Choosing the right structure for your new company is key to getting your business off to a good start. The way in which you form the company can impact your ability to raise capital, to bring in new partners, and to make necessary decisions going forward. The way in which you structure your affairs can also have a dramatic impact on your protection from liability, your responsibility for the company’s finances and more. An experienced business law attorney can assist you with making sure that you are making the right choices in the early days of your new venture. Our Dayton lawyers have decades of experience and take pride in the level of service they provide to Ohio entrepreneurs. Contact our office today to schedule an initial consultation. We look forward to speaking with you.
Lawyers helping to establish corporations, limited liability companies, partnerships, and other entities for Ohio businesses
There are many options for how your new business will be structured. You may wish to form a partnership, in which you and other individuals do not form a separate entity and, instead, share in all profits. This option provides a high level of flexibility but can also leave owners personally liable for the actions of the business. You may choose to form a corporation. This will allow you to issue stock in the business and will provide a great deal of protection from personal liability. There are, however, tax consequences to consider when forming a corporation. Also, one may wish to start a Limited Liability Company (an “L.L.C.”) which can provide protection from liability while avoiding double taxation. There are pros and cons to each of these business structures and it is best to discuss your particular situation with an attorney.
The first step in forming a new company is to draft any necessary contracts, agreements, and bylaws between the organization’s members or owners. Once these agreements have been executed then the organization will be formed and registered with the Secretary of State. The type of entity you choose, and your area of business, will dictate what business licenses and other approvals you will need. Several other factors will also determine the extent to which you are subject to ongoing regulation.
Our Dayton business law lawyers have extensive experience in helping Ohio businesses. They will use your initial consultation to gain an understanding of your business, to identify issues unique to your situation, and to help you understand which form of company will make the most sense. We will work to negotiate any necessary agreements and, after doing so, will register your company with the Secretary of State. We will continue to provide ongoing support to ensure that you stay in compliance with all applicable regulations and licensing requirements. We focus on this area of law so that you may focus on your business. Contact us online or by telephone.
Dayton attorneys helping with the wind down and dissolution of Ohio companies
There also comes a time when a business needs to cease its operations. The members of the organization may decide to retire, it may be time to consolidate operations, or, unfortunately, the company may have failed. It is important to understand that any business entity must be wound down properly. Failing to do so can potentially result in the owners going through years of litigation and facing exposure for the company’s activities. Our attorneys are able to assist with the wind down of a business. This helps to ensure that your affairs are handled properly.
In addition to Dayton, our lawyers also assist those in the southwest Ohio areas of Beavercreek, Centerville, Clayton, Eaton, Englewood, Fairborn, Franklin, Harrison Township, Huber Heights, Kettering, Oakwood, Lebanon, Miami Township, Miamisburg, Piqua, Riverside, Springboro, Springfield, Tipp City, Trotwood, Troy, Vandalia, Waynesville, Washington Township, West Carrollton, Yellow Springs, and Xenia.