Business & Corporations

Business Formations: Before choosing a business entity, consult your attorney and your tax consultant. One might choose a sub-chapter C Corporation or a sub-chapter S corporation; the difference is in how the corporation is taxed; that is, will the corporation be taxed or will the income from the corporation pass through to the shareholders who will pay the corporate taxes as individuals.

Another business formation entity is a Limited Liability Company. An LLC enjoys greater tax paying flexibility and does not have shareholders, but has members. An LLC also has some flexibility in management of the company.

Other types of business formations are Partnerships, Limited Partnerships, Limited Liability Partnerships, Professional Corporations and Not-For-Profit Organizations.

Business Law: Business Law includes business contracts, buying and selling businesses, contracts with other persons or business for a specific business purpose, and disputes with businesses.

We recommend periodic consultation with your attorney to determine whether or not you need any specific business agreements to conduct your business.

Marvin Garland can assist you with all areas of business law.