Legal counsel for your small business start-up

Just starting out? How exciting! Starting your own business is a big deal. I'm so happy for you, and glad you found this site. It doesn't matter why you you want to be in business for yourself.

Whether you are starting from scratch or buying an existing business, there is a lot to do to get started. I want to help you get it right.

Starting from scratch

Your business structure

Deciding on a formation for your business is important. Among other things, it has an impact on:

• How much tax you pay
• What you can do with your profits
• Your personal liability if something goes wrong
• Your set up costs
• Your ongoing paperwork
• How easy it will be to sell your business or change ownership  

Some of your business structure options include:

• Sole Proprietorship
• Limited Liaibility Company (L.L.C)
• Partnership
• Corporation

Each one has its pros and cons. Luttig Law can help you choose the one that will be best for your business in its start-up phase -- and plan for future needs.

What to think about in choosing a business structure

There are may factors that go into a decision regarding choice of entity.  Some of the things you need to consider include:

• How many owners will there be?
• Will there be employees?
• Will you operate in more than one state?
• Is insurance available to protect you against potential liability?

Buying an existing business

Perhaps you are purchasing an existing business. Even if it has been running successfully for many years, there is a lot to consider. For example:

• Are you purchasing the business assets, or the actual business entity, such as a Corporation or Limited Liability Company?
• If the seller providing any financing?
• Will the seller stay on in some capacity for any period?
• Will there be a non-compete or non-solicitation agreement?
• Will employees continue, and if so, under what terms and conditions?
• Are there leases or other contracts and agreements that are critical to the business?

How can I help you?

During my forty plus years working with small businesses, I have had the opportunity to see what works in many different situations.  My experience with tax law and knowledge of the operating requirements of the different types of businesses enable me to tailor the business to your needs. 

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