No matter how big or small your business,the guidance of a corporate lawyer from the set up of the company is key to ensuring a successful beginning to your economic activities,and ultimately,protecting your assets and business legally. A competent and versatile business lawyer can assist your company with a wide variety of legal matters. The work of a commercial lawyer is generally transactional and involves the creation and registration of relevant documents for starting,financing and managing a business.
When setting up or running a business,there are a range of legal options you will need to consider. Corporate law focuses on helping clients conduct their business affairs in a manner that is efficient and consistent with the law.
Lloyd & Mousilli business lawyercombines extensive legal and corporate management experience giving their clients the advantage of an attorney capable of understanding more than just the legal implications of a transaction or matter in litigation.
One of the ways in which a corporate lawyer can help a business succeed is by setting up a business entity as a separate legal structure,such as an LLC or a C-corp or S-corp.
A corporation is a legal,artificial entity separate from its shareholders and has standing to enter into contracts,sue and be sued,and perform other tasks necessary to keep a business running. It can be and do all this â independent of the people who manage it. A corporation,essentially,is its own ‘person,’ in the eyes of the law,allowing you to protect your personal assets in the event of potential litigation.
In the United States,corporations of any size are formed,registered & operated on a state level. They can also be assigned an Employer Identification Number (EIN) by the IRS for federal identification and taxation purposes.
There are many kinds of entities under which a corporation can be organized. Different structures offer different kinds of protection. Whichever one is best for you depends on the type and scale of your business. The most important thing is to decide the appropriate type well in advance,so it will best serve your needs for as long as possible. When in doubt,this is where you seek the advice of a corporate law firm.
For the purposes of protection,the bare minimum kind of entity to go for is a Limited Liability Company (LLC),which â while not a corporation under state law â limits liability on your end. Some bigger companies are generally associated with corporation structures,such as C-corporations or S-corporations. The difference between C-corps or S-corps is that C-corps are taxed as a separate entity,while S-corps are not; albeit with the caveat that an S-corp’s income and losses are passed to its shareholders and taxed on a personal level.
Directors and officers of corporations owe fiduciary duties to corporate stockholders and to the corporate business entity itself.
A mutually beneficial long-term partnership with a legal advisor can be a great asset to businesses. Lloyd & Mousilli (https://www.facebook.com/lloydmousilli/) is committed to helping businesses succeed by providing clear,practical legal advice and representation.
The right corporate law firms in Houstoncan make a big difference in the management of your company and help you to avoid costly and extensive legal disputes down the line.
It is helpful to have a corporate lawyer that can assist with every stage of the business â from birth,to management,to exit strategy (buying and selling). You want to have someone you can rely upon even when starting a new business. One of the most common ways to earn money or acquire capital for running a corporation is buying and selling of a business or its assets. The due diligence process is a comprehensive appraisal of a business that you might want to buy.