Entity Formation

Our attorneys partner with clients to help with every aspect of starting a business, from selecting the appropriate business entity to drafting the essential corporate documents.

We will discuss the tax implications of the entity we recommend is most suitable to your business needs, determine what licenses you may need to get off the ground, and guide you through the process of obtaining financing.

Entity Formation

Business Entity Choices
While the specific needs of your business will dictate the choice of entity for your business, our attorneys have extensive experience organizing the following entities in Virginia, Maryland, and the District of Columbia:

  • General Partnerships
  • Limited Liability Partnerships (LLP)
  • Limited Partnerships (LP)
  • Limited Liability Companies (LLC)
  • LLC Managing Member
  • Foreign Registration and Authorization to Conduct Business in Other States
  • Corporations
  • S-Corporations

When considering what entity best suits your business, we will help you evaluate the management, liability, transferability, and tax aspects that will most affect you. Other considerations will include the number of principals you have and their level of involvement, whether you plan on having employees immediately or in the future, and long term expansion goals.

Especially for single-member LLCs that do not need a comprehensive operating agreement between the members, there are excellent tools available.  We recommend TRUiC's guide HowToStartAnLLC.com as a great resource for small businesses.

 

Operating Agreements and Other Organizational Documents
Once you determine the best entity for your needs, our attorneys will draft all the essential documents that you will require to operate your business. If you seek to qualify for tax-exempt status, we will tailor your Articles of Incorporation and Operating Agreement to ensure that they include required provisions to prevent rejection by the Internal Revenue Service (IRS). If your ultimate goal is to have your business certified under one of the many federal government contracting lawyers preference programs, we will work closely with our Government Contracts to guarantee that your organizational documents does not contain any provisions that could jeopardize your eligibility for these programs.

Protecting Business from Piercing the Corporate Veil
Setting up a company properly is important to preserve the corporate veil and protect against personal liability for corporate debts. Click here for more information on Piercing the Corporate Veil.

THE RIGHT LAW FIRM FOR YOUR BUSINESS

Whether you are establishing a new business or you are a large corporation seeking outside counsel, we are well-positioned to meet the legal needs of your business.

People Are Talking

Our team of attorneys is dedicated to ensuring that your company stays on track to achieve its business objectives. We strive to build a partnership with you and your business, remaining on call as you grow your operation and are faced with new opportunities and new challenges.

  • I had less than 36 hours to find a lawyer for my case at work. I found Merritt Green through the internet. He quickly spoke to me about my problems and agreed to represent me on my case. Merritt Green and his associates were there for me through my whole case even when called at the last minute and even negotiated my return to work. I could not have asked for more help and support in a dire time.
    Marta Garcia
  • General Counsel has been instrumental in developing ground-breaking frameworks to help us build a robust national process.
    Bob Bowen, Senior Fellow, Forum for Youth Investment
  • As a government contractor (and growing business), I have relied on General Counsel, P.C. for over four years to be my legal partner and trusted advisor.
    Michael L. Daniels, CEO, Incisive Technology Inc.
  • General Counsel has performed as our corporate counsel since 2006 and we are absolutely delighted with the quality of service and expertise they bring to our company.
    Daniel Sanders, President and CEO Four Sales Ltd.
  • I always felt comfortable and apprised of the progress of my case. Merritt was a great choice for me as an attorney. I wouldn’t hesitate to recommend him or any other attorney from the General Counsel, P.C. firm.
    Dale Shepard
  • General Counsel, P.C. understands Small Business needs, they have become a strategic partner providing exceptional counsel in the dynamic and ever-changing world of government contracting. They are a great peace of mind.
    Thomas J. Davis, CEO / IT Coalition, Inc.
  • General Counsel has been our legal counsel since our start. I would have never thought it possible to have such a committed team looking out for our interests and anticipating our needs in so many areas. We value the relationship with General Counsel and their team.
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