Setting The Stage For Business Success
Entity selection may be the most important decision in starting a business. The law firm of Faith, Ledyard & Faith, PLC, can help you establish the proper foundation through business planning and formation.
We have assisted with startups and reorganizations throughout the West Valley, Greater Phoenix area and Arizona.
Call 623-806-8994 to arrange a consultation or for a free quote on flat-fee formation of an LLC or corporation.
Limited Liability Company (LLC) · Business Startups And Agreements
Our business law attorneys are well-versed in the pros and cons of forming as a limited liability company (LLC) or as a corporation. For the vast majority of our clients, an LLC is the optimal choice. Yet there may be practical or strategic reasons for incorporating as an S corporation or traditional C corporation. We can walk you through those considerations and cover all the bases in the operating agreement or shareholder agreement.
Most small businesses are formed by a husband and wife, friends or business associates who want to shelter their personal residence, savings and other assets from liabilities incurred in running and operating a business. If properly formed, operated and capitalized, either an LLC or corporation will protect the owners’ personal assets from most creditors and claims.
A limited liability company offers advantages over a corporation in its simplicity of organization, greater flexibility in management, and greater flexibility in distribution of profits, losses, surplus and capital. An LLC is also more amenable to creative tax planning and transfers of an ownership stake.
From our strong connections in construction and development, we commonly form LLCs for contractors and subcontractors or help developers and investors place real estate transactions in an LLC to limit personal exposure. Our lawyers also shepherd homeowners associations and nonprofit organizations through the process of corporate formation and welcome entrepreneurs or reorganizing businesses in any industry.
We also provide comprehensive business law consulting to new and established businesses, from transactions and leases to contract disputes or debt collection.
Contact Our Business Formation Attorneys
We offer a free, quick flat-fee quote on business formation. Contact us today or call 623-806-8994 to discuss your business venture with knowledgeable attorneys who understand the legal considerations and the business climate in the West Valley.