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.
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:
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.
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. 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.