Business and Tax Planning

There are many important decisions that go into starting and operating a business. One of the most important decisions is determining the best type of entity to use for the formal structure of the business. Evaluating the benefits and drawbacks of the different business forms available can be a difficult and complex task. Whether you want to form a Partnership, Limited Liability Company (LLC), S Corporation, or C Corporation, our firm can help you determine which business structure is best suited for your specific situation.

In analyzing the options, two of the most important aspects of business formation to consider are limiting the personal liability of the business owners and limiting the tax consequences related to income and distributions. We can draft your business formation documents to best meet the needs of your business, while optimizing tax implications and protecting the business owners from personal liability related to the enterprise’s creditors.

After formation of the business entity, we can continue to advise you in the operation of the business to ensure that you do not lose the benefits offered by your chosen type of entity. For owners of closely held businesses, we are also able to assist in business succession planning and personal estate planning to ensure that the business continues to be owned and operated how you intend after retirement or death.

Proper business formation is essential to providing a business the best opportunity to succeed in today’s volatile economy. With the multiple professional credentials held by the attorneys at Stewart and Bruss, P.C., you can be certain that the advice you are receiving has taken into consideration both the goals of the business and your personal goals relative to the transition of the business to your family in the future. The impact of this first step in your business is great, and our firm wants to make sure that you make the best decision possible.