The go-to for those looking for something easy to run, but yet provides personal liability protection. An LLC itself does not pay taxes as profits and losses are passed through to its owners who report them on their personal filings.
A business entity which allows for an unlimited number of individuals or companies to own a portion of the company by distributing shares of stock. This is the type of business entity to use if you plan on raising funds from investors.
Filing paperwork with the appropriate state agency is the first step in the process, but there are a series of formalities that a newly formed company must take such as drafting and enacting bylaws, operating agreements, issuing stock and filing for an EIN number.
A unique business type which can be a corporation, limited partnership or LLC that has made a special “S” election with the IRS. Taxes also pass-through in an S-Corp, and ownership can be easily transferred through the sale of stock.
Think of an LLC operating agreement for a limited liability company as a prenuptial agreement for your business. It provides owners a detailed framework for various business and functional issues that may arise.
Just about every state requires you to file an annual report in order for them to keep track of the different business entities operating within state lines.
The cannabis lawyers on LawTrades can provide proactive legal planning to keep your business running smoothly during potentially rocky times. Retailers, processors, growers, and ancillary businesses need a reliable legal service as they maneuver through complex regulations and laws set in place.
The cryptocurrency lawyers on LawTrades can provide proactive online legal planning to keep your Bitcoin or other blockchain business running smoothly during potentially rocky times.
The entertainment lawyers at LawTrades have an abundance of experience in the media and entertainment industries, where they’ve represented established and emerging recording artists, songwriters, actors, producers, managers, record companies, publishing companies, television and movie studios, authors, athletes, and technology companies in their ongoing business affairs.
Whether you recently launched your business, currently bootstrapping it, or simply unsure of where to begin, a legal strategy session can help. Too often business owners attempt to deal with legal issues on their own, only to find themselves needing an attorney to clean up the mess.