One of the most exciting and challenging experiences in life is the creation of a new business. Those involved in the planning of a new business must focus on the development of the product or services that will be offered and how those products or services will be delivered.

Another important concern is the funding of the business and how the funds will be spent. Unfortunately, the legal aspects of business formation are all too often ignored or deferred. If addressed at all, the temptation to which the entrepreneurs frequently succumb is to handle the formation themselves or utilize the cheap and expedient service offered by many so called “experts.” We understand why this occurs. We also understand the serious consequences of the lack of proper planning.

Those forming a new business are faced with a number of options in the type of entity to utilize as well as many approaches to dealing with the relationship of the owners to each other. At Quinlivan Wexler LLP we take the time to learn not only about the business venture, but also about the talents of the people involved. We are experienced in evaluating the benefits of the available structures for businesses and assisting our clients in selecting the form most appropriate for their needs from a list that includes:

• Sole Proprietorship
• General Partnership
• Limited Partnership
• C Corporation
• S Corporation
• Limited Liability Company
• Limited Liability Partnership
• Joint Venture

Entrepreneurs today have a smorgasbord of legal entities from which to choose for conducting business. The selection of the business structure to utilize has far reaching effects, both immediate and long term. Considerations include start-up costs, operational complexities, personal liability issues, tax consequences, inter-relationships of and applicable regulatory schemes. Quinlivan Wexler LLP attorneys work closely with our clients in navigating these issues and arriving at the best solutions for the client’s specific goals and circumstances. When appropriate, we will work with tax and business advisors to make sure the form of entity chosen provides the optimum combination of both the legal and financial features available.

In addition to the formation of the business, we provide guidance in dealing with the many important issues that are common to businesses of all types, such as funding, management, restrictions on transfer of interests, valuation, and exit strategies. And we don’t stop with the formation. We remain involved with our business clients and assist them in solving problems that arise in the course of doing business – such as problems relating to contractual relationships with employees, consultants, suppliers, or customers. If we don’t have the specialized expertise required for the handling of a specific issue, we are able to partner with or refer our clients to those with the right qualifications, including accountants, insurance brokers, business valuators, financial planners, bankers, and other attorneys.