needs of our clients, drawing on the knowledge and experience of our tax, estate planning, cooperate, finance and employment attorneys.
Partnerships, LLCs, corporations and S corporations allow for flexible business planning, but with flexibility can come complexity. Our lawyers are prepared to utilize the flexibility offered by these different entities without undue complexity. The end result is an organization customized to its own specific needs, so as to provide a proper foundation to support your business into the future.