New businesses are typically faced with numerous business decisions, including whether to structure the business as a corporation, a partnership, a limited liability company, a sole proprietorship, limited liability partnership, or even as a joint venture (a partnership arrangement with an established company).

Determining the appropriate business structure requires a thorough understanding of how to raise initial capital; how to finance the business; the implications of federal and state tax requirements; and how to limit liability for the stakeholders. As part of determining how to structure the business, we can also assist the start-up venture with matters such as developing a business plan and analyzing different methods of financing.

We can also participate in “due diligence” checks concerning the company that is to be acquired. This means that our staff can reviews the company finance, employment agreements, intellectual property, environmental liabilities, real estate leases, and pending litigation involving the company and then advise our client about the risks.

We can draft non-compete agreements stipulating that the seller of the business cannot immediately compete with the buyer’s newly acquired business. We can also assist with matters such as the transfer of technology and intellectual property from one entity to another.

We are experienced at corporate compliance such as acting as an entities registered agent and the filing of annual reports necessary to maintain an entity in good legal standing. We also can prepare minutes of the required annual meetings of the entities owners and managers to document the official actions taken, such as corporate resolutions.

As a business client, we hope that you will consider Elmosa & Associates as the Law firm for your businesses legal team.